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IEA

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Energy agency praises green tech advances, pushes fossil fuel phase-out

Record growth in clean energy technology, including solar panels and electric vehicles, means it is still possible to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), the International Energy Agency (IEA) says. But the world needs to invest nearly $4.5 trillion per year in the transition to cleaner energy from the start of the next decade, up from spending of $1.8 trillion expected in 2023, the global energy watchdog added on Tuesday. Temperatures have hit record levels this year and global averages are 1.1C (2F) higher compared with the pre-industrial average.That compares with a goal set by the 2015 UN Paris Agreement to keep global temperature rises well below 2C, while pursuing efforts to limit them to 1.5C to prevent the most severe consequences of global warming, such as drought, floods and increased wildfires. Wealthy countries must now reach carbon neutrality about 2045, five years early, and China should speed up its timeline by a decade to 2050 to keep alive the Paris goal. “The world has already delayed too long to avoid hard choices,” the IEA said in an update to its Net Zero Roadmap, which proposes scenarios to reach net zero emissions by the middle of the century. The planet has already seen a crescendo of deadly and destructive extreme weather with the most vulnerable populations hit hardest. Despite this year’s extreme weather, politicians – mindful of the cost-of-living crisis and seeking re-election – have been backsliding on climate pledges. “Governments need to separate climate from geopolitics given the scale of the challenge at hand,” IEA Executive Director Fatih Birol said. https://www.google.com/amp/s/www.aljazeera.com/amp/news/2023/9/26/energy-agency-praises-green-tech-advances-pushes-fossil-fuel-phaseout

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  • Ann Nyambura

    38 w

    The transition to cleaner energy sources not only combats climate change but also offers economic opportunities, job creation, and environmental benefits.

    2
    • George Kariuki

      38 w

      The stakes are here high, as we're already witnessing the devastating impacts of extreme weather events on vulnerable populations.

      5
      • We Don't Have Time

        38 w

        Dear johnte ndeto Your climate love has received over 50 agrees! We have reached out to International Energy Agency by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        2
        • walter lungayi

          38 w

          It is clear that urgent action is needed to address the challenges of climate change. While it is encouraging to see progress in clean energy technology growth, the world needs to invest significantly more in the transition to cleaner energy. Governments must prioritize climate action and take steps to separate it from geopolitics in order to address this pressing issue.

          5
          • Rashid Kamau

            38 w

            Green techs can unlock new sources of value and lay out a growth path for sustainable economic development.

            4
            • Esther Wanjiku

              38 w

              The path to net zero is indeed possible

              14
              • johnte ndeto

                38 w

                The IEA pathway to net zero will also require an equitable transition, taking into account national circumstances and requiring advanced economies to reach net zero sooner than developing economies

                14

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