US EditionNet Zero by 2050 Still Remains Possible With Rapid Renewables Expansion, Says IEA
- The International Energy Agency has stated that record growth in clean energy technology, such as solar panels and electric vehicles, offers hope in limiting global warming to 1.5 degrees Celsius . However, achieving this goal will require significant efforts, including tripling renewable capacity, doubling energy efficient infrastructure, increasing heat pump and electric vehicle use by 2030.
- The IEA emphasizes the importance of an equitable transition to net zero, with advanced economies reaching net zero sooner than developing economies. In order to avoid damaging price spikes or supply gluts during the energy transition, continued investment in existing oil and gas assets and already approved fossil fuel projects will be necessary.
- To achieve the goal of holding global temperatures to 1.5 degrees Celsius and avoid the worst impacts of warming, a substantial reduction in emissions is required by 2035. This includes an 80% decline in emissions from 2022 levels in developed countries and a 60% decline in developing countries. Measures such as ramping up renewables, improving energy efficiency, cutting methane emissions, increasing electrification, and rapid progress on carbon capture and storage are necessary.
56 Articles
56 Articles
Rich nations, China must accelerate to improve net zero targets: IEA
Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still within reach.
Rich nations, China must accelerate race to net zero: IEA
Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still achievable.
Net-zero deadlines ‘must be moved up’
PARIS - Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency (IEA) said on Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still achievable.
No new oil, coal projects needed as fossil fuel demand to peak this decade: IEA
Even if no new government climate policies are introduced before 2030, global demand for fossil fuels will still peak before the end of the decade, a new report by the International Energy Agency states. The report released Tuesday says the worldwide rollout of key technologies such as renewable pow...
Rich nations, China must accelerate race to net zero: IEA
PARIS: Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday (Sep 26), warning that a clean energy surge was the main reason the world's climate goals are still achievable. Wealthy countries must now reach carbon neutrality in around 204
Boost in solar energy and electric vehicle sales gives hope for climate goals, report says
The window to limit human-caused warming to a globally agreed goal is narrowing but still open because of the huge growth of solar energy and electric vehicles sales worldwide, a report said Tuesday.
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