The sun will be the world’s largest energy source by 2050

Fatih Birol said at the online press conference regarding the IEA’s “Zero Emissions in 2050: Roadmap for the Global Energy Sector” report, that this year global emissions will experience the second largest increase in history and that there is a growing gap between the policies announced by governments and their practice. .

Drawing attention to three important issues in order to reach the zero emission target, Birol said, “First, we need to make maximum use of existing clean energy resources and technologies. Second, we should put innovation at our center in the energy sector, use and support it in the best way to reduce emissions. Thirdly, we should minimize the use of fossil resources. we have to download it. ” he spoke.

Stating that investments should be increased on the way to zero emission target, Birol continued as follows:

“Currently, more than $ 2 trillion is invested annually in the global energy sector. This should increase to $ 5 trillion annually by 2030. Today’s investments are dominated by fossil fuels, but these investments must be dominated by clean energy resources to reach the target of zero emissions. According to our calculations, increasing investments can lead to an annual growth of 0.4 percent of the world economy. We predict that electricity production from clean energy sources will increase significantly. The current share of the sun in the global energy system is 1 percent. it will rise and the sun will become the biggest source of energy. “

Stating that 30 million additional jobs could be created in the world by 2050 with investments in clean energy, Birol stated that 5 million jobs could be lost in the fossil fuel sector.

“No need for new oil and gas investment”

Birol stated that the demand for fossil fuels will gradually decrease and this transformation in the energy sector will significantly decrease the incomes of countries whose economies are dependent on fossil fuels such as the Middle East, Russia and Nigeria.

Stating that the revenues from oil and natural gas will decrease by approximately 70 percent, Birol said:

“I would like to share some important milestones in our zero emission roadmap. Accordingly, as of this year, there is no need for new fossil fuel supply investments. As of this year, there is no need for new coal power plant investments worldwide. In 2035, there will be no new internal combustion engine car sales. When all this happens, the global electricity industry will become zero carbon by 2030. “???????