The IEA estimates an investment of 1.7 trillion euros in 2023 to reduce emissions

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International cooperation, more ambitious goals or increasing investments in clean energy are some of the guidelines established by the International Energy Agency (IEA) for all countries with the objective of ffight global warming and a zero emissions planet.

For this, the international organization has announced that it will be necessary a global investment of 1.8 trillion dollars (1.7 trillion euros) during the year 2023. According to forecasts, this record figure will increase to 4.5 (4.24 billion euros) annually during the first years of the next decade.

This investment activity will help pursue another related goal such as decrease in demand for fossil fuels by 25% by 2030 and 80% by 2050. In the case of coal, and according to the roadmap set by the Agency, the demand for coal in 2030 will fall by more than 1,000 million tons compared to 2022. In the case of oil, it will go from 100 million barrels per day to 77 in 2030 and that of natural gas, from 4,150 billion cubic meters in 2022 to 3,400 in 2030.

In the specific case of Spain, the great progress is seen in the generation of energy through photovoltaic panels. In 2021 alone, and according to data provided by the Spanish Photovoltaic Union (UNEF), 4,700 MW were installed. A record figure that makes the country the third in Europe -behind Germany and Italy- in this type of facilities. In fact, and according to this same report, renewable energies accounted for 81% of the new installed capacity globally in 2021.

After milestones such as those mentioned, the IEA estimates that Emissions may be reduced by 35%. In this way, the world is getting closer to achieving its main objectives: staying within the limit of 1.5º of global warming and a world without polluting emissions.

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