International Energy Agency
Published June 15 2015
“We face a moment of opportunity, but also of great risk. The world is counting on the UN climate talks in Paris later this year to achieve a global agreement that puts us on a more sustainable path. As IEA analysis has repeatedly shown that the cost and difficulty of mitigating greenhouse-gas emissions increases every year, time is of the essence. And it is clear that the energy sector must play a critical role if efforts to reduce emissions are to succeed. While we see growing consensus among countries that it is time to act, we must ensure that the steps taken are adequate and that the commitments made are kept. In recent years, progress has been made in developing cleaner, more efficient energy technologies. Indeed, we are seeing signs that economic growth and energy-related emissions – which have historically moved in the same direction – are starting to decouple. The energy intensity of the global economy continued to decline in 2014 despite economic growth of over 3%. But increased effort is still needed if we are to keep open the possibility of limiting the rise in global mean temperature to 2 °C. The pledges – or Intended Nationally Determined Contributions (INDCs) – made by individual countries for the 21st UN Conference of the Parties (COP21) in December 2015 will determine whether this goal will remain attainable.
This special report, part of the World Energy Outlook series, assesses the effect of recent low-carbon energy developments and the INDCs proposed thus far. It finds that while global energy-related emissions slow as a result of the climate pledges, they still increase. To compensate, governments will need to ramp up efforts, reviewing their pledges regularly, setting realistic and attainable longer-term goals and tracking their progress.”
Continue reading the full report HERE