BERLIN (AP) — A report by the International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including ending investments in new coal mines, oil and gas wells.
The Paris-based agency said in a report released Tuesday that it has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050.
Several countries, including the United States and the European Union, have pledged to achieve net zero emissions — meaning only as much planet-warming gas is released into the atmosphere as can be absorbed — by mid-century.
The IEA report sets out 400 steps needed to transform how energy is produced, transported and used. These include no investment in new fossil fuel supply projects, an end to the sale of new internal combustion engine passenger cars by 2035 and a four-fold increase in the deployment of solar and wind power compared to last year’s record level.
The IEA’s executive director, Fatih Birol, said the transformation would create millions of new jobs and boost economic growth worldwide.
Image: FILE – In this July 27, 2018, file photo, the Dave Johnson coal-fired power plant is silhouetted against the morning sun in Glenrock, Wyo. A law signed April 6, 2021, by Republican Gov. Mark Gordon creates a $1.2 million fund for an initiative that marks the latest attempt by state leaders to help coal in the state that accounts for the bulk of U.S. coal production, which is down by half since 2008. Wyoming coal production, which accounts for about 40% of the nation’s total, has declined as utilities switch to gas, which is cheaper to burn to generate electricity. Solar and wind power also are on the rise as coal’s share of the U.S. power market shrinks from about half in the early 2000s to less than 20% now. (AP Photo/J. David Ake, File)