The significant commitments and ambitious policies outlined in the International Energy Agency’s (IEA) Net Zero by 2050 Roadmap offer a sobering reality check for governments promising to achieve carbon neutrality within the next 30 years. While they won't implement all, Western countries will likely implement some of the recommendations, painting a grim outlook for oil-producing nations. The IEA released the report on May 18 on the heels of last month’s U.S. climate change summit, where the United States, Japan and others announced stronger commitments to reduce their impact on warming global temperatures. The timing of the Paris-based organization’s report is also aimed at building momentum ahead of the United Nations Climate Change Conference in November. ...
