The executive director of the International Energy Agency (IEA), Fatih Birol, today highlighted the “unstoppable” progress of clean energy, although he warned that the pace of containing greenhouse emissions is not sufficient for neutrality. in carbon by 2050.
Birol spoke at the opening session of the ministerial meeting in Paris of the International Energy Agency (IEA) commemorating its 50th anniversary, where he wanted to emphasize that clean energy is advancing “faster than many people believe.” He illustrated this by recalling that in 2001, the weight of wind and solar energy in global electricity production was 0.25%, when in three years their relative weight will reach 25%.
Renewable electricity pull
According to their calculations, global demand for fossil fuels will hit the ceiling before the end of a decade thanks to the rise of renewable electricity and the take-off of the sale of electric vehicles. Birol called to prevent countries from slowing down or suspending their clean energy incentive policies, and among his arguments he noted that they would lose the business opportunity that is being created.
“In ten years, the size of the market for manufacturers of clean energy technologies will reach one trillion dollars,” he stated before noting that there is competition among countries to have leadership in the sector or not to miss the boat.
Massive expansion to achieve goals
For Birol, between now and 2030 there must be a gigantic expansion of clean technologies, which includes solar and wind energy, electric cars, or nuclear energy for countries that opt for it. Although it may not be enough to reach carbon neutrality by mid-century because in 2030 we will have to rely on technologies that are not mature now from a technical or economic point of view. And that happens, according to the head of the IEA, because of “innovation.”
Ministerial meeting in Paris
The agency’s 50th anniversary meeting, which runs until Wednesday, is co-chaired by Ireland and France and is attended by 31 ministers from member countries and other partners, such as Colombia, Costa Rica, Egypt, Kenya, Senegal, Singapore and Ukraine.
Among the special guests are the president of the European Commission, Ursula von der Leyen, the United States climate envoy, John Kerry, and the former president of Ireland, Mary Robinson.