Limiting the global temperature rise to 1.5°C by 2050 will require countries around the world to accelerate their efforts towards the energy transition “without delay” and scale up the development of clean energy resources at unprecedented levels, a new report has said. Reaching net zero by mid-century means CO2 emissions must decline 3.5% year-on-year, on average – a rate that is “achievable but extremely challenging,” requiring action on multiple fronts, the analysis from the International Renewable Energy Agency (IRENA) said.
Current 18th March 2021 read more »
A decline of investment in fossil fuels is on the cards, as show in a new report from the Centre for Climate Finance & Investment at Imperial College Business School, written in partnership with the International Energy Agency (IEA). According to the report, renewable power saw significantly higher total returns over the past ten years. It claims annualised volatility was lower than fossil portfolios in both global and advanced economies, but higher than fossil in China and ’emerging markets and developing economies’.
Renew Economy 19th March 2021 read more »
Is there a dark side to green energy? In our race to save the climate, a new book claims that we are destroying the environment and starting a new war over natural resources. Guillaume Pitron, a French journalist and documentary-maker who reports on the global commodities trade, and has now written a book, The Rare Metals War. ‘Magnetic, catalytic, optical. You cannot do the green energy revolution without them.’
Telegraph 18th March 2021 read more »