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Tag: Oil & Gas Industry

World shift to clean energy is unstoppable, IEA report says

World shift to clean energy is unstoppable, IEA report says

Education, International, Science & Technology
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. The International Energy Agency, the global energy watchdog, predicted renewables would provide half of the world's electricity by 2030. But it warned that emissions were still too high to prevent temperatures rising above a key threshold of 1.5C. And the report said investment in fossil fuels needed to be cut in half. What is net zero and how are the UK and other countries doing?Record surge in days over key 1.5C warming limit The Paris-based energy agency's report, released on Tuesday, was not all doom and gloom. It praised the significant progress countries had made in expanding renewable energy and supporting consumers wi...

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