According to the International Energy Agency's (IEA) World Energy Outlook 2021 report, in order to reduce emissions by 2030 in the fight against climate change, clean energy investments must at least triple in this period.
In addition, it is predicted that 70 percent of investments should take place in developing economies.
INVESTMENTS INCREASING IN WIND AND SOLAR ENERGY
As investments in wind and solar power increase, coal consumption, which has grown strongly this year, is expected to lead to the second largest annual increase in carbon emissions in history.
FOSSIL FUEL DEMAND TO PEAK IN 2025
According to the scenario where the commitments announced by the governments to the zero emission target are implemented in a timely and full manner, it is calculated that the fossil fuel demand will peak in 2025 and global carbon emissions will decrease by 40 percent by 2050. In this scenario, global temperature rise is projected to reach 2.1 degrees Celsius by 2100.
WORLD'S OIL CONSUMPTION WILL DECREASE FROM 100 MILLION BARRELS DAILY TO 75 MILLION BAGS IN 2050
According to the scenarios where all today's commitments are fulfilled, the world's oil consumption will decrease from its current level of 100 million barrels to 75 million barrels per day in 2050, while according to the net zero emission scenario, oil consumption is calculated as 25 million barrels per day in this period.
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