Both of these sets of implications are examined below. Certainly if the ambition of the NDCs is ramped up to match the scale of action needed as per the Agreement's 2-degree objective it implies a transformation of the global economy not paralleled since the industrial revolution. This in turn implies 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 the global community is successful in its ambitions to limit anthropogenic climate change.