FRANKFURT, Germany (AP) – The International Energy Agency is urging governments to make stronger commitments to cutting greenhouse gas emissions at the upcoming United Nations climate summit, warning that the world is on track to meet environmental targets. and new investment in clean energy is needed to “shock the energy system onto a new set of rails.”
Considerable progress has been made in moving away from fossil fuels by relying on more wind and solar power, while electric vehicle sales are setting records, the Paris-based international organization said in its annual World Energy Outlook on Wednesday.
But the economic rebound from the COVID-19 pandemic has also seen an increase in coal and oil use, the report said, as well as a jump in emissions. Burning fossil fuels produces carbon dioxide, the main greenhouse gas that scientists attribute to climate change.
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“The world’s extremely encouraging clean energy momentum is going against the stubborn power of fossil fuels in our energy systems,” said Fatih Birol, executive director of the 30-nation IEA.
The summit needs to give governments “a clear and unmistakable signal that they are committed to rapidly advancing the clean and resilient technologies of the future. The social and economic benefits of accelerating the clean energy transition are enormous, and there is a need for inaction.” The cost is too high.”
The report said the recovery is putting major pressure on parts of the energy system, leading to sharp increases in the prices of natural gas, coal and electricity as energy demand around the world regains ground lost during the pandemic last year. determined to receive.
Electricity demand, particularly in Asia, had “returned”, leading to an increase in the use of coal-fired plants. According to the report, if investment in new sources of energy does not increase, then such an energy crisis can cause more disruption in the coming times.
Delegates from more than 200 countries will gather in Glasgow, Scotland, from 31 October to 12 November for the 26th United Nations Climate Change Conference, known as COP26, to help cut or increase emissions that contribute to climate change. New targets to prevent can be discussed. .
The goal under the 2015 Paris climate agreement is to limit the increase of global temperature to below 2 °C (35 °F) above pre-industrial levels, while pursuing efforts to limit the increase to 1.5 °C.
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The United Nations Scientific Committee on Climate Change has said that emissions should be reduced to zero – when balanced by removing greenhouse gases from the atmosphere – to reach a 1.5-degree limit by 2050.
Birol said current pledges from governments would result in only a 20% reduction by 2030 needed to reach net zero emissions by 2030. He said investment in clean energy and infrastructure would have to triple over the next decade “to shock the energy system”. New set or rail. Much of that spending will have to come from emerging and developing economies, where financing may be scarce and those still facing a public health crisis.
According to the agency, there was only one “narrow but achievable” path to net zero.
Financial think tank Carbon Tracker Initiative said the report was “genuine guidance on managing the climate crisis” but cautioned that “it is overly cautious about declining renewable energy costs and growth rates around the world.”