The new @IEA Net Zero by 2050 report is crystal clear on what is needed.
"All the technologies needed to achieve the necessary deep cuts in global emissions by 2030 already exist, & the policies that can drive their deployment are already proven."
iea.org/reports/net-ze…
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"Clean energy innovation must accelerate rapidly, with governments putting R&D, demonstration and deployment at the core of energy and climate policy."
In 2030 only existing technologies needed, by 2050 new technologies also come to market.
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Net Zero 2050 is a jobs bonanza.
JOBS. JOBS. JOBS.
"The transition to net zero brings substantial new opportunities for employment, with 14 million jobs created by 2030 in our pathway thanks to new activities and investment in clean energy"
More jobs than losses...
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"Governments need to provide credible step-by-step plans to reach their net zero goals, building confidence among investors, industry, citizens and other countries"
And here are some clear action points...
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To me, this section is a game changer, coming from the @IEA...
"Beyond projects already committed as of 2021, there are no new oil and gas fields approved for development in our pathway, and no new coal mines or mine extensions are required"
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This should send ripples through governments & boardrooms.
No new fossil fuel supply needed. Full stop.
The risk of litigation just went up...
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"This is not simply a matter of all governments seeking to bring their national emissions to net zero – it means tackling global challenges through co-ordinated actions."
Rich countries will get to zero first, & help developing countries get there soon after.
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"The number of countries that have pledged to achieve net-zero emissions has grown rapidly over the last year & now covers around 70% of global emissions.
This is a huge step forward.
However, most pledges are not yet underpinned by
near-term policies & measures"
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"The report provides a global view, but countries do not start in the same place or finish at the same time: advanced economies have to reach net zero before emerging markets and developing economies, and assist others in getting there"
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While many will argue that the IPCC has said much of this before, I see the @IEA NZE2050 as providing much clearer messages, specific action points for governments, & the courage to say no new fossil fuel supply.
Read: iea.org/reports/net-ze…
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