IEA working on Roadmap to Net Zero and eyeing COP26
The IEA has launched a global commission headed by Prime Minister Mette Frederiksen of Denmark to bring together government leaders, ministers and prominent thinkers to explore how to navigate the disruptions resulting from clean energy transitions.
The new commission, Our Inclusive Energy Future, will consider the social and economic impacts on individuals and communities, as well as issues of affordability and fairness, with the aim of putting people at the heart of clean energy transitions and result in key recommendations in advance of COP26.
Work at the organisation will continue on supporting efforts to reduce methane emissions from the oil and gas industry. Methane emissions from the global oil and gas industry fell by an estimated 10% in 2020 as output fell in response to Covid-19, according to the latest update to the IEA’s Methane Tracker. However, emissions still surpassed 70 mln t.
To support efforts to reduce methane emissions, a report released this month, Driving Down Methane Leaks from the Oil and Gas Industry: A Regulatory Roadmap and Toolkit, draws on analysis of how more than 50 countries, states or provinces have tackled methane emissions from a regulatory perspective.
Roadmap due in May
Recently the IEA has been outlining how it will support governments, industries, companies and citizens to reach net zero goals and has announced the intention to releasing a report in May that will set out in detail what is needed to fully decarbonise the energy sector.
Other projects for the year include a new special report on The Role of Critical Minerals in Clean Energy Transitions and a special report on Financing Clean Energy Transitions in Developing Economies, which will be produced in collaboration with the World Bank and the World Economic Forum.
