Breakthrough Agenda Report 2023

Breakthrough Agenda Report 2023

News: The Breakthrough Agenda Report 2023 is an annual collaboration between the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), and the United Nations Climate Change High-Level Champions.

Background:
• The report focuses on supporting stronger international collaboration to drive faster reductions in global greenhouse gas emissions.

About:
• The 2023 edition of the report examines the advances made and actions needed to deliver the Breakthrough Agenda, a clean technology commitment signed by 48 countries at COP26 in Glasgow in 2021.
• The annual process aims to align actions by countries to reduce emissions, scale up investment, and drive down clean technology costs across key sectors: power, road transport, steel, hydrogen, agriculture, and for the first time in 2023, buildings and cement.
• Collectively, these seven sectors account for more than 60% of global GHG emissions.

Key Findings:
• The report shows that current efforts on clean energy and sustainable solutions are not delivering the levels of investment and deployment required to meet international climate goals.
• In response, it calls on governments to strengthen collaboration in key areas – such as standards and regulation, financial and technical assistance, and market creation – to turbocharge the transition.
• The report acknowledges the accelerating transition to clean energy and sustainable solutions in various sectors, particularly in technologies like electric vehicles and solar PV.
• It notes that electric passenger cars are expected to represent 18% of total car sales in 2023, and clean energy technology investments are surpassing spending on fossil fuels.
• However, some high-emission and challenging-to-decarbonize sectors, including steel, hydrogen, and agriculture, are not transitioning rapidly enough, despite progress in certain aspects.