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GLOBAL THE WORLD’S TOP ENERGY AGENCY IS PRESSING FOR AGGRESSIVE CARBON CUTS The world’s most authoritative body of energy analysts, the International Energy Agency, has found in its annual flagship report that the world is headed toward global warming higher than the Paris Agreement’s most aggressive limit of 1.5°C. The agency, long known for its expertise in fossil fuels, lays out a path for countries to move toward using more renewable energy on an aggressive timeline. Getting fossil fuels substantially out of the energy system, it says, would cost 25% more than the $54 trillion the world is already expected to invest by 2040. WIND, SOLAR ARE CHEAPEST POWER SOURCE IN MOST PLACES, BNEF SAYS Wind and solar power are the cheapest form of new electricity in most of the world today. That’s the analysis of BloombergNEF, which predicts a tipping point in five years when it will be more expensive to operate an existing coal or natural gas power plant than to build new solar or wind farms. The findings add to research showing why renewables are spreading in most power markets. Last week, the International Energy Agency said solar is starting to take over from coal as the cheapest form of electricity.
UNITED STATES HOW THE U.S. ELECTION OUTCOME COULD AFFECT CANADA'S ENVIRONMENT AND ENERGY FUTURE This story is part of a five-part series looking at how the policies of the two U.S. presidential candidates, Joe Biden and Donald Trump, differ when it comes to the major issues of interest to Canada, including energy, defence, trade and immigration. Canadian Independent Petroleum Marketers Association | Connection 2020 |
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