The United Nations’ Emissions Gap Report 2022 warns that current global efforts are insufficient to meet the Paris Agreement’s goal of limiting global warming to 1.5°C. Following COP 28, over 200 nations agreed to accelerate the energy transition by tripling renewable energy capacity and doubling energy efficiency by 2030.
In this article, Dr. Carole Nakhle, CEO of Crystol Energy, and Ron Beck, Senior Solutions Director at Aspen Technology, underscore the urgent need for a massive reduction in greenhouse gas (GHG) emissions, particularly from fossil fuels, to mitigate climate change. They further discuss the dominance of fossil fuels in the global energy mix and the challenges of maintaining energy security during the transition.
Despite some setbacks, there has been progress in renewable energy investments and technological advancements, particularly digital technologies like AI, which enhance energy management and efficiency.
Related Analysis
“Why 2023 could prove to be both the worst and the best year for climate change“, Dr Carole Nakhle, Apr 2024
“COP28: A ‘historic’ climate deal?“, Dr Carole Nakhle, Jan 2024
“Energy Security, Affordability and Sustainability: The Grand Alliance“, Dr Carole Nakhle & Ron Beck, Jan 2024
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