This IISD report aims to inform policy-makers, investors and companies on what they can do to align their energy decisions with the goals of the Paris Agreement, based on modelled pathways consistent with limiting global warming to 1.5°C.
It looks at the implications of 1.5°C scenarios for the phase-out of fossil fuels and the scale-up to renewables, barriers to transitions and solutions to such challenges, and tools for governments and financial institutions to navigate the current energy crisis while maintaining climate ambition.
It also looks at the implications of the Russia-Ukraine war for energy systems and explores whether Europe can meet its as demand without the Russian supply. Some of the reports key messages are that the development of any new oil or gas fields is incompatible with limiting global warming to 1.5°C, that governments need to create enabling environments for redirecting both public and private capital flows toward the clean energy transition, including additional solar and wind capacity.