In May, the International Energy Agency (IEA) published their Net Zero by 2050 report, a comprehensive study of how to transition to a net zero energy system by 2050. In the report, the IEA underlines the importance of a massive deployment of all available clean and efficient energy technologies over the next 10 years to meet 2050 targets.
The report dives into an analysis of clean technologies on the market today and how they will impact our emissions reductions through 2030. Importantly in their forecast for 2050, about 40% of emissions reductions are reliant on technologies that have not yet been commercially deployed in mass-market applications. Major innovation efforts need to take place across the spectrum of clean energy tech to reach international climate and sustainability goals.
With the slowdown of the global economy over the last year, due to Covid-19, Climeon has taken the opportunity to put extra focus into R&D efforts to further develop the efficiency our Heat Power technology. An increase in energy efficiency plays a major role in the IEA’s plan to reach 2050 targets, and we are confident that Heat Power will be an integral part of this development.
IEA’s proposed plan would create millions of jobs in the clean energy sector and put us in a strong position to reach international climate targets. We are inspired by the outlook projected by the IEA’s report and hope to see that decision makers around the globe find the same inspiration to put this into action!