It’s all about “commitments to zero” these days. The urgency of climate change and the need to reduce carbon emissions has seen many influential organizations making commitments to Net Zero by 2050, including the Biden administration, 73 electric utilities across the United States, global energy giants like Shell and Equinor and the German parliament. The International Energy Agency (IEA) identified that the number of countries which have pledged to achieve net‐zero emissions has grown rapidly over the last year and now covers around 70 %of global emissions of CO2. However, the changes required to reach net‐zero emissions globally are poorly understood. As a result, IEA published its “Achieving Net Zero by 2050: A Roadmap for the Global Energy Sector.” They identified that, despite all the hype, if all announced national net-zero pledges are achieved in full and on time, whether or not they are currently underpinned by specific policies, goal acquisition will still fall well short of what is necessary to reach global net‐zero emissions by 2050.
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Topics: distributed energy resources, clean energy, Renewables, Net zero, sustainability, EV, energy flexibility