Thread by @ieefa_institute

Around the world, we're seeing momentum towards #netzero pick up speed says @MLiebreich. Countries are turning commitments into formal contributions. #IEEFA2021

Are we in a world where countries are meeting their #netzero pledges—or a world in which promises are empty and nothing's being done? We'll look at that question says @MLiebreich. #IEEFA2021

We are at or near peak emissions says @MLiebreich. #IEEFA2021

Investments in zero emissions technology appears to have peaked near 2010, but capacity of renewable energy has continued to increase says @MLiebreich. #IEEFA2021

World record prices have continued to fall says @MLiebreich. #IEEFA2021

Two decades ago it was possible to ignore clean energy. A decade ago it was possible to laugh at it. Now, there's a real fight going on says @MLiebreich. #IEEFA2021

#Coal capacity factors around the world are plummeting. Ultimately, what kills coal is not policy or the "war on coal," but economics says @MLiebreich. #IEEFA2021

Nobody is making the decision to launch, fund or build new coal-fired power plants at the same rate they used to. Is coal simply being replaced by gas?
@MLiebreich says no. #IEEFA2021

Gas is being forced out of not just the bulk electricity market. It's getting forced out of the peaking market by battery storage says @MLiebreich. #IEEFA2021

Digitization is a powerful agent of change. Things are moving very rapidly there in parallel with a #netzero transition says @MLiebreich. #IEEFA2021

Action on air quality is resulting in ICE vehicles being pushed out says @MLiebreich. #IEEFA2021

In the medium or long haul, planes will also go electric says @MLiebreich. #IEEFA2021

Right now, blue hydrogen is cheaper to produce than #greenhydrogen says @MLiebreich. As we go forward, the price gap will narrow and then reverse. #IEEFA2021

The right way to think about #hydrogen is not as a Swiss army knife but as a ladder says @MLiebreich. Some things need hydrogen; others are better done without it. #IEEFA2021

There is about $400T in the world in financial assets. Around a quarter to a third are taking into account sustainability and climate change into their investments says @MLiebreich. #IEEFA2021

So far, the clean energy behemoths of the future have yet to replace the large fossil fuel companies says @MLiebreich. #IEEFA2021

There can be a lot of uncertainty around the #energytransition. But the direction of travel is not in doubt says @MLiebreich. #IEEFA2021