The global transition to global energies has now become irreversible. It will reach its peak before 2030, marking an undeniable, constrained and forced step forward in the fight against climate change.
The end of fossil fuels is well on the horizon. As the International Energy Agency (IEA) believes, the share of renewable energies should reach 50% of global energy production by 2030. CO emissions2, they will peak in 2025. Wind and solar energy are well on the way to dethroning fossil fuels by becoming less expensive. In fact, the transition to energy is well underway, and for the IEA, nothing should be able to stop it from now on. In other words: it is irreversible. So much the better, right?
After reaching their peak during this decade, fossil fuels are expected to lose ground
The International Energy Agency indicates in its global energy outlook for 2023 that global energy production from fossil fuels is expected to decline by 73% by 2030. At the same time, that of renewable energies will continue. to gain ground.
The demand for coal, gas and oil will reach its peak during the current decade. This is the first time the IEA has made such predictions. Governments of many powers plan to significantly increase the deployment of renewable energy. It is indeed essential to electrify all sectors, from transport to heating and cooling systems, to reduce pollution.
This will result in vast changes. Electric heat pumps will overtake fossil fuel boilers by the end of the decade. The adoption of electric vehicles continues, with 1 in 5 cars now sold, compared to only 1 in 25 in 2020. All of this is encouraging progress that the IEA believes in, in the wake of the Paris Agreement.
The International Energy Agency fears a temperature rise of 2.4°C over this century, if nothing is done
Despite significant progress, the International Energy Agency highlights the need to accelerate the transition, precisely to meet the objective of limiting warming to 1.5°C. Because she fears that the temperature rise will reach 2.4°C during this century. The authority encourages countries to immediately triple their renewable energy capacity and investments in developing economies.
In her report, she also reveals the risk of an overabundance of fossil gas, despite global climate objectives. The surge in liquefied natural gas projects since Russia’s invasion of Ukraine could add capacity equivalent to half the world’s supply by 2030. This would greatly undermine efforts to reduce emissions.
World leaders are due to meet in December in Dubai for the COP 28, the United Nations climate summit. A deal to phase out fossil fuels could be on the table. International cooperation will in any case be essential to achieve this objective as quickly as possible. The transition to clean energy is underway, but there is still work to be done to build a sustainable future for future generations.
Source : IEA
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