Irena says the window to achieve the 1.5C Paris target is closing
Irena’s pathway to Paris a Herculean task
Renewables agency has produced preliminary figures for the scale of investment required to hit 1.5°C Paris target
The International Renewable Energy Agency (Irena) released a preview version of its World Energy Transitions Outlook on 16 March, including a scenario highlighting the organisation’s vision on how to achieve the Paris Agreement’s stretch goal of limiting the global temperature increase to 1.5°C above pre-industrial levels. Francesco La Camera, director general of Irena, outlined the immense magnitude of this task, especially given the lack of progress to date. “The window of opportunity to achieve the 1.5°C Paris Agreement goal is closing fast. The recent trends show that the gap between where we are and where we should be is not decreasing but widening. We are heading in the wrong direction
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
