Extended droughts, erratic rains, depleting glaciers, the climatic change updates are becoming shockingly realistic. Countries of Africa and those in Asia including India are experiencing the wrath of climatic changes. Though the situation is going like this, the International Energy Agency’s’ (IEA) new update of its World Energy Outlook brings some relief to countries who are victims of climatic change.
The report predicts that carbon emissions are expected to be peaked much earlier than expected. It may occur in 2020, because of the march of the renewable energies led by solar. Early peaking indicate that emission cutting will get strong than previously expected.
The IEA’s ‘World Energy Outlook Special Report on Eenergy and Climatic Change’ also brings a fascinating future where the renewable rule the world.
The IEA predicts that renewable sources will become the most important generator of electricity, pushing the polluting coal into the second position by 2030. Energy production and use account for two-thirds of the world’s greenhouse-gas (GHG) emissions.
Last week, G7 countries have taken a pledge to eliminate fossil fuel use in few decades. The G7’s promise has given an extra value to the proposed COP 21 Climatic conference to be held in December this year.
Usually, most climatic conferences are ending in failures amidst negative attitudes of countries regarding carbon emission cutting proposals. But, this is the first time that a positive momentum developing before the launch of a climatic conference. Countries have declared Intended Nationally Determined Contributions (INDCs) to reduce green house gas emissions prior to the climatic conference.
The Report hails that countries including India, Indonesia, Malaysia and Thailand are taking the opportunity of lower oil prices to diminish fossil-fuel subsidies and thus discouraging wasteful consumption.