The International Energy Agency (IEA) is looking to ‘build momentum’ ahead of the COP26 Summit in Glasgow by producing ‘the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050’.
In a statement issued yesterday (11 January), the IEA said that the new special report, The World’s Roadmap to Net Zero by 2050, will ‘set out in detail what is needed from governments, companies, investors and citizens to fully decarbonise the energy sector and put emissions on a path in line with a temperature rise of 1.5 degrees Celsius’.
The new roadmap will be released on 18 May, ahead of the COP26 Summit in Glasgow in November.
The IEA noted that ‘dozens of countries’ and many leading companies have already announced plans to bring their emissions down to zero by around the middle of this century, but warned that ‘much work remains to be done to translate these ambitious targets into actual reductions in emissions’.
Dr Fatih Birol, the IEA’s Executive Director, commented: ‘Our roadmap to net zero can play a vital role in helping countries identify and implement the actions needed to achieve climate, energy security and affordability goals. Nothing short of a total transformation of our energy infrastructure will be required. That calls for decisive action this year, next year and indeed every year to 2050.’
COP26 President Alok Sharma added: ‘The IEA’s plan to produce a pathway to net zero global emissions by 2050 is another important step for climate action. This will make clear the actions countries must take individually and collectively to meet that goal.’
The IEA also announced that reinvigorating international energy cooperation will be a major theme of its own event, the 2nd IEA Clean Energy Transitions Summit, which it will be co-hosting with the UK Government on 31 March.
In a related move, the IEA has unveiled a new ‘Our Inclusive Energy Future’ commission headed by Prime Minister Mette Frederiksen of Denmark that will ‘bring together government leaders, ministers and prominent thinkers to explore how best to empower citizens to benefit from the opportunities and navigate the disruptions resulting from clean energy transitions’.