IEA given climate mandate
Ministers from 31 member countries give body new guiding principle of supporting decarbonisation efforts
The IEA has been given an official mandate by energy ministers to support countries in reaching their net-zero targets. The traditional role of the IEA has been to ensure global energy security, but ministers from the 31 member countries said in a statement following the latest ministerial meeting that this was the launch of a new phase for the agency. “In addition to ensuring global energy security, the IEA has a new guiding principle: supporting countries in the global effort to attain net-zero greenhouse gas emissions in the energy sector by mid-century,” says the statement. “We resolve to accelerate clean energy transitions as a lasting solution to prevent energy price spikes, such as th
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals