Energy

Stop investing in fossil fuels to meet net-zero targets, IEA says

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Patrick Pleul | picture alliance | Getty Images

The world’s pathway to developing an energy sector with net-zero emissions by the middle of the century is a viable but narrow one, the International Energy Agency said Tuesday.

In a statement released alongside the publication of a major new report, the Paris-based organization said achieving the net-zero target would require an “unprecedented transformation of how energy is produced, transported and used globally.”

And, in a stark sign of how much work needs to be done, the IEA’s report said current pledges fell “well short of what is necessary to reach net‐zero emissions globally by 2050.”

According to the IEA’s roadmap to net-zero, over…



Source cnbc.com

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