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vegassports-odds.com March 23, 2017


CO2 stable for 3rd year despite global growth

20 March 2017, 09:30 | Winston Chapman

The transition to cleaner energy is happening more quickly than expected. Souce IEA

The transition to cleaner energy is happening more quickly than expected. Souce IEA

The International Energy Agency said Friday that energy-related carbon dioxide emissions remained in a no-growth pattern for the third consecutive year in 2016, attributing the emerging trend to growth of renewable power, turnovers from coal to natural gas, improvements in energy efficiency and, to a lesser degree, growth in nuclear power.

Adnan Z. Amin, the director-general of IRENA, said that, with the right investment strategy, major new investments are needed, but those investments reflect a small portion of the global gross domestic product.

"Critically, the economic case for the energy transition has never been stronger". Climate change imperatives will change that, and disruption in the oilfields will provide more opportunities to bridge the gap between fossil fuel reliance and renewable energy sources that will drive more industry and more of the economy itself.

Some 90% of energy Carbon dioxide emission reduction can be achieved through expanding renewable energy deployment and improving energy efficiency, IRENA and IEA said.

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Globally, 32 gigatonnes (Gt) of energy-related Carbon dioxide were emitted in 2015.

The International Energy Agency and the International Renewable Energy Agency were asked to outline scenarios that would keep global average temperature increases below 2 degrees Celsius (3.6 degrees Fahrenheit), compared with preindustrial times. The organisation found energy intensity improvements will double.

Irena, which produced the study along with the International Energy Agency, said the share of renewable energy needs to increase to 65 percent of the primary energy supply in 2050, from about 15 percent in 2015. "We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonisation", says the report. Further jobs will also be created in the energy efficiency sector. Renewables need to account for the majority of power generation in 2050, based on continued rapid growth especially for solar and wind power in combination with enabling grids and new operating practices. Electric vehicles need to become the predominant auto type in 2050. Deployment of heat pumps must accelerate and a combined total of 2 billion buildings will need to be new built or renovated.

To change this outlook, the report calls for an energy transition of "exceptional scope, depth and speed" to be introduced that sees energy-related emissions peak before 2020, and then fall by 70%.



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