Fossil fuel demand goes into precipitous decline under the IEA's net zero scenario
That is the verdict of the IEA (with the IMF) in its encyclopedic roadmap on global energy on the way to a 1.5 degree world.
Net zero by 2050 is the closest thing we have to catechism. The report is the bell that tolls for the fossil age. Not even natural gas escapes the cull.
Net zero does not leave the world’s poor behind: it saves them. It is the cheapest way to reach 800 million people with no electricity, and a further 2.6 billion people with no clean cooking option.
Rural Africa leap-frogs beyond the old model. It goes straight to micro-grids based on solar power and batteries, getting cheaper by the day.
Ambrose Evans-Pritchard Telegraph 18 May 2021
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