IEA: World makes haste too slowly on cutting energy use

(Climate News Network, 16 Oct 2020) The annual report card on the global energy industry says progress towards lower energy use must be much faster..

The world is dragging its feet on efforts to tackle the climate crisis by reducing its energy use, according to a global watchdog.

In its World Energy Outlook 2020, the lnternational Energy Agency (IEA) says that while emissions of carbon dioxide (CO2, the main climate-changing greenhouse gas), are falling, the reduction needs to be far steeper to make any meaningful impact.

“Despite a record drop in global emissions this year, the world is far from doing enough to put them into decisive decline”, says Fatih Birol, the IEA’s executive director.

The Agency says energy demand is set to drop by 5% in 2020, with an overall decline of 7% in emissions of CO2 from the global energy sector. This means that annual emissions of CO2 are back to where they were a decade ago, the report says.

Oil demand this year is likely to be down by 8%, while coal use will fall by 7%.

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Climate News Network, 16 Oct 2020: IEA: World makes haste too slowly on cutting energy use