The letter’s signatories – experts, business leaders, politicians and more - call on the IEA to make the 1.5°C target the central scenario in its highly influential annual World Energy Outlook. At present, its “New Policies Scenario” puts us on track for between 2.7°C and 3.3°C. That's a problem, because too many energy decision-makers cite it as an acceptable guide, making it a self-fulfilling prophecy. Even the “Sustainable Development … [Read more...]
IEEFA: IEA’s Sustainable Development Scenario is not enough
The IEA’s Sustainable Development Scenario (SDS) – if it’s followed - sees the world limiting the temperature rise to below 2°C. Even if we stick to the plan the SDS gives us only a 50% chance of success. Tim Buckley at IEEFA says those odds are not good enough. Worse, the SDS depends on carbon capture and storage (CCS) achieving commercialisation at scale by 2030. The author explains why he thinks that’s unrealistic, and calls for the IEA to … [Read more...]
IEA: Future is electric and increasingly renewable
"The IEA is no longer the conservative bastion of oil it once was" writes Fereidoon Sioshansi. Distilling all 650 pages of their latest Outlook, he summarises how the pressing need to address climate change means the dwindling supremacy of oil is giving way to a growing role for electricity that will, amongst other things, cater for 1 billion EVs by 2040. Courtesy EEnergy Informer … [Read more...]
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