The IEA’s Climate Warnings Grow Louder, But Is Anyone Listening?

The IEA’s Climate Warnings Grow Louder, But Is Anyone Listening?

Earlier this month the International Energy Agency had yet another dire warning for those concerned about the welfare of the planet. Natural gas demand, the IEA said, was improving faster than earlier expected and this could throw the world off the agency’s Roadmap to Net Zero by 2050.

The gas demand rebound was the result of the recovery in economic activity, the agency acknowledged as well as noting the strong growth in this demand expected in the near future would be due to natural gas replacing more polluting fossil fuels such as coal and oil in the electricity generating sector, among others. Still, this was not good enough for the IEA’s net-zero scenario.

“The rebound in gas demand shows that the global economy is recovering from the shock of the pandemic and that gas is continuing to replace more emissions-intensive fuels,” said Keisuke Sadamori, director of energy markets and security at the IEA.