SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

This climate goal is within reach

» Updated: 24 September 2024, 10:44

» Published: 24 September 2024

This climate goal is within reach
Photo: Rich Pedroncelli/AP/TT

The goal of tripling renewable energy by 2030 and moving away from fossil fuels is "within reach", the International Energy Agency (IEA) states in a new report. However, significant efforts are required to eliminate bottlenecks.

It was at last year's climate summit COP28 in Dubai that nearly 200 countries agreed to transform their energy systems away from fossil fuels so that the world can achieve net-zero emissions by 2050 and triple renewable energy capacity, such as wind and solar power.

What makes the IEA assess that the energy goal is within reach is favorable economic conditions, rich manufacturing potential, and strong policy decisions. However, increased capacity does not automatically mean it will be cheaper for consumers or that the use of fossil fuels will decrease, according to the IEA.

Now, countries must invest in building and modernizing 25 million kilometers of power grids, the IEA urges, which also sees a need for 1,500 gigawatt energy storage capacity by 2030.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac

Upbeat in Japan – Gloomy in China
1 MIN READ

Upbeat in Japan – Gloomy in China

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards