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The International Energy Agency calls for rapid investment in renewable energies


Paris, SANA- The International Energy Agency has warned against the slow transition to clean energy, expecting the world to suffer from


The International Energy Agency has warned of the slow transition to clean energy, expecting the world to suffer from global warming and disruptions in energy markets unless investments are made faster in these energies.

AFP quoted the agency as saying in its annual report, which was published two weeks before the opening of the 26th session of the Conference of the Parties on Climate (COP26) in Glasgow, that there are serious warnings about the direction that current policies impose on the world to follow, pointing out that there is a new economy emerging through batteries and hydrogen. And electric cars But all this progress is met with resistance from the current status quo and fossil fuels.

She added that oil, gas and coal still constitute 80 percent of energy consumption and generate three quarters of the climate imbalance, pointing out that if countries' commitments on climate are met, this will allow to reduce greenhouse gas emissions by only 20 percent by 2030.

For his part, Agency Director Fatih Birol indicated that investments in carbon-neutral energy projects must triple in ten years in order to achieve carbon neutrality by 2050.

Source: sena

All business articles on 2021-10-13

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