<
https://www.carbonbrief.org/in-depth-russias-war-means-fossil-fuels-will-peak-within-five-years-iea-says/>
"Fossil fuel use will peak within five years, says the World Energy Outlook
2022 from the International Energy Agency (IEA).
The 524-page outlook says the global energy crisis and Russia’s war have
“turbo-charged” the shift away from fossil fuels.
For the first time, coal, oil and gas will each peak, even if countries fail to
meet their climate pledges. The report says this will be a “pivotal moment” in
history.
The findings pour cold water on “mistaken and misleading” ideas around the
global energy crisis. IEA executive director Dr Fatih Birol says the “clean
energy transition” is the “best way out” of the crisis. This can be a “historic
turning point” for climate action, he adds, rather than a setback.
Countries are moving to electrify heat and transport more quickly than they
were last year, the IEA says. It adds that “clean energy…is the big growth
story of this outlook”.
Global energy demand growth will “almost entirely” be met by renewables.
Moreover, global solar capacity will climb 18% higher by 2030 than expected
last year – and wind 14%.
Global carbon dioxide (CO2) emissions are now set to peak by 2025 at the
latest, the outlook says. As a result, the world would warm by 2.5C this
century, slightly less than the 2.6C the IEA expected last year.
Countries have also boosted the ambition of their climate pledges. These would
now limit warming to 1.7C if met in full, rather than 2.1C stated last year.
However, it is “easier to make pledges than to implement them”, the IEA says.
There is still a “long way to go” to align action with the 1.5C target."
Via
Future Crunch issue 189:
https://futurecrunch.com/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
