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Cop27 yields new deal on loss and damage
Progress made on loss and damage and on carbon markets, but not on emissions reductions
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The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
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New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
No new oil and gas to meet 1.5°C
Report from IISD says new hydrocarbon investments are not compatible with 1.5°C carbon budgets
Global carbon emissions set to rise in 2022 – IEA
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Climate change threatens energy assets
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Governments not collaborating enough on transition – IEA
Coordinated action urgently needed on deployment of clean technologies to avoid decades-long delay in reaching net zero, agency warns
CCUS use must grow vastly to reach net zero
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IEA director general Fatih Birol at Cop26
Cop26 IEA Climate change Methane
Stuart Penson
5 November 2021
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Climate pledges can limit temperature rise to 1.8°C – IEA

Agency updates mid-October analysis to reflect slew of new pledges

New pledges since mid-October have raised global climate ambitions to a level potentially capable of holding the rise in temperatures to 1.8°C by the end of the century, IEA director general Fatih Birol said during this week’s Cop26 climate talks. The IEA’s mid-October forecast was for 2.1°C of warming by the end of the century, provided all announced pledges were implemented in full and on time. The UN stocktake before the conference said pledges would lead to 2.7°C of warming. The discrepancy could be due to a number of factors. The UN stocktake includes only actions outlined in Nationally Determined Contributions by countries signed up to the Paris Agreement. The IEA figures also include

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