In late 2022, the IEA released the Global Energy and climate model to demonstrate how far behind the curve we currently were across all metrics in achieving a Net Zero energy future.
The International Energy Agency (IEA) has developed a scenario called the “Stated Policies Scenario” (STEPS), which estimates the progress of countries’ current energy policies towards achieving net zero emissions by 2050.
The STEPS scenario shows that current policies will lead to a decline in energy-related CO2 emissions of around 8% by 2030, compared to the levels in 2019. However, to achieve net zero emissions by 2050, emissions would need to decline by around 65% by 2030.
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