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Announced climate pledges to date – even if fully achieved – fall short of what’s needed to do so.
Greater ambition and more action this decade are vital to get the energy sector’s CO2 emissions to net zero by 2050 which would keep the rise in global temperatures below 1.5 °C.
The IEA has proposed 5 key pillars to get the world on track by 2030.
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1. Triple global renewable capacity.
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2. Double the rate of global energy intensity improvements.
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3. Slash methane emissions from fossil fuel operations by 75%.
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4. Triple clean energy investments in emerging and developing economies.
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5. Achieve an orderly 30% decline in demand for fossil fuels, including an end to new approvals of unabated coal-fired power plants.
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Building consensus around these pillars is crucial to keep the world's climate goals within reach.
COP28 took steps in the right direction, but more needs to be done.
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Learn more about IEA at COP28
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We can’t defeat climate change by investing in a handful of countries. The world needs to come together at COP28 – and fund a just energy transition
Commentary — 12 July 2023