-
No investment in new coal, oil, natural gas should be made: IEA
As per updated report to its Net Zero Roadmap published by International Energy Agency on Tuesday, the path to 1.5 ̊C has narrowed, but clean energy growth is keeping it open. As per the roadmap, there is no need for investment in new coal, oil and natural gas.
Global carbon dioxide (CO2) emissions from the energy sector reached a new record high of 37 billion tonnes (Gt) in 2022, 1% above their pre-pandemic level, but are set to peak this decade.
The speed of the roll-out of key clean energy technologies means that the IEA now projects that demand for coal, oil and natural gas will all peak this decade even without any new climate policies.
Positive developments over the past two years include solar PV installations and electric car sales tracking in line with the milestones set out for them in the IEA’s 2021 Net Zero by 2050 report
Growth in clean energy is the main factor behind a decline of fossil fuel demand of over 25% this decade in the NZE Scenario.
Tripling global installed renewables capacity to 11 000 gigawatts by 2030 provides the largest emissions reductions to 2030 in the NZE Scenario
Share This
