Emily Beament, Gibraltar Chronicle
Summary
Governments must make decisions “as of today” to drive the world towards clean energy in a bid to cut carbon emissions and improve air quality, the International Energy Agency has said.
The latest World Energy Outlook from the IEA reveals that more than 70% of global energy investments will be government-driven, so it is up to officials to craft the right policies and incentives to clean up energy supplies.
Under current and planned policies announced by governments, carbon emissions continue to rise, while energy demand is set to grow by more than 25% by 2040 – which will need two trillion US dollars (£1.5trn) a year in investments.
The share of renewables in generating power will rise to more than 40% by 2040, the IEA suggests, up from 25% today – although coal will remain the largest source of electricity, followed by gas.
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