Paris: A scarcity of worldwide collaboration dangers undermining efforts to decarbonise polluting sectors and will result in a long time of delay on the highway in the direction of web zero emissions, the International Energy Agency (IEA) mentioned Tuesday.
At final November’s COP26 local weather summit in Glasgow, 45 nations vowed to work collectively on the deployment of inexperienced tech throughout quite a lot of sectors together with electrical energy, transport and agriculture.
Against the backdrop of surging power costs and the specter of a world meals disaster, the IEA urged nations to make use of the approaching COP27 assembly in Egypt to “accelerate progress towards net zero emissions by decades, cut energy costs and boost food security for billions of people worldwide”.
Greater coordination between nations would make key inexperienced applied sciences cheaper for creating nations to deploy at scale, the IEA mentioned.
Its Breakthrough Agenda Report, requested by world leaders to verify on the initiative’s progress, famous some achievements, together with a doubling of gross sales of electrical automobiles to some 6.6 million items in 2021.
It additionally mentioned that renewable capability in 2022 is forecast to be up eight p.c year-on-year, pushing previous the 300 gigawatt mark for the primary time — the equal to powering some 225 million households.
But it mentioned way more progress was wanted for the worldwide economic system to attain carbon neutrality this century.
The IEA advisable the institution of low-carbon “super grids” spanning a number of nations to enhance power safety whereas decreasing emissions.
It additionally referred to as for worldwide finance centres to channel funding and experience extra rapidly to coal-dependent nations to be able to speed up their low-carbon transition.
“We see a major challenge, which is international collaboration between the countries and across the sectors,” mentioned IEA director Fatih Birol.
Power, highway transport, metal, hydrogen and agriculture account for some 60 p.c of greenhouse fuel emissions and the IEA says the majority of reductions wanted by 2030 to be able to maintain the Paris Agreement temperature purpose of 1.5C in play ought to come from the 5 sectors.
“Through international collaboration, we can make the transition quicker, cheaper and easier for everyone,” mentioned Birol.
“Without this collaboration, the transition to net zero emissions will be much more challenging and could be delayed by decades.”