new technology It is already clear that significant progress on mitigating climate change can be achieved through a move to zero-carbon energy
It is already clear that significant progress on mitigating climate change can be achieved through a move to zero-carbon energy, reducing deforestation and adjusting how we grow food and what we eat. Renewable energy is increasingly becoming cheaper to produce than fossil fuels – new technology one recent Oxford University study suggests that replacing fossil fuels with clean energy could bring global savings of up to $12 trillion by 2050. And the International Energy Agency has found that there is now more employment in ‘clean energy’ – including renewables, electric vehicles, energy efficiency and nuclear power – than in the fossil fuel industry, so the economic argument alone should provide sufficient incentive for rapid decarbonisation of the energy system.We also know that a transition away from fossil fuels would bring significant benefits for health and wellbeing through reduced air pollution and shifts towards more active lifestyles and balanced diets. And a commitment to net zero can also reduce social inequality, particularly in already highly unequal societies, if investments are made in, for example, affordable and reliable low-carbon public transport, urban green spaces, and homes with more efficient cooling and warming. new technology Yet the fact is, global emissions are still increasing, and countries are seemingly resistant to implementing the necessary pricing and regulatory policies to speed up the energy transition that is so central to reaching net zero. In part, this is because of vested interests, in part because not enough attention is being paid to a just transition, for example with respect to workers whose livelihoods are closely linked to fossil fuels.At this stage, it will be hard to avoid the need for further technological solutions if the world is to have any hope of meeting the Paris Agreement temperature goals. Indeed, by 2050 almost half of the emission reductions required to reach global net zero may need to come from technologies that are currently at the demonstration or prototype stage, according to the International Energy Agency.
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