In IEA’s 1.5C Pathway, No New Oil & Gas Fields Starting About Now, 60% of Global Car Sales are Electric by 2030 (3)

By Mathew Carr

May 18, 2021 — LONDON: The International Energy Agency’s 1.5C Scenario has some eyebrow-raising characteristics, including “no new oil and gas fields approved for development, no new coal mines or mine extensions” starting about now.

About 4 billion tons of CO2 will be captured in 2035.

It’s not the pathway but a pathway: IEA’s Fatih Birol.

See this:

https://iea.blob.core.windows.net/assets/0716bb9a-6138-4918-8023-cb24caa47794/NetZeroby2050-ARoadmapfortheGlobalEnergySector.pdf

Most of the technology that will provide the emission reductions in 2050 is “under development, the IEA said.

There really will be a jobs boom.

But oil and gas producing nations will see a plunge in per-capita fossil fuel revenue — from $1,800 to $450 by 2030.

Developing countries need help to transition, otherwise the 1.5C target won’t be hit: Birol.

Heavy industry transforms:

Existing projects for electrolysers already come to 110 GW in 2030, still only a fraction of the 850 GW needed by that year, the IEA said:

More detailed version of initial chart:

(Adds charts, Birol)

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