• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
Repsol Abandons Plan to Ship Canadian LNG to Europe March 17, 2023
Biden Approves $8B Oil Extraction Plan in Ecologically Sensitive Alaska March 14, 2023
U.S. Solar Developers Scramble after Silicon Valley Bank Collapse March 14, 2023
$30.9B Price Tag Makes Trans Mountain Pipeline a ‘Catastrophic Boondoggle’ March 14, 2023
UN Buys Tanker, But Funding Gap Could Scuttle Plan to Salvage Oil from ‘Floating Time Bomb’ March 9, 2023
Next
Prev

World makes haste too slowly on cutting energy use

October 16, 2020
Reading time: 3 minutes
Primary Author: Kieran Cooke

 

The annual report card on the global energy industry says progress towards lower energy use must be much faster.

LONDON, 16 October, 2020 – The world is dragging its feet on efforts to tackle the climate crisis by reducing its energy use, according to a global watchdog.

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

In its World Energy Outlook 2020, the lnternational Energy Agency (IEA) says that while emissions of carbon dioxide (CO2, the main climate-changing greenhouse gas), are falling, the reduction needs to be far steeper to make any meaningful impact.

“Despite a record drop in global emissions this year, the world is far from doing enough to put them into decisive decline”, says Fatih Birol, the IEA’s executive director.

The Agency says energy demand is set to drop by 5% in 2020, with an overall decline of 7% in emissions of CO2 from the global energy sector. This means that annual emissions of CO2 are back to where they were a decade ago, the report says.

Oil demand this year is likely to be down by 8%, while coal use will fall by 7%.

“Solar projects now offer some of the lowest-cost electricity ever seen”

That’s the headline good news: the bad news is that emissions of methane – among the most potent of greenhouse gases – are rising, says the report.

Total global investment in the energy sector is also falling dramatically, and is set to be down 18% year on year.

That means that despite the rise of renewable energy, particularly of solar power, governments, utilities and corporations around the world are still not spending enough to bring about a major transition in energy use – and to meet the challenge of catastrophic climate change.

“Only an acceleration in structural changes to the way the world produces and consumes energy can break the emissions trend for good”, says the IEA.

Problem grids

While hydropower is still the leading source of renewable power, solar is described as the new king of electricity.

“With sharp cost reductions over the past decade, solar PV [solar photovoltaic energy] is consistently cheaper than new coal- or gas-fired power plants in most countries, and solar projects now offer some of the lowest-cost electricity ever seen.”

A major problem is that as solar and wind projects are installed and expanded, other parts of the energy sector also need to be developed, particularly infrastructure associated with electricity grids.

In many parts of the world energy utilities are in severe financial straits and have little or no money to maintain or invest in achieving more efficiencies and in infrastructure.

“Electricity grids could prove to be the weak link in the transformation of the power sector, with implications for the reliability and security of electricity supply”, says the IEA.

Covid-19’s effects

The report says it’s not just the energy industry that has to change. “To reach net-zero emissions, governments, energy companies, investors and citizens all need to be on board – and will all have unprecedented contributions to make.”

The Covid crisis is a major factor in assessing the global energy outlook.

The pandemic, says the IEA, has caused more disruption in the energy sector than any other event in recent history, with impacts for years to come.

“It is too soon to say whether today’s crisis represents a setback for efforts to bring about a more secure and sustainable energy system, or a catalyst that accelerates the pace of change”, the report says. – Climate News Network



in Climate News Network

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

U.S. Geological Survey/wikimedia commons
Biodiversity & Habitat

Climate Change Amplifies Risk of ‘Insect Apocalypse’

December 1, 2022
47
Alaa Abd El-Fatah/wikimedia commons
COP Conferences

Rights Abuses, Intrusive Conference App Put Egypt Under Spotlight as COP 27 Host

November 14, 2022
27
Western Arctic National Parklands/wikimedia commons
Arctic & Antarctica

Arctic Wildfires Show Approach of New Climate Feedback Loop

January 2, 2023
32

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

David Dodge, Green Energy Futures/flickr

U.S. Solar Developers Scramble after Silicon Valley Bank Collapse

March 14, 2023
484
Environmental Defence Canada/flickr

Repsol Abandons Plan to Ship Canadian LNG to Europe

March 18, 2023
251
Joshua Doubek/Wikipedia

No New Jobs Came from Alberta’s $4B ‘Job Creation’ Tax Cut for Big Oil

October 6, 2022
853
Rebecca Bollwitt/flickr

Fossils Stay ‘Oily’, Gibsons Sues Big Oil, U.S. Clean Energy Booms, EU Pushes Fossil Phaseout, and Fukushima Disaster was ‘No Accident’

March 14, 2023
217
Behrat/Wikimedia Commons

Hawaii Firm Turns Home Water Heaters into Grid Batteries

March 14, 2023
474
NTSB

Ohio Train Derailment, Toxic Chemical Spill Renews Fears Over Canada-U.S. Rail Safety

March 8, 2023
1.4k

Recent Posts

U.S. Bureau of Land Management/flickr

Biden Approves $8B Oil Extraction Plan in Ecologically Sensitive Alaska

March 14, 2023
132
EcoAnalytics

Canadians Want Strong Emissions Cap Regulations, Not More Missed Targets

March 14, 2023
141
U.S. National Transportation Safety Board/flickr

$30.9B Price Tag Makes Trans Mountain Pipeline a ‘Catastrophic Boondoggle’

March 14, 2023
256
Raysonho/wikimedia commons

Purolator Pledges $1B to Electrify Last-Mile Delivery

March 14, 2023
91
United Nations

UN Buys Tanker, But Funding Gap Could Scuttle Plan to Salvage Oil from ‘Floating Time Bomb’

March 10, 2023
98
Gage Skidmore/Wikimedia Commons

Biden Cuts Fossil Subsidies, But Oil and Gas Still Lines Up for Billions

March 10, 2023
192
Next Post

New 'Solar Skin' Could Power Headphones

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}