The International Energy Agency (IEA) issued a report this week on the momentous scale of the energy transition that will be required by 2050 to limit the rise in global warming to below 2C. The report, Perspectives for the Energy Transition – Investment Needs for a Low-Carbon Energy System, was created in partnership with the International Renewable Energy Agency (IRENA) at the request of the German government to provide input for the G20 presidency.
The report said oil and particularly gas will play a prominent role in the transition, but the IEA/IRENA estimate of the percentage of fossil fuels in the primary energy demand mix is sharply at odds with that of industry consultancies and the international oil majors.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up