Rising investments in green energy, the speeding adoption of electric vehicles, and the slowing of investments in coal from China may mean that demand for fossil fuels peaks in the '20s
Russia’s invasion
of Ukraine has pushed many European powers to invest in alternative energy sources, including renewables. All of which suggests that the end of the “Golden Age of Gas” is nearing, and that investments in fossil fuels should slow. However, Birol warns that this development does not mean the end of global warming. Even by the IEA’s optimistic outlook, existing policy will not limitto 1.5°C, seen by many as a crucial measure to avoid the worst impacts of climate change.
While the IEA accepts some continued investment in fossil fuels will be necessary in the coming years to maintain energy security, it believes its projections should be a warning to investors around the world. “The peaks in demand we see based on today’s policy settings don’t remove the need for investment in oil and gas supply, as the natural declines from existing fields can be very steep,” said Birol. “At the same time, they undercut the calls from some quarters to increase spending and underline the economic and financial risks of major new oil and gas projects — on top of their glaring risks for the climate.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
It's Official: International Agency Marks 'Beginning of The End' of The Fossil Fuel EraFor the first time, world demand for oil, gas and coal is forecast to peak this decade due to the 'spectacular' growth of cleaner energy technologies and electric cars, the International Energy Agency's chief said Tuesday.
Les mer »
In photos: U of S welcome back powwow celebrates beginning of school yearThe University of Saskatchewan Welcome Back Powwow and Métis dance celebration took place on campus Tuesday.
Les mer »
Mid-Penn Conference football: Week 4 starts the beginning of divisional playA glance at this weekend's MPC high school football matchups
Les mer »
No. 14 LSU, Mississippi State open SEC play, with Tigers beginning West Division title defenseUnbeaten Mississippi State knows it must improve, entering a stretch of SEC games that could determine its chances of contending in the SEC West.
Les mer »
Kentucky hosts MAC member Akron in final non-league warm up before beginning SEC playKentucky had to rally past neighboring FCS foe Eastern Kentucky 28-17 and seeks a strong effort in its final non-conference game before opening SEC play at Vanderbilt.
Les mer »
| Martha McPhee turns a story of abuse into a new beginningIn her memoir “Omega Farm,” Martha McPhee explores her unusual and rocky childhood on a farm in New Jersey.
Les mer »