International Energy: The transition to clean energy is too slow and will exacerbate global warming

Amman - The International Energy Agency warned today, Wednesday, that the transition to clean energy is very slow, expecting that the world will suffer from global warming as well as from disruptions in energy markets, unless investments are made faster in clean energies.

The International Energy added that there will be turmoil in the current energy markets in the event of procrastination in employing quick investments in this field, and in the event that the countries of the world do not fulfill their commitments regarding the climate and its preservation, especially the problem of global warming, according to the Agence France-Presse website.

In its annual report, the agency issued serious warnings about the direction that current policies impose on the world to follow, and these warnings came two weeks before the opening of the 26th session of the Conference of the Parties on Climate (COP26) to be held in the Scottish capital, "Glasgow". The agency said that the world is currently witnessing a new type of economy as a result of the use of batteries, hydrogen and environmentally friendly electric cars, but this economy is being met with resistance as a result of continuing to use climate pollutants and gaseous emissions, especially fossil fuels, as oil, gas and coal still constitute 80 percent of energy consumption. What causes three-quarters of the climatic imbalance to be generated.

She pointed out that if countries adhere to policies and procedures to control global warming, greenhouse gas emissions will decrease by only 20 percent by 2030.

The Director of the International Energy Agency, Fatih Birol, indicated that investments in carbon-neutral energy projects must increase threefold within ten years in order to achieve carbon neutrality by 2050.

It is noteworthy that the International Energy Agency is an international organization, affiliated with the Organization for Economic Cooperation and Development, and works in the field of research, development and marketing of energy technology and its uses. -- (Petra)