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Fatih Birol

18 May, 9 tweets, 6 min read

@IEA

The @IEA just released the world’s first comprehensive roadmap for the global energy sector to reach net-zero emissions by 2050.

Our special report shows the pathway to net zero by 2050 is narrow but still achievable if governments act now.

The report ➡️ iea.li/33PDCAD

@IEA

The @IEA pathway leads to a global energy system in 2050 dominated by clean energy:

➡️ Solar is the single largest source of global energy
➡️ Renewables provide almost 90% of electricity
➡️ One-fifth of that electricity is used to produce hydrogen

More: iea.li/3orMJRu

Our net zero pathway sees a historic surge in clean energy investment to $4 trillion in 2030. This creates millions of jobs & helps lift global economic growth by 0.4 percentage points a year in the 2020s.

The pathway has no need for investment in new fossil fuel supply projects

Net zero by 2050 requires massive deployment of available clean & efficient energy technologies this decade.

By 2030, annual additions of solar & wind have to reach 4 times last year's record.

Energy efficiency improvements need to triple the average rate of the last 2 decades.

Most of the reductions in CO2 emissions through 2030 come from technologies already on the market. But in 2050, almost half come from technologies that, while known, are still in development now.

Big leaps in innovation are needed by 2030 to get these technologies ready in time.

The transition to net zero by 2050 is for & about people. It must be fair & inclusive.

In our pathway, 14 million jobs are created by 2030 in clean energy supply. But careful policy attention is needed to minimise hardships for workers in fossil fuel sectors where jobs are lost.

Energy security evolves in the transition to net zero:

➡️ As oil demand declines, supply becomes more concentrated among a small number of producers
➡️ Risks around critical mineral supplies require attention
➡️ Electricity systems need to become more flexible & cyber resilient

Moving the world towards net zero by 2050 requires strong policy actions from governments – working together to tackle challenges that span regions.

In the absence of greater international cooperation, it will take several decades longer to reach net-zero emissions globally.

@Laura_Cozzi_

For more on our #NetZero2050Roadmap, join the report’s lead authors – @Laura_Cozzi_ & @TimurGuel – and me for our live launch event at 10am CEST

Read the full report for free: iea.li/33PDCAD
And explore the data: iea.li/3u2miDu

iea.li/3eTAfPy

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More from @fbirol

Fatih Birol

@fbirol

5 May

@IEA

Demand for critical minerals is set to soar as the world pursues net zero goals, our new @IEA report shows.

The energy sector’s needs for minerals could rise by as much as 6 times by 2040. Insufficient supplies would risk delays & extra costs.

More ➡️ iea.li/3ef1vrw

The mineral requirements of an energy system powered by clean energy are profoundly different from one that runs on fossil fuels.

For example, an offshore wind plant needs 13 times more mineral resources than a similar sized gas power plant.

Read more ➡️ iea.li/3eWVcYP

Our report shows a looming mismatch between the world’s strengthened climate ambitions & the availability of critical minerals that are essential to realising those ambitions

Governments need to act now & act together to reduce the risks of price volatility & supply disruptions

Read 7 tweets

Fatih Birol

@fbirol

20 Apr

Global CO2 emissions are set to jump by 1.5 gigatonnes in 2021 – led by a rebound in coal demand mainly from the power sector.

It would be the 2nd largest rise in emissions ever. This economic recovery is anything but sustainable for our climate.

More ➡️ iea.li/3dw4xqX

@IEA

Global coal demand is expected to rebound by 4.5% this year, taking it higher than in 2019 & close to its 2014 peak.

Coal's growth in 2021, driven by the power sector, is set to be 60% bigger than that of all renewables combined.

Read more from @IEA: iea.li/3eesEtn

Demand for fossil fuels is growing rapidly in 2021, with gas set to rise the most above its 2019 level.

Oil demand is also rebounding fast, but with the aviation sector still sluggish, it is set to stay below its 2019 peak.

Major policy changes are needed to alter these trends.

Read 5 tweets

Fatih Birol

@fbirol

2 Mar

BIG NEWS: Despite falling 6% in 2020 as a whole, global energy-related CO2 emissions rebounded over the course of the year from an April low and rose above their 2019 level in December

Our numbers indicate a return to carbon-intensive business-as-usual ➡️ iea.li/3q8hD0u

Major economies led the worrying resurgence in CO2 emissions, with China, India & Brazil all above 2019 levels by the end of the year – and the US approaching them.

This is a stark reminder of the urgent need to accelerate global clean energy transitions: iea.li/3dXA6dS

Global emissions fell by almost 2 billion tonnes in 2020, the largest absolute decline in history. Most of this was due to lower use of oil for road transport & aviation.

As travel & economic activities pick up around the world, oil consumption & its emissions are rising again.

Read 4 tweets

Fatih Birol

@fbirol

9 Feb

Our new India Energy Outlook is out!

India is set to see the largest rise in energy demand of any country in the next 20 years. How it meets this increase will have major consequences for its people, its economy and global energy & climate trends.

More: iea.li/36Wou6B

@IEA

India has made stunning progress in recent years, bringing electricity to vast numbers of people & rapidly expanding solar & other renewables

The @IEA report shows India now has a huge opportunity to develop its economy further while avoiding the high-carbon path taken by others

More than any other major economy, India’s energy future depends on buildings & factories yet to be built, and vehicles & appliances yet to be made

Based on India’s current policy settings, nearly 60% of its CO2 emissions in the late 2030s come from things that don’t exist today

Read 7 tweets

Fatih Birol

@fbirol

10 Nov 20

@IEA

Renewables 2020 is out!

This new @IEA report shows renewable power is still growing strongly despite the Covid crisis – unlike all other fuels.

Renewable electricity generation will rise 7% in 2020, & capacity additions will set records this year & next iea.li/2Ijuop4

@IEA

After a 4% rise in renewable capacity in 2020 driven by 🇨🇳 & 🇺🇸, @IEA forecasts that additions will jump 10% in 2021, led by 🇮🇳 & 🇪🇺

This would be the fastest rate of growth since 2015, but policy action is needed to keep up momentum into 2022

Read more: iea.li/2IqAUKM

The bright prospects of the sector are reflected by continued strong appetite from investors.

This is made clear by shares of solar & wind energy companies outperforming the rest of the energy sector, and by the record level of renewable power capacity auctioned in 2020.

Read 9 tweets

Fatih Birol

@fbirol

13 Oct 20

The World Energy Outlook 2020 is out!

It shows how the Covid crisis has brought deep disruption & uncertainty to the energy sector.

Whether it helps or hinders clean energy transitions will depend on how the pandemic plays out & how governments respond: iea.li/3dpw9wb

Solar is becoming the new king of the world’s electricity markets, leading the renewables charge.

It is set to triple before 2030 under today’s policy settings & has the potential to grow much faster, followed by onshore & offshore wind.

More on #WEO20: iea.li/34Pxfh5

There's lots of talk about peak oil demand, but it misses the point.

#WEO20 shows that the era of global oil demand growth will end in the next decade. But without a big shift in government policies, there's no sign a rapid decline is coming.

More ➡️ iea.li/3iTW5Bp