Certainly if the ambition of the NDCs is ramped up to match the scale of action needed as per the Agreement’s 2°C objective, it will imply a transformation of the global economy on a scale unparalleled since the Industrial Revolution. This in turn will imply a massive increase in investment, trade and new technological development in fields such as energy, transportation, construction, waste management and agriculture. In the area of energy, the International Energy Agency (IEA) has built scenarios for global energy demand and investment assuming that the global community is successful in its ambition to limit anthropogenic climate change.