The International Energy Agency examined what happens if current and planned fossil fuel infrastructure worldwide is operated through its estimated lifespan.

Why it matters: That alone, it finds, could easily blow past the goal of holding warming to 1.5°C above preindustrial levels. That's the most ambitious and longshot goal of the Paris agreement to lessen harm from climate change.

How it works: The report models the effect if all of today's power plants, vehicles, industrial plants and buildings "continue to rely on unabated combustion of fossil fuels." IEA then includes power plants currently under construction.

The big picture: "Our bottom-up country-by-country analysis of energy infrastructure both in operation today and under construction shows that, if these assets were operated in line with past practice until the end of their lifetimes, they would generate a level of CO2 emissions that would lead to a long-term temperature increase of 1.65 °C (with a 50% probability)," it states.

Go deeper: Key global warming target slipping out of reach, UN scientists warn

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Ben Geman, author of Generate
20 hours ago - Energy & Environment

Sizing up China's 2060 plan

Illustration: Sarah Grillo/Axios

China's vow to reach carbon neutrality by 2060 is starting to produce some helpful analyses of how the world's largest greenhouse gas emitter might actually get there.

Why it matters: The plan seems to be achievable, in theory, but the numbers around the needed expansion of carbon-free power, industrial fuels and vehicles are pretty wild.

Ben Geman, author of Generate
Oct 19, 2020 - Energy & Environment

Renewables gain ground as costs fall

Reproduced from Lazard; Chart: Axios Visuals

The financial advisory firm Lazard is out with its latest analysis of costs for competing energy technologies, and it says a lot about where the U.S. and global power sectors are heading.

Driving the news: The annual analysis shows continued cost declines for wind and solar, albeit not as dramatic anymore, as the chart above shows.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.