IEA organises Net Zero Summit

Co-hosted by IEA Executive Director, Fatih Birol, and COP26 President, Alok Sharma, the Net Zero Summit is a critical milestone on the road to COP26 in Glasgow, Scotland in November 2021. The Net Zero Summit will include a dynamic dialogue between the world’s major economies, which are also large emitters, with the participation of US Presidential Special Envoy for Climate, John Kerry, Chinese Special Envoy on Climate Change, Xie Zhenhua, European Commission Executive Vice-President, Frans Timmermans and Indian Minister of Power, New and Renewable Energy, Raj Kumar Singh.

“The world’s growing clean energy and climate ambitions are sending an unmistakable signal. Over 120 governments have announced their intentions to bring emissions to zero by the middle of this century. A tremendous amount now needs to be done to turn ambitions into reality: long-term targets by themselves will not suffice, as the recent rebound in global CO₂ emissions shows,” said Dr Birol, the IEA Executive Director. “We’re delighted that all the world’s major players will come together at our Net Zero Summit to identify how to work together to turn targets into meaningful near-term energy actions to cut emissions and put the world on a sustainable path toward 1.5°. This is vital to build momentum ahead of COP26 later this year.”

“To keep our climate goals within reach the next ten years must be a decade of delivery, not deliberation. This is why the UK, as host of COP26, is pushing for much stronger international collaboration on climate change as one of its top priorities,” said Mr Sharma, the COP26 President. “The IEA-COP26 Net Zero Summit will be an important opportunity for the world’s major economies to agree how they can work together to make the transition towards net-zero by 2050 faster, cheaper and easier for all.”

High-profile energy and climate leaders attending the Net Zero Summit will represent countries that together account for the vast majority of global energy demand and greenhouse gas emissions, including Belgium, Brazil, Chile, Colombia, Czech Republic, Ethiopia, Germany, Greece, Italy, Japan, Kenya, Luxembourg, Mexico, Morocco, Netherlands, Norway, Poland, Slovakia and Spain. Global figures from business and civil society will also take part alongside youth representatives.

Following the opening sessions, a series of Ministerial Panels will address key issues for global clean energy transitions:

• Ensuring People-Centred Transitions.
• Catalysing Near-Term Implementation.
• Accelerating Technology and Innovation by Sector.
• Mobilising Clean Energy Investment.

The panels will be co-chaired by Ministers from governments including Canada, China, Denmark, India, Indonesia, South Africa, Sweden, the UK and the US.

During the closing plenary session, leaders will reflect on the major priorities for action in the run-up to COP26 in Glasgow and the subsequent IEA Ministerial Meeting, and on how to strengthen the international clean energy architecture going into 2022 and beyond.

The Net Zero Summit will provide a unique forum for dialogue among governments on how to implement their emissions pledges. IEA analysis shows that decisive action to boost clean energy is essential to drive sustainable recoveries worldwide over the next two to three years, setting the tone for ambitious and sustained emissions reductions through into the 2030s. Efficient multilateral mechanisms such as the IEA are crucial for catalysing and supporting these efforts.

The global energy system is even more interconnected today than it was when the IEA was founded nearly half a century ago. And just as one country could do little on its own in response to the oil shocks that were crippling the world economy then, governments today cannot transform the global energy system through individual efforts alone.

To help countries turn their ambitions into coherent real-world action, the IEA will publish the world’s first comprehensive roadmap for the global energy sector to reach net-zero emissions by 2050, on 18 May 2021. Commissioned by the UK government’s COP26 Presidency, this piece of IEA analysis will be an important foundation for building a global consensus on reaching net-zero emissions, informing discussions at COP26 in November 2021 and beyond.

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