Message to the P4G Summit
Summary
Ember's message to the 2021 P4G Seoul Summit emphasizes that achieving 100% clean power is a prerequisite for global carbon neutrality by 2050, citing the International Energy Agency's (IEA) Net Zero by 2050 report.
Key insights
- The International Energy Agency (IEA) identifies 100% clean power as a necessary prerequisite for the global transition to net zero by 2050, projecting that the power sector will transition from being the largest CO2-emitting sector in 2020 to the only 100% clean sector by 2040.
- The G7 nations issued a communique on May 21, 2021, committing to stop overseas coal financing within the year, although they did not commit to the IEA's target of 100% clean power by 2035.
- P4G member countries, particularly South Africa, South Korea, Indonesia, and Vietnam, possess significant coal fleets, much of which is sub-critical. Transitioning these developing and emerging countries away from coal will require bespoke governmental climate financing.
Cite the original document
- APA
- Ember (2021). Message to the P4G Summit. https://ember-energy.org/latest-insights/message-to-the-p4g-summit
- Chicago
- Ember. Message to the P4G Summit. 2021. https://ember-energy.org/latest-insights/message-to-the-p4g-summit.
- Wikipedia
- {{cite press release |author=Ember |title=Message to the P4G Summit |date=27 May 2021 |url=https://ember-energy.org/latest-insights/message-to-the-p4g-summit |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{ember2021message, author = {{Ember}}, title = {{Message to the P4G Summit}}, publisher = {Ember}, year = {2021}, month = may, url = {https://ember-energy.org/latest-insights/message-to-the-p4g-summit}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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