All Eyes on Glasgow
The International Energy Agency (IEA) released last week its annual World Energy Outlook, ahead of the upcoming UN climate summit, COP26 in Glasgow. The agency notes that national level commitments to reduce global emissions are now at their highest level ever. By now, more than 50 countries, as well as the entire European Union, have pledged to net zero emissions. However, the IEA makes it clear that much more needs to be done beyond currently announced pledges to meet the targets set by the Paris Agreement. The agency calculates that overall clean energy investment would need to more than triple to keep the door open to a 1.5 °C stabilization.
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