Friday, December 1 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
Week of Oct 30
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Climate: 1.5 C goal still 'open,' but more spending needed

    September 26, 2023 - Deutsche Welle World


      Limiting global warming to 1.5 degrees Celsius is still possible thanks to a surge in clean energy, the International Energy Agency said, but almost all countries have to accelerate their efforts.A record growth in clean energy technology — including solar panels and electric vehicles — is keeping the world's climate targets in reach, the International Energy Agency (IEA) said on Tuesday. "The pathway to 1.5 C (2.7 degrees F) has narrowed in the past two years, but clean energy technologies are keeping it open," IEA director Faith Birol said. The global energy watchdog also added that the world would need to invest close to $4.5 trillion (€4.25 trillion) per year in the transition to cleaner energy from the dawn of the next decade — a hike from the $1.8 trillion that are expected to be spent in 2023. The latest report is an update to IEA's crucial 2021 "Net-Zero Roadmap," which proposes scenarios to reach net zero emissions by the middle of the century. The agency now sees progress in the form of record growth in solar power capacity and electric car sales. Separate climate from geopolitics, IEA says The IEA also called on wealthy and developing nations to significantly improve their net-zero targets. It said that rich countries must now reach carbon neutrality in around 2045 — five years earlier than current plans. China should speed up by a decade to 2050 to keep to the Paris Agreement goal of limiting warming to 1.5 degrees C above pre-industrial levels, the watchdog said. "The world has already delayed too long to avoid hard choices," it said. Despite the extreme weather conditions the world witnessed this year, politicians have been lapsing on climate pledges, mindful of the cost-of-living crisis and seeking re-election. "Governments need to separate climate from geopolitics, given the scale of the challenge at hand," Birol said. dvv/fb (AFP, Reuters)

      The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.