Investment in new oil and natural gas projects must stop from today, and sales of new gasoline- and diesel-powered vehicles must halt from 2035. These are some of the milestones that the International Energy Agency said Tuesday must be achieved for the global energy industry to achieve net-zero carbon emissions by 2050.
These conclusions seem surprisingly stark for the agency, a multilateral group whose main mandate is helping ensure energy security and stability. But it has increasingly embraced a role in combating climate change under its executive director, Fatih Birol.
In a news conference, Mr. Birol said he wanted to address the gap between the ambitious commitments on climate change that government and chief executives have been making and the reality that global emissions are continuing to rise strongly.
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