6 takeaways from the IEA’s net-zero scenario

6 takeaways from the IEA’s net-zero scenario

Welcome back to another Energy Source.

The International Energy Agency’s net-zero road map this week made waves. We offer our take in our first note.

Our second is about what a breakthrough in the Iran nuclear deal negotiations could do to oil prices.

There won’t be a newsletter on Tuesday because we will be on virtual stage for our Energy Source Live event, featuring guests ranging from Senator Joe Manchin to BP’s US boss, David Lawler. You can sign up here. Please join us!

Thanks for reading — and I hope to see you next week. Please get in touch at [email protected]. — Derek

What we learnt from the IEA’s 2050 road map

To keep the world from catastrophic overheating, a new clean energy revolution must take place — at breakneck speed, involving unprecedented co-operation. That’s the conclusion of the International Energy Agency’s new net-zero emissions “road map” (NZE) to 2050.

Fossil fuel investors’ cover to keep investing in more supply has been blown, noted campaigners who welcomed the IEA’s “change of heart”.

But another gloomier conclusion is inescapable: the world is in trouble, because the NZE scenario looks a tall order on every front: political, technical, financial, and behavioural. The scale of the changes envisaged in the