You can hear—and smell—them everywhere you go in the world’s poorest countries. Diesel-burning back-up generators wail through neighborhoods at all hours, cough noxious pollutants into the air, and account for a disproportionate amount of consumers’ spending on electricity.
Missed opportunities for tough action on the climate emergency mean emissions cuts must be much faster, UN warns.
The International Energy Agency (IEA) has predicted global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades.
The only realistic solution to the climate crisis is to replace fossil-fuel-based energy with renewables quickly and cost-effectively enough to keep the engines of economic growth running. A global carbon market would do just that.
Emissions from energy, industry, transport, buildings and agriculture in G20 nations all rose in 2018, despite most having both the technical expertise and economic incentives to lower them, a major report has concluded.
The news this month that the world’s largest banks still heavily finance fossil fuels, failed to respond to climate risks, and have yet to make substantial commitments to sustainable development hit hard. If they’re not going to finance the transition to a sustainable world, it’s not clear who would.
Private sector banks can play a pivotal role in financing the transition to a low-carbon, sustainable future — and they face growing political, market and social pressure to do so.
By 2050 two thirds of the world’s population will live in cities, and that infrastructure could be the key to managing the climate crisis, if we act now.
One of the biggest questions for policymakers, investors, and ordinary citizens is whether the development and adoption of clean-energy technologies will take place slowly or rapidly. There is ample evidence to suggest that it will happen quickly, and that those beholden to fossil fuels will soon be throwing good money after bad.
From the way we shop to the way we socialize, the internet affects nearly everything we do these days. This dramatic change in our way of life has been fueled by a handful of large tech companies, companies that are increasingly going all in on solar.
All around the world, power systems are changing fast. For example last year Denmark supplied 63% of its power demand from variable renewables (wind and solar PV) while last June Great Britain went a full 18 days without burning coal for power generation.
This joint tracking report provides the most comprehensive look available at the world’s progress towards global energy targets on access to electricity, clean cooking, renewable energy and energy efficiency.
This report, prepared jointly by the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA) and the Renewable Energy Policy Network for the 21st Century (REN21), identifies key barriers and highlights policy options to boost renewable energy deployment.
Renewable energy needs to be scaled up at least six times faster for the world to meet the decarbonisation and climate mitigation goals set out in the Paris Agreement, says Global Energy Transformation: A Roadmap to 2050.
Read more: https://www.cnbc.com/2018/02/23/cost-not-climate-is-driving-transition-to-renewables-blackrocks-jim-barry.html