International.
Renewables and natural gas are the big winners in the race to meet energy demand by 2040. The information was released in world energy outlook, the publication of the International Energy Agency.
According to the IEA, detailed analysis of commitments to the Paris Agreement shows that the fossil fuel era is far from over, calling for bolder challenges to reach the target.
Despite this, government policies, as well as cost reduction across the energy sector, allow for a doubling of renewables and improved energy efficiency over the next 25 years. Natural gas continues to expand its role, while coal and oil reserves are retreating. According to Fatih Birol, executive director of the IEA, there is no single story about the future of global energy. In practice, he said, government policies will determine where we're going to go.
The publication says that the transformation of the global energy matrix means that risks to energy security are also evolving. Traditional concerns about oil and gas supply continue and are reinforced by declining investment levels. The report shows that one more year of oil investment would create a significant risk of insufficient new conventional supply within a few years. The gas market is also changing, with LNG's share surpassing pipeline and growing for more than half of the global long-distance gas trade.
Greenpeace criticizes some points of the report produced by the IEA, noting that climate extremes and droughts are becoming more common, motivating governments to suspend all new fossil fuel projects and urgently shift investment to wind and solar efficiency. For Harri Lammi, activist of Greenpeace East Asia, the IEA must focus on accelerating the most efficient technologies, such as solar photovoltaic and wind, and get out of the equation in which investments in water-intensive coal and natural gas are necessary. carbon and nuclear energy capture and storage.
Source: CanalEnergia.
