Investment in new oil and natural gas projects must stop from today, and sales of gasoline- and diesel-powered vehicles must halt from 2035. These are some of the milestones that the International Energy Agency said Tuesday must be achieved for the global energy industry to achieve net-zero carbon emissions by 2050.
These conclusions seem surprisingly stark for the agency, a multilateral group whose main mandate is helping ensure energy security and stability. But it has increasingly embraced a role in combating climate change under its executive director, Fatih Birol.
