Inspenet, September 28, 2023.
The just-released report from the International Energy Agency predicts that emissions from burning oil, gas and coal will continue to rise until they peak this decade.
The Paris agreement against climate change, signed by 200 countries, has so far failed to achieve its purpose, as global greenhouse gas emissions, including carbon dioxide from the energy sector, have increased again this year ( specifically, 1% in 2022) and the most alarming thing is that they have reached a new historical record of 37,000 million tons (Gt) in 2022.
To stop this increase in gases that are causing unprecedented warming in the Earth’s climate, this United Nations body urges countries to double their investments in clean energy sources , such as solar and wind.
According to the recent IEA report, the path to limiting global temperature rise to 1.5 ̊C has become narrower, but is still viable thanks to the growth of clean energy sources. Therefore, no further investment is required in the construction of coal, oil and natural gas plants.
Likewise, the IEA suggests that tripling global installed renewable energy capacity to 11,000 GW by 2030 would result in the largest emissions reductions until 2030, in line with the “net zero by 2050” scenario that has been endorsed at climate summits. recent internationals.
Specifically, electrification driven by electric vehicles and heat pumps plays a critical role across the energy system, contributing almost a fifth of the emissions reductions needed through 2030 to achieve the “zero emissions by 2050” goal.
The call of the International Energy Agency
The latest report from the International Energy Agency also highlights positive aspects. In this sense, it is expected that throughout this year, the world will make historic investments of 1.8 trillion dollars in clean energy , a figure that should increase to around 4.5 trillion dollars annually at the beginning of the decade. of 2030.
However, the IEA calls on countries to step up their efforts, as an 80% reduction in greenhouse gas emissions is required in advanced economies and 60% in emerging market economies for the year 2035.