Renewable energy – net-zero emission
The International Energy Agency (IEA) just released the world’s first comprehensive roadmap for the global energy sector to reach net-zero emissions by 2050.
It shows the pathway to net zero by 2050 is narrow but still achievable if governments act now.
The pathway leads to a global energy system in 2050 dominated by clean energy – with solar as the largest source of global energy & renewables providing nearly 90% of electricity.
It sees a historic surge in clean energy investment to $4 trillion in 2030. This creates millions of jobs & helps lift economic growth by 0.4% a year in the 2020s. The pathway has no need for investment in new fossil fuel supply projects.
Net zero by 2050 requires huge deployment of available clean & efficient energy technologies this decade. By 2030, annual additions of solar & wind have to reach 4 times last year’s record.
In 2050, nearly half of CO2 emissions reductions come from technologies that, while known, are still in development now. Leaps in innovation are needed by 2030 to get these technologies ready in time.
Moving the world towards net zero by 2050 requires strong policy actions from governments – working together to tackle challenges that span regions.