Almost one billion people without access to electricity
In its World Energy Outlook 2019 report, the institution warns of the deep disparities of today's energy world, including 'oil markets and geopolitical tensions, carbon emissions and climate targets, the promise of energy for all and the lack of electricity access for 850 million people around the world.'
The report highlights 'The gap between the latest scientific evidence highlighting the need for ever-more-rapid cuts in global greenhouse gas emissions and the data showing that energy-related emissions hit another historic high in 2018.'
The IEA forecasts that if energy demand rises by 1.3 percent annually until 2040, as predicted, there will be 'strains across all aspects of energy markets and a continued strong upward march in energy-related emissions.'
However, the report clarifies that with more responsible policies, global energy demand could be reduced to an increase of just one percent per year, and more than half of that figure would be guaranteed by renewable sources, such as solar power.
However, the IEA considers that the boost to clean energy technologies is not enough to compensate for the effects of an expanding world economy and a growing population.
While the rise in emission is slowing down, rise in emissions slows but, 'with no peak before 2040, the world falls far short of shared sustainability goals.' ■