<
https://reneweconomy.com.au/solar-and-batteries-steal-the-show-but-world-needs-more-renewables-quickly-to-meet-1-5c-target/>
"The International Energy Agency has highlighted the falling cost of solar and
lithium battery technology in its latest
World Energy Outlook, which points
to a surge in renewable energy deployments, an imminent peak for fossil fuels
but still a shortfall in the deployments needed to meet crucial 1.5°C climate
goals.
The
WEO, released on Wednesday, points to an increasingly complex political
and technology outlook, with wars in the Middle East and Ukraine and political
divisions over key energy policies in many countries, particularly the US, that
account for half of the world’s energy use.
The IEA says the global troubles underline the need for an accelerated
transition to clean energy, for the sake of prices and energy security.
The good news, however, is that renewable deployment is already surging, led of
course by China, and is getting within reach of the trebling of capacity by
2030 sought from the most recent global climate talks. The IEA says wind and
solar hold the key to reaching those targets.
But electricity demand is also surging, driven by the electrification of
transport and industry, the growth of data centres, and also of heat-waves
driven by the very climate change that the transition to renewables is seeking
to address.
That means that while the current growth in renewables will bring coal, gas and
oil consumption to a peak this decade, it is still not enough to bring down
emissions fast enough to meet the critical 1.5°C target. Based on current
rather than intended policies, the world is heading to 2.4°C, and scientists
say that could still be catastrophic.
The IEA’s annual
WEO is one of the landmark annual publications in the energy
world, even though the organisation is regularly criticised for failing to
recognise the speed of the transition to renewables and EVs."
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
