In the late evening of December 15 2018, the gavel came down on the 24th Conference of Parties (COP) in Katowice, Poland, with the President of the conference leaping over the dais in celebration. The outcome of COP24 was heralded by many as a success in multilateralism and diplomacy, and the adoption of the Paris Agreement “rulebook,” a set of rules and guidelines designed to bring the Agreement to life, was no small achievement.
But how does this achievement translate to energy systems in the real world? What signals does it transmit to domestic policymakers and energy sector investors? We outline five key takeaways of COP24 for the energy system and energy transitions.Read More