PARIS: The world must do much more to slash emissions if it is to defuse the climate change time bomb and deliver sustainable energy for a growing population, the International Energy Agency said on Wednesday .
If the aim is to go further and meet the Paris Agreement targets of limiting global warming, then governments will have to adopt"rapid and widespread changes across all parts of the energy system," the Paris-based IEA said. The 2015 Paris Agreement on Climate Change committed signatories - including the United States which has since withdrawn - to cap global warming at"well below" two degrees Celsius , and preferably to 1.5 Celsius, so as to limit the impact on the global ecosystem.
Under the plan, the share of fossil fuels in the energy mix would drop from 81 per cent last year to 58 per cent by 2040, compared with 78 per cent on current and 74 per cent on stated policies.Yet emissions from energy continue to rise, increasing 1.9 per cent in 2018, the largest jump since 2013, the IEA said.
But the rate of improvement actually slowed to 1.2 per cent in 2018, around half the average since 2010 and way short of the 3.0 per cent annually needed on the sustainable pathway.
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Source: The Straits Times - 🏆 8. / 63 Read more »
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