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Netanyahu: If Lebanese Army takes steps to disarm Hezbollah, Israel will engage in reciprocal measures, including phased reduction of Israeli military presence in Lebanon
Al Mayadeen's correspondent: Photojournalist Houssam Al-Masri martyred, reporters Hatem Omar, Mohammad Ashraf Salameh injured in Israeli strike on Nasser Medical Complex.
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace

IEA: Carbon Emissions Will Fall 60% Short of Their 2050 Target

  • By Al Mayadeen
  • Source: Agencies
  • 13 Oct 2021 15:04
2 Min Read

Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’.

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  • 70% of the $4tn investment required to reach net zero must flow into emerging markets
    70% of the $4tn investment required to reach net zero must flow into emerging markets

Current plans to cut global carbon emissions will fall 60% short of their 2050 net-zero target, according to the International Energy Agency (IEA), urging leaders to use the upcoming Cop26 climate conference to send an “unmistakable signal” with concrete policy plans.

In its annual World Energy Outlook, the IEA predicted that carbon emissions would decrease by just 40% by the middle of the century if countries stick to their current climate pledges.

Net-zero target; the ultimate goal

The organization said the difference between current plans and the necessary change to reach the net zero target was severe, requiring up to $4tn in investment over the next decade alone to bridge the divide.

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IEA Executive Director Fatih Birol told The Guardian that major economies recovering from Covid-19 were already missing the opportunity to spur investment in clean energy.

 “We are witnessing an unsustainable recovery from the pandemic,” he said, citing sections of the report that show coal use growing strongly, contributing to the second-largest increase in CO2 emissions in history.

“[They should say] we are determined, if you invest in old energy sources, dirty energy sources, you are risking to lose your money. If you invest in clean energy, you’ll make handsome profits,” he said. 

Emerging markets and developing economies much needed

The IEA’s Outlook estimates that 70% of the $4tn investment required to reach net zero must flow into emerging markets and developing economies.

The warning comes as the UK and Europe wrestle with sky-high gas prices that threaten to increase winter costs for consumers, shut down factories and disrupt under-pressure supply chains for food and retail.

The crisis highlighted the danger of relying on fossil fuels that are subject to price volatility, but also the fact that the region still relies heavily on gas, with renewables unable to meet energy needs yet. 

However, it also pointed to the potential economic opportunities of net zero. It said existing pledges to reduce emissions would create 13m jobs but that stepping up the measures to meet the target would double that figure.

  • carbon emissions
  • Carbon Emissions Reduction
  • Climate change
  • Climate crisis
  • Climate Summit
  • IEA
  • International Energy Agency
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