The International Energy Agency (IEA) reported that tripling the global renewable energy to reduce the consumption of fossil fuel can still be achieved by 2030, provided permits and grid connections are well on their way.
Climate Change Conference or COP28 held in Dubai was attended by almost 200 countries who agreed to push the energy sector to reach ‘net zero’ emission while promising tripled capacity of wind and solar energy production. If realized, the emission of greenhouse gas could be reduced by 10 billion tons.
The IEA pointed out the goal is within reach owing to “favorable economics, ample manufacturing potential and strong policies.” In doing so, countries would likely be required to construct 25-million-kilometer electricity grids and the planet would need a 1,500-gigawatt energy storage. Nonetheless, increased capacity for renewable energy alone would not reduce costs for consumers nor diminish the use of fossil fuel.
Meanwhile, global emission from the energy sector hit a record high last year. To further curb power use, each government would need to integrate energy efficiency in their national plans and employ efficiency measures to meet the target set forth by the Paris climate agreement.
