Fatih Birol, executive director of the IEA
Mission net zero – part one: costs
First in three-part Transition Economist series looks at the cost of the global energy transition and the magnitude of the work required
Governments and organisations around the world have set net-zero targets over the past year in line with the goals of the Paris Agreement. This has led to a number of 2050 net-zero scenarios being developed—including by the IEA, Shell, BP and the International Renewable Energy Agency (Irena). But to achieve net zero by 2050 will require a massive transformation of the global energy system, according to Fatih Birol, executive director of the IEA. “The world has a huge challenge ahead of it to move net zero by 2050 from a narrow possibility to a practical reality,” he writes in the IEA’s net-zero report. This three-part series for Transition Economist will aim to determine how realistic this ‘
Also in this section
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
