ICSD 2021 P8 | Dr. Laura Cozzi & Dr. Kristalina Georgieva
Channel: SDSN
Date: 2021-09-21

12:00 - 12:30 GMT

The road to Net Zero by 2050

The energy sector is the source of around three-quarters of greenhouse gas emissions today. The IEA published in May a Net Zero by 2050 roadmap for the global energy sector provides clarity on what is actually needed from the energy sector to reach the goal of global net-zero by 2050. Transitioning to net zero by 2050 requires all governments to significantly strengthen and then successfully implement their energy and climate policies. The 2020s see immediate and massive deployment of all available clean and efficient energy technologies, as well as a major global push to accelerate innovation and unlock further emissions reductions. The energy sector transition must go hand in hand with efforts to ensure stable and affordable energy supplies, provide universal energy access, and enable robust economic growth. The result is a transition to a clean, dynamic and resilient energy economy dominated by renewables like solar and wind, creating millions of new jobs and lifting global economic growth. 

While the ambition is high, action on the ground and policy at implement the ambition will be critical. As part of a mandate from G20, the IEA has been tracking sustainable recoveries around the world. The level of spending is far from what’s needed to put the world on a path to reaching net-zero emissions by mid-century, it’s not even enough to prevent global emissions from surging to a new record. The presentation will cover those two main IEA reports and the message they send to policymakers in the lead up to COP26.

12:30 - 13:00 GMT 

Jeffrey Sachs and Kristalina Georgieva: A discussion on the interconnected challenges of recovery, climate change and inequality

Ms. Jutta Urpilainen, European Commissioner for International Partnerships will provide the opening remarks. This talk is a Kapuscinski Development Lecture, organized in partnership with UNDP and the European Commission.

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