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Net Zero Emissions (NZE) Roadmap : ‘Net Zero by 2050’

Net Zero Emissions (NZE) Roadmap:‘Net Zero by 2050’:

The International Energy Agency (IEA) released its Net Zero Emissions (NZE) Roadmap – named ‘Net-Zero by 2050’.

  • It is the World’s first comprehensive energy roadmap which comes ahead of the United Nations Conference of the Parties (COP) 26 climate change convention in Glasgow, Scotland in November 2021.
  • ‘Net zero emissions’ refers to achieving an overall balance between greenhouse gas emissions produced and greenhouse gas emissions taken out of the atmosphere.
  • Climate pledges by governments till date even if fully achieved would fall well short of what is required to bring global energy-related carbon dioxide (CO2) emissions to net zero by 2050 and give the world an even chance of limiting the global temperature rise to 1.5 °C.
  • To examine the impacts of announced NZE pledges and what they might mean for the energy sector.
  • New Energy Pathway:
    • To develop a new energy-sector pathway towards achieving NZE globally by 2050.
  • Recommend Governments:
    • To set out key policy recommendations for governments to act upon in the near term, and a long-term agenda for change to achieve net-zero goals, including with a view to reaching other Sustainable Development Goals.

International Energy Agency:

  • IEA is an autonomous Intergovernmental Organisation established in 1974 in Paris, France.
  • IEA mainly focuses on its energy policies which include economic development, energy security and environmental protection.
  • These policies are also known as the 3 E’s of IEA.
  • India became an Associate member of IEA in March 2017 but it was in engagement with IEA long before its association with the organization.
  • Recently, India has inked a Strategic Partnership Agreement with the IEA to strengthen cooperation in global energy security, stability, and sustainability.
  • The World Energy Outlook Report is released by the IEA annually.
  • Recently, it has released the India Energy Outlook 2021 Report.
  • IEA Clean Coal Centre is dedicated to providing independent information and analysis on how coal can become a cleaner source of energy, compatible with the UN Sustainable Development Goals.