The world is on an “unstoppable” shift towards renewable energy but the phase down of fossil fuels is not happening quickly enough, a new report says.
It praised the significant progress countries had made in expanding renewable energy and supporting consumers with the shift to electric vehicles and heat pumps instead of gas boilers.
It’s not a question of ‘if’, it’s just a matter of ‘how soon’ - and the sooner the better for all of us," said International Energy Agency (IEA) Executive Director Fatih Birol.
The report recognised that oil and gas would continue to play a role in the world’s economy and that maintaining investment was “essential”.
That compares with the pledge made in 2015 when political leaders agreed on limiting temperature rises to “well below” 2C and to make every effort to keep it under 1.5C, to avoid the most dangerous impacts of climate change.
But the IEA warned that it meant further uncertainty compounding an already unsettled global economy - Middle Eastern countries, such as Iran and Saudi Arabia - account for 67% of world oil reserves.
The original article contains 711 words, the summary contains 181 words. Saved 75%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The world is on an “unstoppable” shift towards renewable energy but the phase down of fossil fuels is not happening quickly enough, a new report says.
It praised the significant progress countries had made in expanding renewable energy and supporting consumers with the shift to electric vehicles and heat pumps instead of gas boilers.
It’s not a question of ‘if’, it’s just a matter of ‘how soon’ - and the sooner the better for all of us," said International Energy Agency (IEA) Executive Director Fatih Birol.
The report recognised that oil and gas would continue to play a role in the world’s economy and that maintaining investment was “essential”.
That compares with the pledge made in 2015 when political leaders agreed on limiting temperature rises to “well below” 2C and to make every effort to keep it under 1.5C, to avoid the most dangerous impacts of climate change.
But the IEA warned that it meant further uncertainty compounding an already unsettled global economy - Middle Eastern countries, such as Iran and Saudi Arabia - account for 67% of world oil reserves.
The original article contains 711 words, the summary contains 181 words. Saved 75%. I’m a bot and I’m open source!