None of the scenarios in the latest International Energy Agency World Energy Outlook show renewables growing fast enough to meet global climate goals.
Under current policies, said the IEA this week, the world would see increasing strains on almost all aspects of energy security and “a major additional rise” in energy-related carbon emissions.
And under a new policies scenario, incorporating measures and targets already announced by governments worldwide, global energy demand would still grow by more than a quarter through 2040, leading to increased demand for oil.
Even under a sustainable development scenario, aimed at achieving the energy goals of the United Nations Sustainable Development agenda and the long-term objectives of the Paris Agreement, renewables growth falls short of delivering a climate change cure.
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