25 May 2021 6:38 GMT Updated 25 May 2021 6:45 GMT
OPINION: The International Energy Agency (IEA) has detonated any consensus that the oil and gas industry was moving fast in the right direction on climate.
The Paris-based agency may have done so willingly or inadvertently, but this particular genie will not go back in the bottle.
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Environmentalists and critics seized on one scenario that suggested that plans for new drilling on oil and gas fields
This has now become widely accepted as IEA thinking from an organisation established in 1974, after the first Opec oil embargo, to ensure steady global supplies.
By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org)
On May 18, 2021, the International Energy Agency (IEA) released “Net Zero by 2050: A Roadmap for the Global Energy Sector,” which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050.
Achieving net zero emissions means the amount of greenhouse gases being emitted into the atmosphere would equal the amount being removed. Achieving this balance, the IEA maintains, would require more than aggressive carbon-capture measures: It would call for a swift and immediate shift from petroleum energy sources to energy provided through naturally replenished sources like wind, water, and solar power.
Net Zero? Not For Africa Not Yet Africa Must Fight Energy Poverty with Oil and Gas Development (By NJ Ayuk) einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
A deal to redevelop land on Perth’s waterfront has sparked calls for more transparency around deals the WA government has struck with the state’s billionaires.