Renewable Energy Growth Puts World on Track for Net Zero Emissions by 2050, Says Report
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Russia's invasion of Ukraine has spurred countries to install more solar and wind power to reduce reliance on costly fossil fuels. This growth puts the world on track for net zero emissions by 2050.
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The International Energy Agency (IEA) report says clean energy innovation and adoption has accelerated, reducing the need for future unproven technologies.
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The IEA says renewable energy capacity must triple and electric vehicle sales sharply rise by 2030 to reach 2050 goals. This requires $4.5 trillion in clean energy investment annually.
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The transition requires phasing out fossil fuel consumption and infrastructure investment. Agriculture and cement production changes are also needed.
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The report offers hope but must address climate change impacts and adaptation needs like increased infrastructure to withstand flooding.
