Home
[size=36]International Energy issues warning about insufficient investment in clean energy
[/size]
October 13, 2021[/size]
Follow - up /
International Energy Agency warned that volatility in the energy markets is here to stay, and in light of rising energy prices worldwide to record levels with the occurrence of energy crisis in Europe and Asia.
The Paris-based agency said, in its annual report, that the world is not now investing in future energy consumption, which would make the transition to net zero emissions "unstable".
"There is an imminent risk of further disruptions to global energy markets," IEA Executive Director Fatih Birol said in a statement. “We are not investing enough to meet future energy needs, and uncertainties are setting the stage for a volatile period ahead.”
The report noted that for the first time in its forecast, oil demand is seen declining in each scenario, but the pace varies widely.
This in turn creates challenges for energy producers. On clean energy, the report said that in order to reach net zero emissions by 2050, spending on clean energy must reach $4 trillion annually by the end of this decade.
He added that the amount of investment required creates "tremendous economic opportunities" for clean energy technologies including wind turbines, solar panels, lithium-ion batteries, electrolyzers and fuel cells.
The International Energy Agency has estimated that the market for these green technologies will reach $1 trillion annually by 2050, which is equivalent to the current size of the oil market.
[You must be registered and logged in to see this link.]
» utube 11/21/24 MM&C MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Justice-Cen
» Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they
» MP calls for activating China's Belt and Road Initiative economy
» Al-Baldawi: Political will controls the fate of the ministerial amendment
» Al-Lami: US bases in Iraq represent a military arsenal to protect the entity
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
» Iraqi parliament resumes sessions on Monday with 'important' laws
» The Central Bank of Iraq sells more than $894 million in three days
» With the participation of the private sector.. Iraq studies a project to establish a large medical c
» OPEC Secretary General: Crude Oil and Natural Gas are 'Gifts from God'
» How much did the census cost in Iraq?
» Türkiye hints at “good news” regarding Kurdistan oil exports.. What about the development path?
» Minister of Education: Project No. 1 has reached its final stages and new schools will be announced
» With Al-Mashhadani's support... Parliamentary move to activate the oversight role during the upcomin
» Israel sends messages to Iraq: An expected strike and no options for deterrence
» A government bank in Karbala embezzles installment amounts paid by a number of borrowers
» Iraqi government begins measures to prevent oil “smuggling” from Kurdistan
» Iraq sends "identical" messages to international and Arab parties regarding Israeli threats
» Al-Araji: The international coalition has great credit in helping Iraq defeat ISIS
» Dollar price stability in Iraq
» Trade announces a special application for the ration card that determines the mechanism for families
» Iraqi exhibitions participate in the UFI conference in Germany
» Industry: A plan to increase battery production and cover the needs of the local market
» Health: We are studying the establishment of medical cities in Baghdad and the governorates with the
» Foreign Minister: The government has taken internal and external steps regarding the threats of the
» Immigration: Report to be submitted next month to curb illegal immigration
» The Arab League will hold a meeting next Sunday to confront the threats of the Zionist entity, at th
» Iraq comments on the threats of the Zionist entity
» Al-Mandlawi: The International Court’s decision to arrest Netanyahu and his defense minister is a st
» Supreme Census Authority: End of the second phase of the population census
» An inside look at Iraq’s “fuel smuggling market”: New developments and smugglers “suffering”
» Find out the dollar exchange rates in the Iraqi stock exchanges
» New embezzlement operations revealed in a government bank in Karbala
» Officially.. The Supreme Authority for Population Census sets the date for announcing the results
» Prime Minister: It is hoped that the remaining 1,000 schools will be completed within two months - U
» utube 11/19/24 MM&C Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Ze
» Barzani: The relationship with Baghdad is good and no problem can be solved by force
» Al-Mashhadani: The international system today is “fluid and in crisis” and the Middle East crisis is
» Legal Center: Iraq is the fourth Arab country in child labor and there is a need to legislate a law
» Democratic: The new regional government is a coalition and one step away from negotiations to form i
» Parliament resumes its sessions next week... and clarification of the mechanism for extending its le
» A member of the Patriotic Union of Kurdistan stresses the need to pass the Kurdistan budget law, whi
» Framework warns: Agreement with Washington will be at stake if Iraq is bombed
» Protecting Iraq is an American duty: Security agreements are not just ink on paper
» Moderate leaders...are they able to guide the path at a regional crossroads?
» Politician reveals political agreements to vote on personal status law
» US report shows the importance of the population census in Iraq: It will reshape this map
» Dollar-Dinar Exchange Rate Gap: Causes and Treatments
» The Fifth Forum for Peace and Security in the Middle East kicks off in Dohuk with the participation
» Planning for / Nina /: The census results will be announced at this time and we implemented the proj
» Former MP: Worrying circumstances accompanied the population census process in Basra
» MP Hassan Al-Asadi brings good news to a group of those covered by Article 140
» Economist: Total cost of general population census reached 951 billion dinars
» Israel's complaint against Iraq.. a prelude to an expected military action - Urgent
» Mahmoud Al-Mashhadani: What is happening today in the Middle East is a “vital area for the second Na
» The complex of forming the regional government is exacerbated by the adherence to the “old faces”
» Bitcoin hits new record
» Prime Minister's Advisor: National Development Plan 2024-2028 depends on census results
» Al-Abadi responds to Senator Lindsey Graham's statement: Incites new conflicts and wars
» War developments portend danger in Iraq.. Israeli threatening messages arrived via a regional state
» Controversy over Kurdish citizens entering Kirkuk before the population census.. What's the story?
» MP reveals date of passing general amnesty and personal status laws
» Economist: The census will lead to an increase in the share of some governorates in regional develop
» Al-Sudani directs to equip border forces with modern weapons and secure all their requirements
» Iraqi government: We are making great efforts to control the influence of factions inside Iraq
» utube 11/18/24 US President Donald Trump Statement About Iraqi Dinar New RateIraqi Dinar News
» Mazhar Saleh: Population census is the basis for achieving optimal development
» Setting the date for announcing the preliminary results of the population census
» Kurdish MP: Population census will affect all governorates financially
» Between Israeli accusations and Baghdad's position: Is Iraq heading towards an international confron
» Al-Sudani renews his directives on the necessity of completing service projects within the previousl
» Political movement calls on parliament to strike dens of corruption
» MP criticizes the Foreign Ministry's performance towards the Turkish occupation
» Parliamentary Economy Committee criticizes the government’s withdrawal of the Public-Private Partner
» Before the vote... Washington moves its agendas to prevent the approval of the personal status law
» Al-Maliki: The Zionist entity seeks to strike Iraq through its expansionist war
» MP identifies 3 black images of the American role in the Middle East
» Where is the Baghdad-Washington agreement? The Zionist entity provokes Iraq and threatens to bomb it
» Durable goods are an open option for citizens.. Planning indicates a high response to the population
» Parliamentary Legal: The regional government is trying to change the demographics of Kirkuk to regai
» Arrest warrant issued for Anbar Council member for involvement in corruption and terrorism cases
» Al-Sudani directs continued payment of wages to workers on a "daily wage" during the two days of the
» What is the relationship between the population census and the national development plan? Al-Sudani’
» Iraq's seaborne crude oil exports decline
» Will the population increase the number of representatives in Iraq?
» In cooperation with the United Nations Population Fund.. The first population census in Iraq in more
» Jordanian company completes strategic submersible pumps project in Iraq
» Rasool: The government is pursuing anyone involved in activities that threaten Iraq's security
» US military creates air bridge from Iraq to Syria
» Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region
» Know the secrets of the Iraqi house.. Baghdad demands that Washington deter Israel
» On the second day of the curfew, Al-Sudani tours Baghdad and “meets citizens”
» Planning: Slums are counted as a fact in the population census
» Despite problems, Iraq and Turkey agree to increase trade exchange
» Iraqi regions detect drones.. and Washington informs Baghdad of "exhausting" its pressure on the ent
» Bitcoin breaks $97,000 barrier for the first time in its history
» A difference of more than two million people: Iraqi or international estimates? Who will prove the a
» In numbers.. UAE exports to Iraq grow significantly