Last year the IEA said there was"no clear peak in sight" in energy emissions, but the new higher investment in wind and solar is setting up demand for all fossil fuels to peak or plateau, leading to a drop in emissions.
On Russia, the IEA said the country, which is the world's largest fossil fuel exporter, will never regain the share of the global energy supply mix it had before its invasion of Ukraine. Russia's supply of internationally traded energy will fall to 13% by 2030 from about 20% in 2021, the IEA projects.
"The global energy crisis triggered by Russia's invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system," the IEA said in its annual World Energy Outlook report. Overall, the share of fossil fuels in the global energy mix in the IEA's stated policies scenario falls from around 80% to just above 60% by 2050.Oil & gas markets are facing major uncertainties amid today's geopolitical upheavalRead more: https://t.co/xIaOetc4WN pic.twitter.com/NXzYLCdYKbThe IEA also has a scenario to arrive at zero net emissions in 2050, which is seen as necessary to hit the 1.5C warming target enshrined in the Paris Climate Agreement.
Struggling areas around Dublin, also see some of the highest fuel price hikes thanks to circlekireland and FineGael fiannafailparty. They really are all in it together! Budget Buddy failures Paschald mmcgrathtd are completely ineffective and clearly endorse pump hikes too
More likely the peak in eco cult hot air emissions as more and more feel the pain.
We’ll be done with fossil fuels within a generation.
Fossil fuel emissions up only 1% in 2022....Same as 2008...