The policy implementation

The IEA does not paint a very positive picture with regard to the policy implementation of the participating countries in relation to registered ambitions, and it points out that efforts must be considerably strengthened if targets are to be achieved.

On the other hand, the IEA highlights the fat that an increasing degree of electrification is contributing to the rise of a new energy economy driven by political priorities, technological innovation, and a broad desire to tackle climate change.

The IEA estimates that these changes could drive a market that, by 2050, could be larger than today’s oil industry.

Four recommended priorities will be presented for 2030

1. Increased pressure on electrification, almost doubling power generation using renewables and nuclear power, etc,
2. A sustained strong focus on energy efficiency, including altered consumer behaviour, which can overall contribute to a fall in energy use of one third measured against GDP,
3. Almost 80% reduction in methane emissions, especially in oil and gas production and
4. Almost tripling investments in advanced, clean technologies, including CCUS, batterers, biofuels, DACCS and synthetic fuels.