PARIS: Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a cle...
: Rich and developing nations alike must sharply improve their net-zero targets, the International Energy Agency said Tuesday, warning that a clean energy surge was the main reason the world's climate goals are still within reach.
The energy sector is “changing faster than many people think”, the IEA said, adding that together these clean energy technologies are projected to deliver a third of the emissions reductions needed by 2030. Even a small delay in ramping up emissions cuts beyond the current pledges “would cause global temperature to exceed 1.5C for almost 50 years”, the report warned.
And it warned that if the world's current oil and gas fields and coal plants operate to the end of their lifespans, the world would significantly overshoot its CO2 budget to stay within 1.5C.
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