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The IEA estimates that it will invest $ 4 trillion in renewable energy.

The IEA estimates that it will invest $ 4 trillion in renewable energy.

The International Energy Agency is considering increasing investment in clean energy projects and infrastructure by approximately $ 4 trillion annually by 2030. The IEA believes it needs to reach its carbon-neutral goal by 2050, but it’s not as difficult as it looks.

The EIA released its annual report on Wednesday. In fact, we focused on different emission reduction scenarios and their impact on temperature and health.

The document states that if neutrality is reached in 2050, 2.2 million premature deaths from pollution can be avoided in 2030. That number is 40% less than it is today. In other scenarios, they increase.

The IEA considered three scenarios:

  1. Current emission reduction policies effectively implemented by the government.
  2. The reduction commitment has been announced.
  3. What will enable carbon neutrality in 2050.

The first scenario is the most pessimistic. The temperature of the earth will rise by 2.6 degrees Celsius in 2100 compared to the time before the Industrial Revolution. In the second scenario, the temperature rises 2.1 degrees. Only in the third case can it be limited to 1.5 degrees.

Global oil demand could decline by 75%

This report does not address the current energy price crisis in detail. Instead, recent escalations ensure that they are involved in many factors, including increased energy demand, meteorological events, and supply chain disruptions.

The IEA is proposing to increase investment in renewable energy to diversify its energy supply. However, it makes it clear that the stage of price fluctuations is not completely eliminated.

In addition to an annual investment of $ 4 trillion, the agency predicts that clean energy will create employment and economic activity.It can also help hire workers from coal Or the oil sector.

In addition, the EIA predicts that demand for crude oil, the energy and economic foundation of the 20th century, may decline for the first time.

Today, the world consumes about 100 million barrels a day. Moreover, in the average scenario, it could drop to 75 million by 2050. In the most optimistic scenario, demand drops to 25 million BPD.

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The IEA estimates that it will invest $ 4 trillion in renewable energy.

https://www.financebrokerage.com/iea-estimates-investing-4-trillion-in-renewable-energy/ The IEA estimates that it will invest $ 4 trillion in renewable energy.

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