Assessment of evolving IEA commitments at COP28

At the COP28 climate change conference in Dubai, they made commitments in three key areas – many countries in renewables and energy efficiency and a significant number of companies in methane. These are three of the five key areas of action highlighted by the International Energy Agency (IEA) ahead of the COP28 conference. The IEA has now analyzed what the impact would be on global energy-related greenhouse gas emissions if all signatories to these pledges met them in full. It shows that while the pledges are positive steps forward in addressing greenhouse gas emissions in the energy sector, they would not be nearly enough to put the world on track to meet international climate goals, particularly the goal of limiting global warming to 1.5°. C. As of Friday, December 8, approximately 130 countries have committed to tripling global renewable energy capacity by 2030 and doubling the annual rate of improvement in energy efficiency each year by 2030. Together, these countries account for 40 % of global carbon dioxide (CO2 ) emissions from burning fossil fuels , 37 % of total global energy demand and 56 % of global GDP.

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