The fossil fuel industry argues that more projects are needed to meet global demand during the transition to clean energyThe world does not need to invest in any new fossil fuel supplies to meet its energy needs while cutting emissions to net zero by 2050, the International Energy Agency believes. From today, no new oil and gasfields need to be approved for development, no coalmines should be built or extended and no more polluting coal-fired power plants should be given the go-ahead, the influential agency says in a report. SponsoredInstead, its vision requires “the immediate and massive deployment of all available clean and efficient energy technologies”, with installations of solar and wind quadrupling this decade and electric vehicles growing to more than 60 per cent of new car sales by 2030. The IEA says that its radical report represents “the world’s first comprehensive study

Source: The Times May 18, 2021 05:01 UTC