Renewable energies, green hydrogen and modern bioenergy could be consolidated realities by 2050, but action must be taken as soon as possible if we are to achieve the important goal of the Paris Agreement.
He is about to end up run over, his mother saves himThe energy transition is not that far off. Renewable energies, green hydrogen and modern bioenergy could become established realities by 2050. And adopting these sustainable alternatives is key to reducing levels of global warming. so as not to exceed the 1,5 degrees Celsius threshold, the ambitious goal of the Paris Agreement,. But there are still many efforts to be made worldwide to achieve the climate neutrality, as highlighted in the World Energy Transitions Outlook report, just published, of theInternational Renewable Energy Agency (IRENA).
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We can no longer waste time or we will lose the race for zero emissions
"The window of opportunity to reach the 1,5 degree Paris Agreement target is closing quickly." - explains the Director General of IRENA Francesco La Camera - “Recent trends show that the gap between where we are and where we should be is not decreasing, but increasing. We are going in the wrong direction. We need a drastic acceleration of energy transitions to make a significant turnaround. Time will be the most important variable to measure our efforts ”.
The "1,5 ° C path" sees global power dominated by renewable energy tripling in 2050. According to the IRENA report, demand for natural gas is expected to peak around 2025, becoming the largest fossil fuel, while the use of fossil fuels, particularly oil and coal, is set to decline by more than 75% over the same period.
But the way to an effective energy transition is still long and tortuous, even if - fortunately - not impossible.
“Although the path is daunting, several favorable elements can make it feasible” - explains Francesco La Camera. “Major economies that account for more than half of global CO2 emissions are becoming carbon neutral. Global capital is also on the move. We see financial markets and investors shifting capital into sustainable assets. Covid-19 highlighted the cost of tying economies to fossil fuels and confirmed the resilience of renewable energy. As governments pump huge sums into bailouts and recovery plans, investments must support the energy transition. It is time for action and countries can lead the way with policies for a climate-safe, prosperous and just energy system, suitable for the 21st century ”.
Source: IRENA
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