Paris 2030? Unattainable goal. The IEA report
As oil giants make deals to increase their profits, the goal of reducing temperature rise is getting further and further away. According to World Energy Outlook 2023 of the International Energy Agency (Iea), at present, the demand for fossil fuels it is destined to remain too high to maintain the objective of limiting the increase in global average temperature to 1.5 °C.
The report highlights the fact that i natural gas markets they were dominated by security fears and price surges after Russia cut supplies to Europe and market balances remained precarious. But an unprecedented surge in new projects liquefied natural gas (LNG), which will come online from 2025, is set to add more than 250 billion cubic meters per year of new capacity by 2030, equivalent to approximately 45% of the current global supply of LNG.
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The sharp increase in capacity, as he writes Rai Newswill reduce prices and worries about gas supplybut it also risks creating an oversupply, given that the growth of global gas demand has slowed down significantly compared to the 2010s. As a result, Russia will have a very limited opportunity to expand its customer base.
His share of gas marketed internationally, which was 30% in 2021, is expected to fall to half by 2030. According to the report’s projections, the China’s total energy demand will reach its peak around the middle of this decade, while the continued dynamic growth of clean energy will decrease the Asian country’s demand for fossil fuels and emissions.
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“Taking into account the tensions and volatility characterizing traditional energy markets today, claims that oil and gas represent safe choices for the world’s energy and climate future appear weaker than ever.” This was stated by the executive director of the International Energy Agency (IEA) Fatih Birol.
“The transition to clean energy is happening around the world and is unstoppable,” he added Birol -. It’s not a question of ‘if’, but ‘how soon’, and the sooner the better for all of us. Governments, companies and investors must support the clean energy transition rather than hinder it. The benefits offered are immense, including new industrial opportunities and jobs, energy security, cleaner air, universal access to energy and a safer climate for all.”
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