WorldEnergyOutlookSpecialReportFromTakingStocktoTakingActionHowtoimplementtheCOP28energygoalsINTERNATIONALENERGYAGENCYIEAmembercountries:AustraliaAustriaBelgiumCanadaCzechRepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIrelandItalyJapanKoreaLithuaniaLuxembourgMexicoNetherlandsNewZealandNorwayPolandPortugalSlovakRepublicSpainSwedenSwitzerlandRepublicofTürkiyeUnitedKingdomUnitedStatesTheEuropeanCommissionalsoparticipatesintheworkoftheIEAIEAassociationcountries:ArgentinaBrazilChinaEgyptIndiaIndonesiaKenyaMoroccoSenegalSingaporeSouthAfricaThailandUkraineTheIEAexaminesthefullspectrumofenergyissuesincludingoil,gasandcoalsupplyanddemand,renewableenergytechnologies,electricitymarkets,energyefficiency,accesstoenergy,demandsidemanagementandmuchmore.Throughitswork,theIEAadvocatespoliciesthatwillenhancethereliability,affordabilityandsustainabilityofenergyinits31membercountries,13associationcountriesandbeyond.Thispublicationandanymapincludedhereinarewithoutprejudicetothestatusoforsovereigntyoveranyterritory,tothedelimitationofinternationalfrontiersandboundariesandtothenameofanyterritory,cityorarea.Source:IEA.InternationalEnergyAgencyWebsite:www.iea.orgForeword3ForewordAheadoftheCOP28climatechangeconferencehostedbytheUnitedArabEmiratesinDecember2023,newanalysisfromtheInternationalEnergyAgency(IEA)underscoredboththehighstakesandthemajoropportunities.Recordgrowthinanumberofcleanenergytechnologieswaskeepingopenapathtoachievingnetzeroemissionsfromtheglobalenergysectorbymid-century.Butwithoutmuchstrongerinternationalaction,emissionswouldnotdeclineanywherenearfastenough–andthegoaloflimitingglobalwarmingto1.5°C,ascalledforintheParisAgreement,wouldbeinseverejeopardy.Drawingonourdataandanalysis,theIEAdevelopedfivepillarsforglobalactionintheenergysectorby2030thatcouldhelpkeepthe1.5°Cgoalalive.Theseincludedtriplingrenewableenergycapacity,doublingtherateofenergyefficiencyprogressandsignificantlyreducingmethaneemissionsfromfossilfuels.Andwerampedupeffortstofosterbroadconsensusaround1.5°C-alignedtransitionpathways,conveningasummitonthistopicwiththeGovernmentofSpainandhostingaseriesofHigh-LevelEnergyTransitionDialogueswiththeCOP28Presidency.Whennearly200countriesatCOP28inDubaiagreedonapowerfulpackageofenergycommitments–includingthetriplinganddoublinggoals,acalltoslashmethaneemissionsandahistoricpledgetotransitionawayfromfossilfuelsinajust,orderlyandequitablemanner–itwasamomenttocherish.Inachallengingcontext,the“UAEConsensus"deliveredavisionforanetzeroenergyfuturethatcouldbetransformative.Yetchangeisneveragiven.AndwiththeapproachofCOP29,whichwillbehostedinBaku,Azerbaijan,thefocusmustcontinuetoshifttowardsimplementingthepromisesmadeinDubai.Thisreportaddresseswhatthatmeansinpractice,providingtimelyandconstructiveguidancefordecisionmakersaroundtheworld.ItwillplayanimportantroleastheIEAcontinuestodriveforwardtheinternationaldiscussiononenergyandclimategoals,includingthroughanewseriesofHigh-LevelEnergyTransitionDialoguesinpartnershipwiththeCOP29Presidency.OneprioritythereportmakesclearisthatcountriesneedtoquicklytranslatetheCOP28pledgesintodomesticenergypolicies.ThenextroundofNationallyDeterminedContributions,orNDCs,duein2025,presentsanunmissableopportunity.Thesenewnationalclimateplanswillcollectivelyformthebackboneofinternationalclimateprogressandcooperationforthenextdecadeandbeyond.While...
