The International Energy Agency (IEA) has outlined a global ‘collaboration gap’ that is threatening to undermine climate progress and delay net zero by decades.
This was initially requested by 45 world leaders, and it has served as a progress report on the actions needed to deliver on the clean technology commitment made by governments representing two-thirds of the global economy at last year’s COP26 summit.
The Breakthrough Agenda has the goal to align the countries’ actions and coordinate numerous investments in order to scale up deployment and drive down the costs across five specific key sectors (power, road transport, steel, hydrogen, and agriculture).
All combined, these sectors account for almost 60% of global greenhouse gas (GHG) emissions and could deliver the bulk of the emission reductions needed by 2030 in a way that can make a significant contribution to decreasing global warming, which is in line with the Paris Agreement goals.
“The Breakthrough Agenda and our joint report sends a strong signal ahead of COP27 that greater international collaboration can amplify ambition and accelerate progress. Advancing the transition to renewables is a strategic choice to bring affordable energy, jobs, economic growth, and a cleaner environment to the people on the ground,” said Francesco La Camera, Director-General of IRENA.