Clean energy investments need to rise three to six times to reach Paris targets
This will require investments in clean energy to increase three to six times from current levels if the worst effects of global warming are to be avoided.
This was stated on Friday in a report from the UN, writes Recharge News.
The release is the UN’s status report on global progress towards meeting the goals of the 2015 Paris Agreement to limit global warming to 1.5 degrees Celsius compared to pre-industrial times.
”We need to triple renewable energy by 2030, commercialize other zero carbon solutions like hydrogen and scale up the energy system free of all unabated fossil fuels, while we eliminate the emissions of the energies we use today,” says Sultan Al Jaber, the incoming president of COP28 in November.
The Paris Agreement aims for a 43% and 60% reduction in greenhouse gas emissions by 2030 and 2035, respectively, compared to 2019 levels. Zero emissions should be obtained by 2050.
(Translated using DeepL with additional editing by Kristoffer Grønbæk)
.jpg&w=384&q=75){kind=logo}
