Governments should focus on energy efficiency and the phasing-out of fossil fuels in order to keep temperatures within 2C warming and limit the financial implications of climate change, according to a new study.
Redrawing the Energy-Climate Map, by the International Energy Agency (IEA), suggests that much action is needed before 2020 if governments want to prevent global temperatures from rising more than 2C – the limit deemed safe by climate scientists.
IEA executive director Maria van der Hoeven said, “Climate change has quite frankly slipped to the back burner of policy priorities. But the problem is not going away – quite the opposite.
“This report shows that the path we are currently on is more likely to result in a temperature increase of between 3.6C and 5.3C but also finds that much more can be done to tackle energy-sector emissions without jeopardising economic growth, an important concern for many governments.”
The study states that by adopting four energy policies, governments would achieve a significant reduction of carbon dioxide from the energy market – which according to IEA accounts for two-thirds of global greenhouse gas emissions.
The policies the IEA says should be implemented are prioritising energy efficiency measures in buildings, industry and transport; limiting the construction of coal-fired power plants; reducing methane emissions expected from the gas industry and starting a phase-out of fossil fuel by cutting subsidies.
These would help the energy industry stand up to the economic consequences of climate change and assess the risks and impacts for investors.
Samantha Smith, leader of the WWF Global Climate & Energy Initiative, said, “This is a welcome intervention by the IEA, particularly the focus on energy efficiency standards for lighting, cars and appliances as well as cutting methane losses in oil and gas production.
“Unfortunately, the other policies are incomplete, not ambitious enough or regionally biased. With the world on track for catastrophic levels of global warming, as the IEA says, these stop-gap proposals simply don’t go far enough.
“The IEA should back the full phasing out of all fossil fuel subsidies by 2020 globally, including in OECD countries, with the money being channeled into support schemes for renewables, energy efficiency and clean energy access for the poor in developing countries.”
Like our Facebook Page
Is It Possible to Work in Tech Without Harming the Planet?
Zero Waste Living and Its Importance
Investing in a Sustainable Environmental Future for Northern Virginia
Prominent Trends in Seafood Sustainability in 2022
Sustainable Landscaping Tips for Your Property
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
Is the Hyundai i30 A Valuable Investment?
Is Couchsurfing a Good Option for Eco-Friendly Traveling?
How To Set Up A Sustainable Smart Home
Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
Energy12 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
Features11 months ago
Essential Guidelines for Eco-friendly Moving into new Home
Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor