Paris climate treaty goal on 'life support'
The world is "sleepwalking" towards ruin as the coronavirus and Russia's war in Ukraine put a 1.5 degrees C. limit further out of reach, the U.N. chief said.
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The world is "sleepwalking" towards ruin as the coronavirus and Russia's war in Ukraine put a 1.5 degrees C. limit further out of reach, the U.N. chief said.
The rise of ESG investing creates an "urgent demand for global standards," says an organization working on them as the next U.N. climate summit nears.
Paris-based IEA advised that limiting global temperature rise to 1.5 degrees Celsius requires an immediate and massive transformation of all energy systems.
A key threshold of the 2015 Paris Agreement against the worst effects of global warming could be reached within five years, WMO warned.
Global CO2 emissions are on track to decline by almost 8% this year from the pandemic causing the biggest downturn in energy use since World War II.
India raised living standards for 1.4 billion citizens by expanding access to cleaner energy sources but must do more for security and growth, IAEA said.
The Paris-based organization pointed to oil companies' reserves that still can meet demand for more than a month.
Energy-related CO2 emissions rose 1.7% to 33.1 billion tons from the previous year, the highest rate of growth since 2013.
Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.