IEA warns of climate change, and report on support for fossil fuels

Recently, Bloomberg, the Guardian and Financial Times wrote about the warnings issued by the International Energy Agency (IEA) in relation to irreversible climate change, global policy on energy and fossil fuel subsidies, which is six times greater than the support for clean energy. The IEA report warns that, if we want to avoid dependence on uncertain

Recently, Bloomberg, the Guardian and Financial Times wrote about the warnings issued by the International Energy Agency (IEA) in relation to irreversible climate change, global policy on energy and fossil fuel subsidies, which is six times greater than the support for clean energy.

The IEA report warns that, if we want to avoid dependence on uncertain and insufficient fossil fuels, we need tougher measures to increase investment in renewable energy technology. In the period between the 2010 and 2035 where the IEA expects growth in demand for electricity by one third. In addition to the share of fossil fuels should be reduced from 81%, they are today, to 75% by 2035, and renewable energy sources should increase their share in the energy mix from 13% to 18% by 2035.

Climate change

EWEA has long warned that Europe by 2015 will need to stop building power plants on fossil fuels that could achieve the goal of reducing CO2 emissions by 80-95% by 2050.

The reason  for this warning is the fact that every fossil-fuel power plants built after 2015 will be able to operate even after the 2050.

If you want to prevent a temperature rise of more than 2 ° C, after which changes were dangerous, it is necessary by 2017 to start significant investment in new, clean energy, said Fatih Birol, chief economist at the IEA.

Executive Director of the IEA, Maria van der Hoeven, added that the growth, prosperity and population growth inevitably increase the demand for electricity in the following decades, and we can no longer rely on unsafe and unsustainable forms of energy.

The report stated that, from a screenplay titled New Policies Scenario, emissions of CO2 through the next 25 years resulting in increase in average temperature by 3.5 ° C.

Failure to implement the new regulation, the average temperature could increase by as much as 6 ° C, according to a report in which he presented a scenario, called Scenario 450, which monitors energy development needed to increase the temperature limit for the maximum 2 ° C.

Incentives Bloomberg recently reported that the fossil fuel industry last year received subsidies six times larger than the drive that has received the industry of renewable energy sources. Help to reduce the price of gasoline, natural gas and coal rose by a third, and amounted to 409 billion dollars, while support for biofuels, wind energy and solar energy was only 66 billion dollars, the report said.

Such support creates irregularities in the market that supports unnecessary spending, and subsidies for fossil fuels largely exceeds the utility, said the IEA.

In an interview with Euractiv, Birol said the reduction of subsidies for fossil fuels in countries that are not part of the OECD is of primary importance in order to avoid significant and dangerous climate change.

Renewable Energy Projects in Bosnia and Herzegovina