A wake up call for the energy sector? The IEA’s path to net zero
The energy industry lies at the centre of any attempt to deliver on the goals of the Paris Agreement on climate change. Huge changes in production and consumption are required if the world is to reach net zero emissions and to minimise the global temperature increase to +1.5°C of pre-industrial times, so the International Energy Agency’s (IEA) 18 May report setting out one potential pathway is of great interest.
This is a complex, detailed assessment of how the world might press ahead – and it makes clear the immense challenge ahead for energy companies and their investors.