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What is the best way to deal with zero emissions by 2050? The International Energy Agency, a petroleum company in Paris, has dubbed what it says is “narrow but still possible” if the earth were to reduce greenhouse gas emissions by almost zero and reduce global warming to 1.5C.
To achieve this goal, which has been adopted by major economic powers such as the EU, the US and the UK, could require the global economic transformation for the next three decades.
According to the IEA, this includes eliminating the sale of ordinary petrol cars by 2035, reaching 100% clean power by 2040 and using heat pumps to meet at least half of all needs by 2045.
While some industry executives and energy-intensive countries have noticed that the approach available here is not a good idea, it indicates a significant waste of energy that may be required.
Power consumption by 2050 may be less than it is today due to positive growth, although the global economy will be 40% larger than it is now.
Most of the energy comes from renewable sources, where the IEA predicts that solar energy will increase 20 times and wind power 11 times by 2050. Electricity consumption is also increasing. Today, about 20% of all electricity is powered by electricity. By 2050, this could rise to 50% at this point.
A corresponding increase in electricity consumption is required. Total retail sales should be increased to $ 5tn per year, while sales and distribution costs will increase to $ 820bn per year by 2030 from $ 260bn today.
Petroleum sources such as coal, oil and gas will not play a small role by 2050 in this regard. Coal could be reduced to just 4 percent of the world’s electricity, mainly from fossil fuels.
Oil and gas could play a major role in 2050, but not much, according to the IEA. Oil prices will fall by 75%, reaching barrels of 24m a day and gas prices will be reduced by 55% according to the commission.
The IEA report states that no new exploration for oil, gas or crude oil may be necessary, as manufacturers will focus on existing products. Basically, this means that the Middle East will make up the largest share of the world’s oil over time. As a result, Opec’s lead in the oil market grows to about 52%, its highest level.
The IEA was established in 1974 by OECD oil-eating countries, who were concerned about access to supplies after Arab oil prices pushed up prices. His role has changed to consider all forms of electronic security.
The IEA report makes it clear that all of this will not happen without significant changes in legislation and the increase in electricity bills. People need to change their lifestyle, they say, and about 4% of the reduction in emissions is due to systemic changes, such as taking several long-distance trips.
Proponents of her case have been working to make the actual transcript of this statement available online. As oil prices fall, leaf prices for carbon dioxide will rise, predicting the IEA, especially in developed countries.
Governments will also need to accelerate their emissions reduction plans. Existing government policies, which were reviewed by the IEA in the report, could reduce emissions by 35% by 2050.
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