Post by account_disabled on Feb 20, 2024 8:10:33 GMT
The World Energy Outlook (WEO) 2020 issued by the International Energy Agency ensures that solar energy is the “cheapest”. The 464-page publication describes the “extraordinarily turbulent” impact of COVID-19 and the “highly uncertain” future of global energy use over the next two decades. Reflecting this uncertainty, this year's version offers four paths to 2040, all with a significant increase in renewable energy. The IEA 's main scenario has 43% more solar production by 2040 than it expected in 2018, in part due to a detailed new analysis that shows that solar energy It is 20-50% cheaper than previously thought, comment Simon Evans and Josh Gabbatiss in Carbon Brief. Despite a faster rise in renewables and a “structural” decline in coal, the IEA says it is too early to declare a decline in global oil use unless there is stronger climate action. Similarly, it says gas demand could rise by 30% by 2040 unless the policy response to global warming is intensified. This means that while global CO2 emissions have indeed peaked, they are “far from the immediate peak and decline” needed to stabilize the climate. Achieving net-zero emissions will require “unprecedented” efforts from all sectors of the global economy, not just the energy sector. International Energy Agency.
or the first time, the IEA includes detailed modeling of a new net zero emissions scenario by 2050 (NZE2050). This scenario shows what would have to happen for CO2 emissions to fall up to 45% below 2010 levels by 2030 on the path to net zero by 2050, with a 50% chance of meeting with the limit of 1.5C. Future scenarios The IEA 's annual World Energy Outlook (WEO) arrives every autumn Europe Cell Phone Number List and contains some of the most detailed and closely scrutinized analyzes of the global energy system. Across hundreds of densely packed pages are thousands of data points and the IEA Global Energy Model. The publication includes different scenarios to reflect the uncertainty over the many decisions that will affect the future path of the global economy, as well as the route taken out of the coronavirus crisis during the "critical" next decade. The WEO also aims to inform policymakers by showing how they would need to change their plans if they want to adopt a more sustainable path. This year omits the “current policy scenario” which usually provides a baseline outlining a future in which no new policies are added to existing ones.
This is because "it is difficult to imagine this 'business as usual' approach prevailing under the current circumstances." Those circumstances are the unprecedented consequences of the coronavirus pandemic, which remains highly uncertain as to its depth and duration. The crisis is expected to cause a drastic decrease in global energy demand in 2020, with fossil fuels being the most affected. The main path of the report is again the “stated policy scenario” (STEPS). This shows the impact of the government's promises to go beyond the current policy baseline. However, it is crucial that the IEA makes its own assessment of whether governments are credibly meeting their targets. The report explains: STEPS is designed to take a detailed and dispassionate look at policies that are in place or announced in different parts of the energy sector. It takes into account long-term energy and climate objectives only to the extent that they are supported by specific policies and measures. In this way, it offers a mirror to the plans of current policymakers and illustrates their consequences, without questioning how these plans might change in the future.