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| 1 minute read

Net Zero: A ray of hope from the IEA

With the UK government in the headlines for delaying its key net-zero targets, it's great to hear some optimism from the International Energy Association. 

Last week the IEA updated its landmark report Net Zero Emissions by 2050: A Roadmap for the Global Energy Sector to take account of key developments since its original publication in 2021. Despite the global energy crisis triggered by Russia's invasion of the Ukraine and extreme effects of climate change on our weather systems, the sense from the IEA is that all is not lost. The report notes that we already have the technologies available to deliver more than 80% of the emissions reductions needed by 2030 and that, even in the last two years, the advances in clean energy technology have been "extraordinary". A key driver of this progress is growth in investment, with the world set to invest a record $1.8 trillion in clean energy this year. The effect of shifting governmental policy on net-zero remains to be seen but, in the meantime, investors should take heart knowing that their focus on cleantech now both can and is making a change for future generations. 

Read the full report here:

The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said.


corporate, sustainability and esg