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Clean Energy Transitions Programme Annual Report 2023

Release time:

2024-11-28

Outline: The IEA is focused on helping these organizations scale up their efforts in renewable energy, energy efficiency and clean energy investment and financing, as well as energy security, low-carbon fuels and hydrogen, and industrial decarbonization cooperation

Text:

IEA-UNFCCC collaboration on the Global Stocktake of the Paris Agreement

The first five year Global Stocktake of the Paris Agreement, which assesses the world’s collective progress against its climate goals, concluded at COP28. Building on the synthesis report by the co-facilitators of the related technical dialogue, Parties participated in several high-level events at COP28 and ultimately adopted a decision on the outcome of the first Global Stocktake. The text commits to an acceleration of efforts and delineates a way forward, including by mentioning for the first time the necessity for a just, orderly and equitable transition away from fossil fuels.

The main conclusions of IEA analysis and the key pillars for action that we proposed – notably the call to triple renewable energy capacity, double the rate of energy efficiency improvements and reduce methane emissions by 2030 – were directly reflected in the decision taken by governments on the first Global Stocktake at COP28.

Broadening multilateral coordination The IEA worked to ensure the consistency and coherence of the energy and climate agendas of the G7, G20 and UNFCCC. Our focus in 2023 was on helping these organisations scale up their efforts on renewable energy, energy efficiency and clean energy investment and finance, as well as energy security, low-carbon fuels and collaboration on hydrogen and industrial decarbonisation. In this context, the IEA is working with the incoming Italian G7 Presidency (which has made net zero by 2050 a key priority) to design an ambitious climate and energy programme in 2024.

Supporting clean manufacturing and innovation

One area where we see potential for better coordination among the G7, G20 and UNFCCC is addressing the persistent gaps in access to promising clean energy technologies – including hydrogen, low-carbon fuels and CCUS. It is a subject where the IEA has already demonstrated leadership through its role in developing the G7 Industrial Decarbonisation Agenda.

The news comes from: https://iea.blob.core.windows.net/assets/5a948816-fea5-4feb-82a3-311bbf935f01/CETPAnnualReport2023.pdf