
Message to the P4G Summit
100% clean power is the key to carbon neutrality
For our full analysis of the implications of the IEA milestones for the P4G Summit, download our full briefing.
100% clean power is the key to carbon neutrality
Aditya Lolla
Senior Electricity Policy Analyst, Asia
27 May 2021 | 12 min read
Last week, the International Energy Agency (IEA) made a landmark statement with their Net Zero by 2050 report. In its most thorough and authoritative analysis yet of the pathway to carbon neutrality, 100% clean power is set out as a clear prerequisite to global transition to net zero by 2050.
This is turning into a watershed moment in the clean transition debate, as the IEA’s report was followed by the G7’s communique of 21st May 2021. The G7 nations committed to end the overseas financing of coal this year, but just fell short of committing to 100% clean power by 2035 as required by the IEA pathway. However, the IEA Net Zero report and recent G7 communique have set the marker on what’s needed for countries to decarbonize their power sectors.
The spotlight is now on the 2021 P4G Seoul Summit, taking place between May 30-31. The member countries of the P4G now have an opportunity to build upon this recent momentum, agree on affirmative policies to transition to 100% clean power and deliver on a coherent vision for carbon neutrality. The IEA’s Net Zero milestones make clear what action is needed.
For our full analysis of the implications of the IEA milestones for the P4G Summit, download our full briefing.
Insights
100% clean power is the key to carbon neutrality