Achieving our common goals to avert dangerous climate change requires a dramatic acceleration of progress towards clean growth and resilience. More than 120 countries have so far announced their intention to reduce their emissions to net zero by the middle of this century. As we look forward to COP26, this growing political consensus is grounds for optimism about the world’s ability to meet the goals of the Paris Agreement. Considerable work is now necessary to achieve the ambitions.
In this spirit, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, the Netherlands, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, United States The United Kingdom and the United States welcome the following seven key principles for the implementation of Net Zero, and We encourage the IEA Secretariat and members to consider how the IEA, building on its main strengths, can best support the implementation of these principles, in close partnership with other relevant institutions:
Sustainable recoveries can provide a one-time down payment in a generation to reach net zero: As countries boost their economies and rebuild after the Covid-19 pandemic, they also have a historic opportunity to jump-start progress towards achieving net zero emissions. The IEA can further help governments harness the transition to sustainable net zero energy systems as an engine of clean and sustainable growth and job creation.
Clear, ambitious and achievable roadmaps aligned with net zero to 2030 and beyond are essential: Governments can increase international confidence in the transition by establishing national roadmaps for action over the vital next 10 years, which incorporate the diverse circumstances of each country and utilize a variety of low-emission technologies and options. of carbon to improve regular implementation. The IEA can further support the governments of the IEA family in developing aligned net zero roadmaps to 2030 and beyond, and provide the necessary advice and assistance to facilitate the Implementation.
Transitions will go faster when learning is shared: A wide range of real-world implementation challenges are delaying transitions, including meeting the energy needs of underserved populations and improving access to secure and sustainable energy for the poorest and most vulnerable groups. vulnerable. The IEA Clean Energy Transition Program helps governments in the IEA family to manage technical and economic transition risks and chart a course towards a sustainable and inclusive energy system. Improving mechanisms to share best practices, collaborate on technology, and provide targeted advice to the entire IEA family can help accelerate the pace of transition in the global energy system.
The net zero and innovation sectors are essential to achieve global net zero: Current technologies will likely have to contribute almost half of the emissions reductions needed to put the world on an ambitious path to net zero. The development and large-scale deployment of a range of climate-neutral energy technologies, coupled with energy efficiency, can enable rapid, sustainable and profound energy transitions in all major sectors of energy use – many of which involve complex value chains that cross national borders. Stronger and consolidated public-private mechanisms for international coordination are needed to accelerate innovation and deployment within sectors. The IEA can further improve and improve its analysis of innovation and decarbonisation of the sector, and promote common strategies and approaches within the IEA family, including coordination with other relevant international forums. .
The mobilization, monitoring and benchmarking of public and private investments can be the fuel to achieve net zero: There is an urgent need to change course on climate-neutral energy investments to put the world on the right path to net zero. By 2030, the amount of investment required in electricity (generation and grid / storage) must rise to more than $ 1.6 trillion per year to be on track for net zero emissions by 2050. Major international efforts are needed to increase capital flows for climate neutrality and energy in emerging markets and developing economies. Public and private sector actors must come together to create the enabling environments necessary to further catalyze sustainable and socially acceptable energy investments. The IEA can improve its provision of analysis and practical advice to both governments and the financial community, including through partnerships with other relevant organizations.
People-centered transitions are morally necessary and politically necessary: As countries seek to advance their transition to clean energy technologies, the success of these efforts will depend on the ability of citizens to take advantage of transition opportunities and manage disruptions. This includes social, environmental and economic impacts on individuals and communities, as well as issues of accessibility and equity. It is also essential to focus on training and skills development to enable all citizens to participate in the net zero economy. Governments should continue to share best practices and, where appropriate, explore and scale up new ways to share best practices for designing climate neutral, people-centered and inclusive energy policies, including through the Global Commission. of the IEA on People-Centered Cleaning. Energy transitions.
Net zero energy systems must also be sustainable, secure, affordable and resilient: Maintaining energy security during transitions is essential. Governments, businesses and other key players must both anticipate and manage existing and emerging energy security challenges, including ensuring uninterrupted energy flow, even as variable energy sources increase. This will require guaranteeing a diversified, sustainable and socially acceptable energy and technological mix; make the most of existing infrastructure; and address emerging challenges such as climate resilience, cyber risks, and the availability and security of critical minerals. Governments should work together to analyze where new mechanisms can help to further strengthen the security and resilience of the global energy system alongside a rapid net zero transition, which can be underpinned by the IEA’s provision of expertise analytics, best practices and effective security mechanisms.
United by the high level of their ambitions, countries at all stages of development will need to determine their own unique path to implement net zero based on the diversity of national circumstances and the wide range of technologies.