With 2050 looming closer, bringing with it the commitment to net-zero emissions, companies and countries are looking for exact steps to take to achieve their goals. Getting to net zero is no small feat, and the energy sector needs guidance and structure to make sure they are keeping their word and getting there on time.
During Rice University’s Baker Institute 2021 Annual Energy Summit keynote address, delivered by Keisuke Sadamori, director of energy markets and security at International Energy Agency (IEA), he introduced the IEA's Net Zero by 2050 Roadmap. He said the previous goal of the roadmap was to determine the steps to net zero for the energy industry by 2070, but as leaders changed their goals to 2050, the plan adjusted accordingly. This roadmap, according to Sadamori, is “narrow but achievable.”
“The Net Zero by 2050 Roadmap calls for an immediate and massive deployment of all existing clean and efficient energy technologies,” Sadamori said. “So we cannot continue ‘business as usual’ for a while and then try to reduce the emissions in the very final years before 2050. Serious efforts must start immediately.”