By 2025, the roadmap also calls for re-directing subsidies for fossil fuel consumption towards renewable energy and energy efficiency.
The world’s annual investment in renewable energy and energy efficiency should double in the same time frame.
The United Nations wants to create 30 million jobs in renewable energy and energy efficiency by 2025, doubling to 60 million jobs by 2030.
“These will help ensure an inclusive, green recovery by investing in poverty reduction, health, education and social security,” says the United Nations.
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Net zero means no new call
Earlier – by the end of 2021 – the roadmap calls for no new coal power plans in the pipeline.
By 2030, the roadmap aims to eliminate coal power plants completely for the member countries of Organization for Economic Cooperation and Development (OECD), and phased out globally by 2040.
By 2030, global annual investments in renewable energy, energy efficiency and renewable energy capacity also need to be tripled, it says.
Global roadmap aims to achieve Sustainable Development Goal 7 One of the 17 Sustainable Development Goals established by the United Nations General Assembly in 2015. It pledges to “ensure access to affordable, reliable, sustainable and modern energy for all” by 2030.
The United Nations says that achieving the milestones set in the roadmap will enable the world to reach net-zero emissions by 2050.
Currently, renewable energy deployment is lagging, particularly in transportation, industry, heating and cooling, it adds.
and without deep decarbonization of global energy systems, the goal of Paris Agreement Quickly to limit global warming to 1.5C”get out of reach,
This Article Originally published in World Economic Forum.
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