FRANKFURT, Germany (AP) – The International Energy Agency urges governments to make stronger commitments to reduce greenhouse gas emissions at an upcoming United Nations climate summit, warning that the The world is not on track to meet environmental goals and that new investment in clean energy was needed to ‘put the energy system on a new set of rails’.
The Paris-based international organization said in its Wednesday annual world energy outlook that great strides have been made to move away from fossil fuels by relying more on wind and solar power, while electric vehicles are setting sales records.
But the economic rebound from the COVID-19 pandemic has also seen an increase in the use of coal and oil, according to the report, as well as a jump in emissions. Burning fossil fuels produces carbon dioxide, the main greenhouse gas that scientists blame for climate change.
“The hugely encouraging global dynamics for clean energy collide with the stubborn occupation of fossil fuels in our energy systems,” said Fatih Birol, executive director of the IEA of 30 countries.
The governments present at the summit were to “give a clear and unequivocal signal that they are determined to rapidly develop the clean and resilient technologies of the future. The social and economic benefits of accelerating clean energy transitions are enormous and the costs of inaction are immense. . “
The report says the recovery is straining parts of the energy system, causing prices for natural gas, coal and electricity to rise sharply as global energy demand is expected to regain ground lost last year during the pandemic.
Electricity demand, in particular, had “rebounded” in Asia, leading to an increase in the use of coal-fired power plants. The report.
Representatives from more than 200 countries will gather for the 26th United Nations Climate Change Conference, known as COP26, from October 31 to November 12 in Glasgow, Scotland, to discuss new targets to reduce or curb climate change. growth in emissions that contribute to climate change.
The goal of the 2015 Paris climate agreement is to limit the rise in global temperatures to well below 2 degrees Celsius (35 degrees Fahrenheit) above pre-industrial levels, while continuing efforts to limit the rise at 1.5 degrees.
The UN scientific committee on climate change has said emissions must be reduced to net zero – when greenhouse gases are offset by their removal from the atmosphere – by 2050 to reach the limit of 1 , 5 degree.
Birol said current government commitments would result in only 20% of the reduction by 2030 needed to reach net zero emissions by 2050. He said investments in clean energy and infrastructure are expected to triple over the course of of the next decade new set or rails. Most of this spending is expected to come from emerging and developing economies, where funding may be scarce and which still face a public health crisis.
According to the agency, there was only a “narrow but doable” path to net zero.
Financial think tank Carbon Tracker Initiative said the report was “real guidance on dealing with the climate crisis,” but warned that “it remains overly cautious about falling renewable energy costs and declining rates. growth in the world “.
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