The International Energy Agency warns of the slowness of the energy transition

Oil, gas and coal still make up 80% of final energy consumption, generating three quarters of climate change.

© AP / Olivia Zhang

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The transition is too slow

 ": the world will suffer from global warming but also " 

turbulence 

" in terms of supply, if it does not invest more massively and rapidly in clean energies, the Agency warned on Wednesday (October 13th). Energy International (IEA).

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The agency issues " 

serious warnings to the direction the world is taking

 " in its annual report published two weeks before the opening

of the UN COP26 in Glasgow.

 A " 

new economy is emerging

 ": batteries, hydrogen, electric vehicles ..., she notes.

But all this progress is countered by " 

the resistance of the status quo and fossil fuels

 ": oil, gas and coal still form 80% of final energy consumption, generating three quarters of climate change.

► 

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To date, states' climate commitments, if fulfilled, will only allow 20% of the greenhouse gas emission reductions needed by 2030 to keep warming under control.

"

 Investments in carbon-free energy projects will have to triple within ten years, for carbon neutrality by 2050 

", summarizes the director of the IEA, Fatih Birol.

While the Covid crisis has halted progress in electrification, particularly in sub-Saharan Africa, funding for emerging countries is key, while they must equip themselves while avoiding coal-fired power plants in particular.

Voltage on demand

The organization, an offshoot of the OECD responsible for supporting many countries, offers three scenarios for the future.

In the first, states continue as they do today: clean energies are developing, but rising demand and heavy industry are keeping emissions at current levels.

The warming reached 2.6 ° C compared to the pre-industrial level, far from the 1.5 ° C guaranteeing manageable impacts.

Or, the States apply their commitments, in particular carbon neutrality for more than 50 of them including the European Union.

Demand for fossils peaks in 2025 (via energy efficiency and an electric car boom).

The temperature rise remains at 2.1 ° C.

► 

Also to listen: 

Fossil energies: the detoxification cure will be long

The third option is carbon neutrality, to stay below 1.5 ° C, " 

which will require major efforts but offers considerable health benefits such as economic development, 

" says the IEA.

The additional financing required " 

is less heavy than it seems

 ", she adds: 40% of emissions reductions " 

pay for themselves

 ", through energy efficiency, the fight against methane leaks or solar or wind farms where these technologies are already the most competitive.

The IEA also stresses that the current general investment deficit affects not only the climate but also prices and supply, a promise of " 

turbulence 

" as the world is experiencing today with post-Covid tensions on energy fossils.

(With

AFP

)

► 

See also: COP15: Xi Jinping promises more than 200 million for a biodiversity protection fund

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  • Energies

  • Climate change

Keywords: energies, warming, terms, transitionoil, world, international energy agency, transition, energy consumption, energy transition, supply, turbulence, slowness, climate, coal, states