The IEA’s first World Energy Outlook was published October 13, providing a scenario for the global transition toward net zero emissions by 2050.

Thus the International Energy Agency’s global energy outlook, released on Wednesday, predicts that more aggressive climate action is needed as world leaders prepare to confront key COP26 summit in Glasgow in November.

This type of transition could trigger instability in the energy markets.

Last month, China pledged not to build any new coal-fired plants overseas.

They are crucial to dealing with emissions from steel, cement, iron and other energy-intensive industrial sectors, as well as from the longdistance transport sector.

Natural gas prices in Europe and Asia are soaring, while coal costs in China are at record levels.

Whereas advanced economies are emission-free ahead of emerging markets and developing countries, including India, the objective is to vastly reduce air pollution, as defined by the United Nations Sustainable Development Goals, and to ensure that energy affordability is properly protected.

But the talks have been hampered by the recent energy crisis, which has fanned fears that businesses will be forced to close and consumers will face rising bills this winter.

Sustainable energy

The use of energy is considered sustainable if it meets the needs of the present without compromising the needs of future generations. There are many definitions of sustainable energy. (wikipedia)

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International Energy Agency

The International Energy Agency is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the (wikipedia)


World energy supply and consumption

World energy supply and consumption is global production and preparation of fuel, generation of electricity, energy transport and energy consumption. It is a basic part of economic activity. (wikipedia)


Renewable energy

Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, (wikipedia)


Fatih Birol

Fatih Birol is a Turkish economist and energy expert, who has served as the Executive Director of the International Energy Agency since 1 September 2015. During his time in charge of the IEA, (wikipedia)