Cutting emissions must remain the primary route to net zero by 2050. To meet the 1.5°C goal of the Paris Agreement, the global energy system needs a structural transformation to reduce emissions to as close to zero as possible. The IEA Net Zero by 2050 (NZE) Scenario calls for marshalling all opportunities to decarbonise the energy sector,...Read More

1. The Challenge The problem with the carbon credits market is rooted in the global challenge of mitigating climate change and reducing greenhouse gas (GHG) emissions. The larger policy goal is to transition to a low-carbon economy and limit global warming to well below 2 °Celsius above pre-industrial levels as outlined in the Paris Agreement....Read More