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Strong policy progress on energy efficiency seen in 2023, but meeting climate goals means moving faster
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COP28
What does COP28 need to do to keep 1.5 °C within reach? These are IEA's five criteria for success
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Net Zero Emissions
Oil and gas industry faces moment of truth – and opportunity to adapt – as clean energy transitions advance
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Investment
Cost of capital survey shows investments in solar PV can be less risky than gas power in emerging and developing economies
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Climate Change
New policy and business approaches are needed to support scaling up of CCUS
Events
View allIEA at COP28: Value chains, technologies and business models to accelerate decarbonisation of industry
IEA at COP28: The role of Latin America and the Caribbean in the new world energy economy
IEA at COP28: Country sector platforms – Building the basis for scaled-up and accelerated climate action
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Energy sector emissions are predicted to decrease with current policies, but the 1.5 °C goal is still far-off
Driven by policies, expanding markets, and falling costs, clean energy technologies are shifting the outlook for emissions even under current policies. In the Stated Policies Scenario, emissions are now projected to be 7.5 Gt lower in 2030 than in our 2015 Pre-Paris Baseline Scenario, of which policy driven expansions of solar PV and wind account for 5 Gt and electric vehicles for nearly 1 Gt. This shift in the outlook means that the projected warming of 2.4 °C in 2100 under current policy settings, though still worryingly high, is now 1 °C lower than before the Paris Agreement in 2015.