Global energy-related carbon emissions can be reduced by 70% by 2050, generating $10trn a year in benefits, if countries ramp-up national commitments to reach the goals of the Paris Agreement, a new report has found. The German Government – set to receive G20 Presidency later this year – commissioned the first ever collaborative report between the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA), to examine the economic costs and benefits of transitioning to a low-carbon future. The report sheds light into the essential transformations that need to occur in order to align global energy emission reductions with the 2C target of the Paris Agreement, while ensuring that nations and sectors benefit.
Edie 20th March 2017 read more »
One report, two press releases. The world’s leading renewables and energy security analysts sent out mixed messages at a major conference in Berlin on Monday. The International Renewable Energy Agency (IRENA) highlighted the economic benefits of a shift to clean energy. The International Energy Agency (IEA) emphasised the challenges. Each cited different emissions, technology and financial figures. The German government had asked the two agencies to collaborate on a study of the investment needed by 2050 to clean up the energy mix in line with the Paris climate deal. This would inform discussions at the G20, where the host is keeping climate cooperation on the agenda in the face of renewed US hostility.
Climate Home 21st March 2017 read more »