May 3, 2024
Global Renewable News

INTERNATIONAL ENERGY AGENCY
New IEA online resource will track progress towards energy goals agreed at COP28

April 23, 2024

Online hub with latest data and analysis, developed in partnership with UN Climate Change, is part of Agency's efforts to support delivery of Dubai outcomes at request of governments

The International Energy Agency (IEA) has launched a new dedicated web resource to track global progress towards the historic energy goals that were committed to at the COP28 climate summit in Dubai with the aim of limiting global warming to 1.5 °C.

The IEA is bringing together its unparalleled global energy data sets, tracking tools and analytical insights to support decision makers and other stakeholders seeking to achieve these goals - including this new one-stop-shop showing the current state of play and key resources to help drive progress.

The webpage, which will be updated regularly to reflect the latest available data and analysis, was developed in collaboration with United Nations Climate Change - part of a new phase of cooperation between the two international organisations.

In Dubai, nearly 200 countries recognised for the first time that to keep alive hopes of achieving the 1.5 °C target set by the Paris Agreement, global emissions from energy need to reach net zero by 2050 - and the countries set key collective goals to help meet that overarching objective. These include tripling renewable energy capacity and doubling the rate of energy efficiency improvements by 2030, accelerating the transition away from fossil fuels, and deploying new and emerging technologies, such as low-emissions hydrogen and carbon capture.

The new IEA tracking page indicates where the world currently stands in relation to these objectives and where it needs to be in 2030 in order to meet them - helping inform decision makers as they take steps to transform promises into action through the remainder of this crucial decade. To help support the achievement of these energy goals, it also highlights a selection of the latest IEA analysis and policy advice for governments as they accelerate secure and inclusive transitions to clean energy.

"Countries around the world made historic energy pledges at the COP28 climate summit aimed at keeping a pathway open to reaching the 1.5 °C goal. They now need to move swiftly to deliver on them in full: it's time for implementation not equivocation," said IEA Executive Director Fatih Birol. "Tracking progress will be critical to these efforts. At the IEA, we often say that you can only manage what you can measure. By regularly sharing the latest data, analysis and policy advice, we aim to support governments as they move to fulfil their commitments and keep global warming in check. Doing so is essential to building a more secure and sustainable energy future."

At the request of governments, and in close partnership with UN Climate Change and the COP28, COP29 and COP30 Presidencies, the IEA is taking a proactive role in supporting the achievement of the energy-related outcomes of the first Global Stocktake in Dubai.

This work includes supporting countries as they develop the next round of Nationally Determined Contributions (NDCs) under the Paris Agreement and creating forums for leaders to exchange ideas and best practices. As part of this, the IEA and Azerbaijan's COP29 Presidency will hold a new series of High-Level Energy Transition Dialogues over the course of 2024 to prepare for the COP29 summit in Baku.

Explore the new webpage

COP28: Tracking the Energy Outcomes

For more information

International Energy Agency
9 rue de la Fédération
Paris Ile-De-France
France 75739
www.iea.org


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