(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 7. The world needs to
double the energy efficiency progress and to triple the renewable
power capacity by 2030 to keep 1.5` within reach, Fatih Birol,
Executive Director of the International Energy Agency (IEA) said,
Trend reports.
“Of course, we need other technologies as well, but these are
the pillars of clean energy transition. We want energy to be
affordable, especially in the low-income countries. We want energy
to be secure and help us to reach energy targets,” he said
addressing the 8th Annual Global Conference on Energy
Efficiency.
Birol recalled that since February 24, 2022, energy markets are
going through historically turbulent times.
“Solar energy additions in one year increased by about 40
percent. Because it is becoming cheaper. Another factor is related
to transportation. Only two years ago one out of 25 cars sold in
the world was an electric car. This year one out of 5 cars sold in
the world is an electric car. The sales of heat pumps are taking
over that of traditional heating systems. Another clean energy
technology for us, the nuclear power is making a comeback across
the world,' the IEA executive director explained.
Referring to the Investment Report of the IEA, Birol noted that
this year the amount of investments going to solar is higher than
the amount of investments going to oil production.
“Energy efficiency is also coming very strong. In the last one
and a half years, many countries around the world covering 70
percent of the global economy came up with new, in most cases
binding policies for energy efficiency, some of them for building,
some of them for transportation, and some of them for industry.
Last year, global energy efficiency improvement was two times
higher than the historical averages. We are still far from reaching
our climate and energy targets. But we are under right track,” he
added.
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