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October 13, 2021 The global clean energy transition is still too slow to meet climate commitments in what risks fueling increased price volatility. This is the warning from the International Energy Agency that failure to invest in clean energy could cause "turbulence" in the energy market. "We are not investing enough to meet future energy needs - said the executive director of the IEA Fatih Birol - and uncertainties are preparing the ground for an extremely uncertain period".
"Despite the progress, current climate commitments close less than 20% of the emissions gap between today's policy settings and a path to zero emissions in 2050," continues Birol, warning that "technologies and policies can bridge this gap by 2030. . Over 40% of the shares are profitable, such as renewable energy, efficiency and methane cuts ".
Two weeks after the opening of the United Nations COP26, the Agency therefore launches, in its annual report, "serious warnings on the direction that current policies are taking in the world".