World heading into 'the Age of Electricity': IEA

IEA main Fatih Birol says the satellite is 'moving astatine velocity into the Age of Electricity'. Photo: Justin TALLIS / AFP/File
Source: AFP

More than fractional of the world's energy volition beryllium produced by low-emission sources earlier 2030 but the deployment of cleanable energy is "far from uniform" crossed the globe, the International Energy Agency said Wednesday.

Demand for oil, state and ember is inactive projected to highest by the extremity of the decade, perchance creating a surplus of fossil fuels, the IEA said successful its yearly World Energy Outlook.

"In vigor history, we've witnessed the Age of Coal and the Age of Oil," said IEA Executive Director Fatih Birol.

"We're present moving astatine velocity into the Age of Electricity, which volition specify the planetary vigor strategy going guardant and progressively beryllium based connected cleanable sources of electricity," helium said.

The study said cleanable vigor "is entering the vigor strategy astatine an unprecedented rate" with 560 gigawatts (GW) of renewables capableness added successful 2023.

Almost $2 trillion successful investments are flowing into cleanable vigor projects each year, astir treble the magnitude spent connected fossil substance supplies, according to the Paris-based agency.

"Together with atomic power, which is the taxable of renewed involvement successful galore countries, low-emissions sources are acceptable to make much than fractional of the world's energy earlier 2030," it said.

But the IEA noted that the deployment of cleanable vigor "is acold from azygous crossed technologies and countries".

The study comes a period earlier Azerbaijan hosts the UN's yearly clime conference, COP29, successful Baku, from November 11 to November 22.

Source: AFP