IEA
The IEA paints a picture where nuclear and CCS are out, and solar – the cheapest antidote to catastrophic climate change – becomes the backbone of a largely renewable global energy system.
As the IEA warns that world governments are unlikely to act decisively on climate change, could the naked self interest of the world's financiers do what the politicians daren’t: say no to coal?
The IEA says the world has nearly exhausted its energy carbon budget, and a radical restructure of our power and transport grids is required. Now. The implications for energy investment could not be clearer.
The IEA and the OECD have again railed against the rising cost of fossil fuel subsidies, and fingered Australia as one of the worst offenders. They want them ended by 2020.
Details of Australia's first utility-scale solar project are unveiled, just as the IEA prepares to release a new report predicting that most of the world's energy will come from solar by 2060.
An all encompassing approach to reducing carbon emissions is needed. Otherwise, by the time clean energy takes over, it may already be too late to prevent dangerous climate change.