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IEA releases Special Report on Energy and Climate Change

energy and climate change

The International Energy Agency (IEA) released its World Energy Outlook (WEO) Special Report on Energy and Climate Change on 15 June 2015, just months ahead of the highly anticipated COP-21 in December. It sets out, amongst other things, the four pillars the IEA identifies for success at COP-21 from an energy perspective. These include:

  • Peak in emissions: the IEA proposes a bridging strategy to deliver peak global energy-related emissions by 2020
  • Five-year revision: implement a five-year review cycle of mitigation targets to allow for increased levels of climate ambition
  • Lock in the vision: translating the established climate goal in a clear, collective long-term emissions goal, provides greater clarity and certainty to the energy sector
  • Track the transition: a process of tracking is needed to monitor the impact of pledges

In relation to peaking emissions, the report first notes that energy-related emissions stalled in 2014 – the first time in 40 years outside of the economic crisis. It then also lays out a Bridge Scenario, which it proposes will deliver a peak in energy-related emissions by 2020, consisting of five achievable measures:

  • Increasing energy efficiency
  • Reducing use and preventing construction of inefficient coal power plants
  • Increasing investment in renewables
  • Phasing out fossil fuel subsidies by 2030
  • Reducing methane emissions from oil and gas production

More detailed information can be found in the IEA’s website.