IEA’s Fatih Birol says uptake of solar power and EVs is in line with net zero goal but rich countries must hasten their broader plans
The prospects of the world staying within the 1.5C limit on global heating have brightened owing to the “staggering” growth of renewable energy and green investment in the past two years, the chief of the world’s energy watchdog has said.Agency, and the world’s foremost energy economist, said much more needed to be done but that the rapid uptake of solar power and electric vehicles were encouraging.
“Despite the scale of the challenges, I feel more optimistic than I felt two years ago,” he said in an interview. “Solar photovoltaic installations and electric vehicle sales are perfectly in line with what we said they should be, to be on track to reach net zero by 2050, and thus stay within 1.5C. Clean energy investments in the last two years have seen a staggering 40% increase.
The report found “almost all countries must move forward their targeted net zero dates”, which for most developed countries are 2050 – though some have closer dates, such as Germany with 2045 and Austria and Iceland with 2040 – and for many developing countries are much later, at 2060 in the case of China, and 2070 in India’s case.this November and December, offered a key opportunity for countries to set out tougher emissions-cutting plans, Birol said.
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