Irena is calling for faster action to cut emissions
World must cut 37gt CO₂ by 2050 – Irena
Agency report identifies key technologies and actions needed to be consistent with 1.5°C pathway
The world must cut 37gt of annual CO₂ emissions by 2050 to keep to a pathway that would limit global warming to 1.5°C this century, according to the International Renewable Energy Agency (Irena). Around 9.25gt of these cuts must come from energy efficiency, 9.25gt from renewables, 7.4gt from electrification, 3.7gt from hydrogen, 2.2gt from carbon capture and storage (CCS), and 5.2gt from biomass equipped with CCS, according to the body’s World Energy Transitions Outlook, published today. “[The report] charts the fastest path to emissions reduction consistent with the 1.5°C goal. It prioritises existing solutions and those with the most chance of becoming viable in the coming years,” says Ire
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
