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GLOBAL ENERGY TRANSFORMATION

GLOBAL ENERGY . TRANSFORMATION . IRENA 2018. Unless otherwise stated, material in this publication may be freely used, shared, copied, repro- duced, printed and/or stored, provided that appropriate acknowledgement is given of IRENA. as the source and copyright holder. Material in this publication that is attributed to third parties may be subject to separate terms of use and restrictions, and appropriate permissions from these third parties may need to be secured before any use of such material. ISBN 978-92-9260-059-4. About IRENA. The International Renewable ENERGY Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable ENERGY future, and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable ENERGY .

As this report makes clear, current and planned policies offer a comparatively slow path, whereby the world would exhaust its energy-related “carbon budget” in under 20 years, in terms of efforts to keep the global temperate rise well below 2°C. The budget for a 1.5°C limit, meanwhile, would potentially run out in less than a decade.

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