The maximum consumption of fossil fuels will be reached in this decade, but It will no longer arrive in time to avoid global warming of 2.4 degrees Celsius.The International Energy Agency (IEA) warned this Tuesday.
In a report, the IEA recalled that the accumulated warming so far is already around 1.2 degrees and is expected to double by the end of the century with the current dynamics.
This is despite the fact that the transition to clean energy is underway and the only question is how long it will take to come to fruition, highlighted the agency’s executive director, Fatih Birol.
The IEA admitted that it still considers “Possible, but very difficult”, to limit global warming to 1.5 degreesthe goal that the international community established with the Paris Agreement in 2015.
The agency stressed that complying with This goal would require a much greater reduction in the use of fossil fuels.
Although peak coal consumption has already been reached and peak oil and natural gas consumption is expected to occur this decade, Fossil fuels will continue to represent around 73% of global energy demand in 2030.
On the other hand, the IEA highlighted that The transition to electric cars is happening faster than expected and predicted that 40% of cars sold in 2030 will be powered by electricity.
The agency also said it believes that, By the end of the decade, renewable energies will represent 80% of new electricity production capacity.and solar energy represents more than half.
Annual policies allow the installation of solar panels with the capacity to produce 500 gigawatts per year, but the IEA has guaranteed that the world could manufacture and install solar panels with the capacity to produce 1,200 gigawatts per year by 2030.
That is, by strengthening electrical networks and electricity storage, much more production from renewable sources could be integrated, which would more quickly reduce the use of fossil fuels, especially coal and especially in China.
China, which in the last decade absorbed almost two-thirds of the additional demand for oil and a third of the demand for gas, in addition to being the main consumer of coal, is now a clean energy powerhouse, the agency highlighted.
Demand for fossil fuels and associated emissions will begin to decline from 2025, with India driving energy consumption growth, followed by Southeast Asia and Africa.
The IEA argued that, to reduce the use of fossil fuels, it will be crucial to find financing for the development of low-emission technologies in these regions.
Source: TSF
