Eoin Treacy's view

Here is a link to the full report and here is a section: 

We are approaching a decisive moment for international efforts to tackle the climate crisis –  a great challenge of our times. The number of countries that have pledged to reach net‐zero  emissions by mid‐century or soon after continues to grow, but so do global greenhouse gas  emissions. This gap between rhetoric and action needs to close if we are to have a fighting  chance of reaching net zero by 2050 and limiting the rise in global temperatures to 1.5 °C.   Doing so requires nothing short of a total transformation of the energy systems that underpin  our economies. We are in a critical year at the start of a critical decade for these efforts. The  26th  Conference  of  the  Parties  (COP26)  of  the United Nations Framework  Convention  on  Climate Change in November is the focal point for strengthening global ambitions and action  on climate by building on the  foundations of the 2015 Paris Agreement. The International  Energy  Agency  (IEA)  has  been  working  hard  to  support  the  UK  government’s  COP26  Presidency to help make it the success the world needs. I was delighted to co‐host the IEA-COP26 Net Zero Summit with COP26 President Alok Sharma in March, where top energy and  climate leaders from more than 40 countries highlighted the global momentum behind clean  energy transitions. 

 The one thing the market teaches us is the consensus is seldom correct. What happens when we spend until trillions on energy diversification only to learn that it does nothing to arrest a warming trend? Will we then lament not moving sooner on risk mitigation strategies like building higher seawalls or developing additional food supplies? The one thing I can be sure of is the vilification of opposition is a key symptom of mania.