State Secretary Feicht: IEA report sets out ambitious roadmap for global greenhouse gas neutrality by 2050

Andreas Feicht, State Secretary in the Federal Ministry for Economic Affairs and Energy, is attending the presentation of the IEA report Net-Zero by 2050: A Roadmap for the Global Energy Sector by Dr Fatih Birol, Executive Director of the International Energy Agency. The event, which is being co-organised by the IEA and the Federal Ministry for Economic Affairs and Energy, is being held in a digital format.

State Secretary Feicht said: “The Net-Zero by 2050 report shows that the objective of global greenhouse gas neutrality is highly ambitious, but possible. It makes an extremely important contribution to the ongoing discussions in the run-up to the 26th UN Climate Conference. The report is encouraging, but also shows that we need to work hard with the international community in order to reach this goal. Germany is on the right track, having just renewed our Climate Action Act and having decided in the Federal Cabinet to make Germany climate neutral by 2045. Beyond this, we are relying on international dialogue and cooperation so as to speed up the transformation of the energy system.”

The IEA report was presented in Paris on 18 May 2021 and for the first time models a transformation route for the energy sector up to 2050, with the objective of global greenhouse gas neutrality in mind. Building on the scenario analysis of the IEA’s World Energy Outlook and its Energy Technology Perspectives from 2020, the special report sets out a global roadmap for the energy sector. The report contains an assessment of the costs and benefits of the necessary transition and provides more than 400 specific milestones for all sectors en route to greenhouse gas neutrality by 2050.