‘Extraordinary growth’ in clean energy is keeping pathway to 1.5°C open: IEA

Mitchell Beer

It’s been two years since the International Energy Agency published its groundbreaking Net Zero by 2050 report, and a lot has happened. Economies have rebounded after the COVID-19 pandemic, investment has continued to flow to fossil fuels, and “stubbornly high” emissions have persisted. But an important silver lining – in the form of “extraordinary growth” in clean energy technologies – is keeping hope alive when it comes to climate targets. “The pathway to 1.5°C has narrowed in the past two years, but clean energy technologies are keeping it open,” said IEA executive director Fatih Birol in a release summarizing a 227-page update to the Net Zero report. “In the updated net zero scenario, a huge policy-driven ramping up of clean energy capacity drives fossil fuel demand 25% lower by 2030,…

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Corporate Knights (Digital) - 1 Issue, Fall 2023

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