02 Dec 2023 07:30—08:45 Paris Time Event — Dubai, United Arab Emirates

IEA at COP28: Net Zero World – Accelerating global energy system decarbonisation

Background information

Dubai time: 2 December 2023, 10:30-11:45.

Despite impressive clean energy growth based on today’s policy settings, stronger measures would still be needed to keep the goal of limiting global warming to 1.5 °C alive. Without further actions, global emissions would remain high enough to push up global average temperatures by around 2.4 °C this century, well above the key threshold set out in the Paris Agreement. But we have the tools needed to accelerate the global energy transition. Ramping up renewables, improving energy efficiency, cutting methane emissions and increasing electrification with technologies available today deliver more than 80% of the emissions reductions needed by 2030 to limit warming to 1.5 °C.

Co-organised by the IEA and Statkraft, this event will propose global, national and regional strategies to get the world on track for net zero emissions by 2050 and limiting global warming to 1.5°C. To meet these goals, policymakers, the private sector, industries, and financial institutions must join forces to pivot from fossil fuels to renewable energy sources and pursue widespread decarbonisation across all end-use sectors. During this event, speakers will discuss the actions that both public and private sector actors must take to put the world on the path to net zero. They will further discuss how policy, technology, investment and innovation can converge to accelerate just and sustainable transitions.

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