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Fatih Birol, executive director of the IEA
BP IEA Irena Shell
Vincent Lauerman
19 July 2021
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Mission net zero – part one: costs

First in three-part Transition Economist series looks at the cost of the global energy transition and the magnitude of the work required

Governments and organisations around the world have set net-zero targets over the past year in line with the goals of the Paris Agreement. This has led to a number of 2050 net-zero scenarios being developed—including by the IEA, Shell, BP and the International Renewable Energy Agency (Irena). But to achieve net zero by 2050 will require a massive transformation of the global energy system, according to Fatih Birol, executive director of the IEA. “The world has a huge challenge ahead of it to move net zero by 2050 from a narrow possibility to a practical reality,” he writes in the IEA’s net-zero report. This three-part series for Transition Economist will aim to determine how realistic this

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