Wednesday 21 September 2022

Net zero could be delayed by decades, says IEA

Net zero could be delayed by decades, says IEA

Countries are likely to fall behind their climate targets if they don't fill the current international collaboration gaps.

That's one of the key findings of the latest report by the International Energy Agency (IEA) which outlines the actions needed to support governments' clean energy commitments.

The IEA urges governments to end the sale of petrol and diesel vehicles by 2035.

The report also recommends the development of new cross-border "super grids" this decade to increase trade in low carbon energy, decarbonise the power sector and improve international energy security.

IEA Executive Director Fatih Birol said: "We are in the midst of the first truly global energy crisis, with devastating knock-on consequences across the world economy, especially in developing countries. Only by speeding up the transition to clean sustainable energy can we achieve lasting energy security.

"Through international collaboration, we can make the transition quicker, cheaper and easier for everyone - on the back of faster innovation, greater economies of scale, bigger incentives to invest, level playing fields and benefits that are shared across all parts of society.

"Without this collaboration, the transition to net zero emissions will be much more challenging and could be delayed by decades."

Written by

Bruna Pinhoni

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