We’re glad to hear that the IEA is starting to respond to the growing demands from business leaders, government leaders, and civil society members to align its scenarios with Paris. However, the devil is in the details as to whether or not such a scenario from the IEA should earn our applause, and we must withhold judgment until more details are released.
When it comes to making decisions on expensive and complex energy infrastructure, investors, governments, and companies look decades into the future. Unfortunately for action on climate change, the IEA’s World Energy Outlook has a strong status quo bias.
Today, over 40 business leaders, investors, and energy experts found remarkable alignment around demanding more from the IEA. In a letter covered by the Financial Times, a broad collection of signatories called on the IEA to develop a truly Paris-aligned scenario.
Today’s release of the World Energy Outlook (WEO) 2018 marked another missed opportunity for the International Energy Agency (IEA) to provide a roadmap to Paris success.
In response to the International Energy Agency’s (IEA) 2018 World Energy Outlook (WEO), Greg Muttitt, Research Director at Oil Change International, said: “We need the world’s foremost energy modellers to model global success in meeting our climate goals, yet this year’s WEO again emphasizes a business-as-usual pathway to climate failure.”
How the International Energy Agency’s Sustainable Development Scenario doesn’t match up to the Paris goals, and how the IEA can change it (2 years ago it nearly did!)
How the IEA Guides Energy Decisions Towards Fossil Fuel Dependence and Climate Change
How the International Energy Agency Guides Energy Decisions towards Fossil Fuel Dependence and Climate Change
“The IEA must help the world plan for success in reaching the Paris goals. That can’t happen until a real climate scenario forms the heart of World Energy Outlook.”
On Monday, we welcomed the first step by the International Energy Agency towards describing how energy would look for the world to meet one of the Paris Agreement goals, to keep warming well below 2°C. Specifically, it looked at emissions being limited enough to give a 2-in-3 chance of staying below 2°C. The report was co-published … Read More