The Breakthrough Agenda Report 2022

In News:

The first annual Breakthrough Agenda Report, delivers a progress report on the actions needed to deliver on the historic clean technology commitment by governments.

• The report puts forward 25 recommendations for leaders to discuss at the Global Clean Energy Action Forum and the 13^th Clean Energy Ministerial to be held in Pittsburgh, the US.

About the report:

• The Breakthrough Agenda Report 2022 is a new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA) and the UN Climate Change High-Level Champions.
• The report represents two-thirds of the global economy.
• Objective: It aims at supporting stronger international collaboration to amplify ambition, accelerate progress and drive faster reductions in global greenhouse gas (GHG) emissions. To align countries’ actions and coordinate investment to scale up deployment and drive do down costs across five key sectors — power, road transport, steel, hydrogen and agriculture
• Together, these sectors account for nearly 60% of global greenhouse gas (GHG) emissions and could deliver the bulk of emissions reductions needed by 2030 in a pathway that would make a significant contribution to limiting global warming to a maximum of 1.5 degrees Celsius, in line with the Paris Agreement goals.

Findings:

• The report notes an increase in practical international cooperation in recent years such as doubling of EV sales, increase in global renewable capacity of eight per cent in 2022 — pushing through the 300GW mark for the first time.

• The report also warns that far greater international cooperation is needed to get the world on track to meet its climate commitment.

About IEA:

• It was established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
• IEA is an autonomous intergovernmental organisation.
• Its mission is guided by four main areas of focus: energy security, economic development, environmental awareness, and engagement worldwide.
• Headquarters: Paris, France.
• Roles and functions:

• to help its members respond to major oil supply disruptions, a role it continues to fulfil today
• tracking and analysing global key energy trends,
• promoting sound energy policy,
• fostering multinational energy technology cooperation.

• Composition: It has 30 members at present. IEA family also includes eight association countries. A candidate country must be a member country of the OECD. But all OECD members are not IEA members.
• Three countries are seeking accession to full membership: Chile, Israel, and Lithuania.

Reports by IEA:

• Global Energy & CO2 Status Report.
• World Energy Outlook.
• World Energy Statistics.
• World Energy Balances.
• Energy Technology Perspectives.

Source: Economic Times                      

Previous Year Question

Q.1) In the Indian context, what is the implication of ratifying the ‘Additional Protocol’ with the ‘International Atomic Energy Agency (IAEA)’? (2018)

1. The civil nuclear reactors come under IAEA safeguards
2. The military nuclear installations come under inspection of IAEA
3. The country will have the privileged to buy uranium from the Nuclear Suppliers Group (NSG)
4. The country automatically becomes a member of the NSG.