Energy agency IEA predicts a greener electricity mix by 2030 with almost 50% renewable energy

Energy agency IEA predicts a greener electricity mix by 2030 with almost 50% renewable energy

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According to a report by Tagesschau, the global energy sector will change significantly by 2030. According to the International Energy Agency (IEA), the electricity mix of the future will be significantly “greener” as the share of renewable energy increases to almost 50 percent. The IEA report says clean energy technologies such as solar power, wind power, electric cars and heat pumps are driving a huge change in the way we power factories, vehicles, home appliances and heating systems.

The IEA specifically predicts that there will be around ten times as many electric cars on the roads by 2030. In addition, more heat pumps and other electric heating systems will be sold worldwide than conventional fossil-fueled boilers.

Photovoltaics are expected to generate more electricity than the entire U.S. power system today. Furthermore, investment in offshore wind projects could be three times higher than in new coal or gas power plants.

According to the IEA, energy-related CO2 emissions will peak in 2025. Fossil fuels are expected to account for just 73 percent of the world's energy supply by the end of the decade, compared to the previous 80 percent.

Despite these changes, the Paris climate goal of limiting global temperature rise to 1.5 degrees compared to pre-industrial times will not be achieved, according to the IEA. Therefore, the organization proposes to triple the global renewable energy capacity and improve energy efficiency and reduce methane emissions from fossil fuels by 75 percent. Investments in clean energy are also needed in poorer countries and the use of fossil fuels must be reduced.

Another aspect that the IEA raises is the possible oversupply of gas due to numerous new LNG projects from 2025. This would lead to an increase in capacity, lower prices and a reduction in supply fears.

The IEA also points out that developments in China represent an important influencing factor for the energy sector. The structural changes and declining demand for fossil fuels in China could have an impact on the global energy sector.

In conclusion, the IEA's forecasts point to a greener and more sustainable future in the energy sector. The increasing use of renewable energy, the increased use of electric vehicles and the improvement of energy efficiency will lead to significant changes. However, further measures are required to achieve climate goals and limit the effects of climate change.

Source: According to a report from www.tagesschau.de