Both organisations call on the world’s leading economies to pave the way for net-zero greenhouse gas emissions within a generation, with the energy sector playing a crucial role.
In preparation for the IEA-COP26 Net-Zero Summit on 31 March, the European Commission and the International Energy Agency joined forces to underline the essential contribution of the energy sector to achieving a climate neutral economy with net-zero greenhouse gas emissions. According to the findings of the Intergovernmental Panel on Climate Change, reaching net-zero by mid-century is required to keep global warming within 1.5 degrees and stay on the safer side of the Paris Agreement. Energy systems are at the core of this effort and they are highly interconnected with mobility, buildings, industry and land use sectors.
The European Commission and the International Energy Agency agreed to join forces to:
- Accelerate and expand the net-zero movement of governments and companies committed to helping deliver the energy sector’s contribution to achieving net-zero economies;
- Develop a collaborative international net-zero campaign with interested partners to raise awareness and accelerate the transitions to net zero, as an urgent call for action.
- Team up with willing partners in support of African countries’ efforts to develop access to affordable modern energy services from sustainable sources and clean technologies, leapfrogging to advanced stages of sustainable development;
- Feed into the global conversation on net-zero greenhouse gas economies, welcoming the upcoming IEA global Net Zero by 2050 Roadmap on 18 May, which will be guiding future work across the IEA, including the annual IEA World Energy Outlook, and contributions to the first Paris Agreement Global Stocktake in 2023 on progress towards multilateral climate goals.
- Enable citizens to benefit from transition opportunities and to navigate disruptions. Governments in the EU and elsewhere should continue to explore and step up new ways to share best practices in designing energy policies towards climate neutral economies that are inclusive, including as part of the work of the IEA’s Global Commission on People-Centred Clean Energy Transitions.
Source: European Commission I News (https://bit.ly/3dSlNWz)