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 agreements 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