Clean energy will reduce our life cost
According to the report titled " Strategies for Great Price and Fair Clean Energy Transitions" IEA, additional investments are required to reach the net zero emissions targets up to 2050.
However, the realization of this target will also reduce the operating costs of global energy systems over the next 10 years compared to the predictive scenario that the current policies will continue.
Governments spent about 620 billion dollars to subside the use of fossil fuels in 2023. This expenditure exceeds 70 billion dollars spent to support clean energy investments for the consumer. [[T]]] [
In addition to faster energy conversion, the increase of renewable energy resources such as solar and wind is predicted that it will provide additional benefits to consumers. [
During the global energy crisis revealed after Kovid-19 epidemic, consumers spent about 10 trillion dollars in addition to the subsidies and emergency support of governments. The average of over 1200 dollars for the per person’s head, and the average of the previous 5 years was 20 percent increase. High prices affect the most fragile cutting in both developing and developed economies.
]
In the report, there are also warnings to be careful against new risks that are not eliminated by the risk of price shock in the transition to clean energy and can affect the energy safety of governments. Geopolitical tensions are indicated to fluctuations in both traditional fuels and clean energy supply chains.
IEA President Fatih Birol noted that the report on:
] [
"If the data are moving fast to clean energy, it clearly reveals that it is cost-effective for governments, businesses and households. If policy makers and sector leaders have come to move and spend today, tomorrow we will have to pay more. Global analysis, which is the first example of our new report and its kind, shows that the way to make energy more affordable for more people is not slowing down the transitions. However, it is necessary to do much more to help poor household people get a place in the new clean energy economy of society and countries. "
However, the realization of this target will also reduce the operating costs of global energy systems over the next 10 years compared to the predictive scenario that the current policies will continue.
Governments spent about 620 billion dollars to subside the use of fossil fuels in 2023. This expenditure exceeds 70 billion dollars spent to support clean energy investments for the consumer. [[T]]] [
In addition to faster energy conversion, the increase of renewable energy resources such as solar and wind is predicted that it will provide additional benefits to consumers. [
During the global energy crisis revealed after Kovid-19 epidemic, consumers spent about 10 trillion dollars in addition to the subsidies and emergency support of governments. The average of over 1200 dollars for the per person’s head, and the average of the previous 5 years was 20 percent increase. High prices affect the most fragile cutting in both developing and developed economies.
]
In the report, there are also warnings to be careful against new risks that are not eliminated by the risk of price shock in the transition to clean energy and can affect the energy safety of governments. Geopolitical tensions are indicated to fluctuations in both traditional fuels and clean energy supply chains.
IEA President Fatih Birol noted that the report on:
] [
"If the data are moving fast to clean energy, it clearly reveals that it is cost-effective for governments, businesses and households. If policy makers and sector leaders have come to move and spend today, tomorrow we will have to pay more. Global analysis, which is the first example of our new report and its kind, shows that the way to make energy more affordable for more people is not slowing down the transitions. However, it is necessary to do much more to help poor household people get a place in the new clean energy economy of society and countries. "
Source: Energy