P4G Summit: 100% clean power is the key to carbon neutrality

The briefing highlights the IEA's vision for the power sector to become the first 100% clean sector by 2040 to enable broader decarbonization. It emphasizes that P4G member countries, many of which rely heavily on fossil fuels and sub-critical coal plants, must stop new coal investments and phase out inefficient capacity by 2030. The document specifically identifies South Africa, South Korea, Indonesia, and Vietnam as having significant coal fleets and suggests that bespoke governmental climate financing is required to support the transition in developing and emerging economies.

• The IEA's 'Net Zero by 2050' pathway envisions the power sector transitioning from being the largest source of CO2 emissions in 2020 to becoming the only sector that is 100% clean by 2040.
• To align with the 1.5-degree goal, global CO2 emissions must be reduced by 38% by 2030, with coal power accounting for 54% of that required reduction.
• P4G member countries are heavily dependent on fossil fuels, which provided approximately 70% of their combined total electricity in the previous year. Seven of these nations had fossil fuel shares exceeding the 2020 global average of 61%.
• The P4G countries possess a combined coal fleet of approximately 151 GW, with two-thirds of this capacity being sub-critical. Approximately 80% of this sub-critical fleet is located in emerging and developing economies, specifically South Africa (36 GW), Indonesia (25 GW), and Vietnam (12 GW), necessitating bespoke governmental climate financing for a rapid transition.
• Significant coal power capacity is concentrated in four P4G countries: South Africa (42 GW), South Korea (37 GW), Indonesia (34 GW), and Vietnam (20 GW). Additionally, there is a pipeline of plants under construction in Indonesia (11 GW), South Korea (7 GW), Vietnam (7 GW), Bangladesh (5 GW), and South Africa (4 GW).

APA

Lolla, A. (n.d.). P4G Summit: 100% clean power is the key to carbon neutrality. Ember. https://ember-energy.org/app/uploads/2024/11/Ember_Mini-briefing_What-IEA-netzero-means-for-P4G-summit.pdf

Chicago

Lolla, Aditya. P4G Summit: 100% clean power is the key to carbon neutrality. Ember, n.d. https://ember-energy.org/app/uploads/2024/11/Ember_Mini-briefing_What-IEA-netzero-means-for-P4G-summit.pdf.

Wikipedia

{{cite report |last1=Lolla |first1=Aditya |title=P4G Summit: 100% clean power is the key to carbon neutrality |publisher=Ember |url=https://ember-energy.org/app/uploads/2024/11/Ember_Mini-briefing_What-IEA-netzero-means-for-P4G-summit.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{lollandp4g, author = {Lolla, Aditya}, title = {{P4G Summit: 100\% clean power is the key to carbon neutrality}}, institution = {Ember}, url = {https://ember-energy.org/app/uploads/2024/11/Ember_Mini-briefing_What-IEA-netzero-means-for-P4G-summit.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }