The Paris-based agency said it has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050. All new oil, gas and coal-fired power stations must be scrapped this year to reach net-zero carbon emissions by 2050, the International Energy Agency has warned. The Paris-based agency said it has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050. Investment totalling around $40billion a year - around one percent of current energy sector investment - is projected to hook hundreds of millions up to the global grid. Her co-author, Timur Gul, said that while the technologies exist to decarbonize the energy sector, they aren't yet available for sectors such as aviation or heavy industry.

Source: Daily Mail May 18, 2021 14:05 UTC