A New Global Energy Economy is being Created ‘, stated Fatih Birol, Head of the

Renewable energy investments must triple by the end of the decade if global climate promises are to be complied with, the international energy agency (IEA) announced on Wednesday.

S current climate commitments would achieve fewer than 20% of the reduction in emissions by 2030 to limit warming to 1.5 degrees.The countries agree to lower emissions by more than 5% in order to maintain a sustainable climate.

“We are not investing enough to meet for future energy needs, and the uncertainties are setting the stage for a volatile period ahead,”Fatih Birol

“We are not investing enough to meet for future energy needs, and the uncertainties are setting the stage for a volatile period ahead,” IEA chief executive Fatih Birol said.

The IEA describes four policy areas requiring additional focus in the coming decade: clean electricity for uses such as transportation and heating; energy efficiency; preventing leaks when working from fossil fuels; and promoting Green Innovation.

Despite the policies and action governments have initiated, global annual emissions would still be equal to the infrastructure which developing countries construct, the agency said.

By 2025, fossil-fuel demand will have reached its peak, and the planet will become roughly 2.1 ° C warmer.

Environmental campaigners and organisations have previously accused the IEA of supporting further investment in fossil fuels.

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Paris Agreement

The Paris Agreement , often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change, adopted in 2015. It covers climate change mitigation, (wikipedia)


International Energy Agency

The International Energy Agency is a Paris-based autonomous intergovernmental organisation established in the framework of the Organisation for Economic Co-operation and Development in 1974 in the (wikipedia)


Renewable energy

Renewable energy is useful energy that is collected from renewable resources, which are naturally replenished on a human timescale, including carbon neutral sources like sunlight, wind, rain, tides, (wikipedia)


World energy supply and consumption

World energy supply and consumption is global production and preparation of fuel, generation of electricity, energy transport and energy consumption. It is a basic part of economic activity. (wikipedia)