IRENA, IEA study concludes meeting 2˚C scenario possible with net positive economics

20 Mar 2017   Climate

Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition —a joint study by IRENA and the IEA—launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate change. The Paris Agreement reflected an unprecedented international determination to act on […]

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