Analysis: IEA Energy Roadmap: Stop New Fossil Fuels Investments
Since it was first set up in the wake of the 1973 oil crisis, the International Energy Agency (IEA) has been a hugely influential player in world energy politics.
It provides direct advice to governments and its annual World Energy Outlook reports, which offer projections for future energy sources and demand, have provided the bedrock for major energy investment and policy decisions that help shape the trajectory of the global market.
As such, the IEA’s report out this week, “Net Zero by 2050: A Roadmap for the Global Energy Sector” is nothing less than a watershed moment for the global economy. At 225 pages long, it is chock full of data, projections and 400 suggested milestones and targets for governments and businesses to gauge their progress against as they strive to decarbonize the global energy system within three decades.
Photo courtesy of Karsten Würth.