Much stronger action, including the elimination of fossil fuel subsidies, is needed to transform the global energy system, says the International Energy Agency (IEA).
Launching its annual World Energy Outlook (WEO) report, the IEA warns that the Copenhagen Accord and policies adopted by governments around the globe are not enough to limit temperature increases through climate change by 2°C.
According to the IEA's analysis, primary energy demand will increase by 36% between 2008 and 2035 at a rate of 1.2% a year. That figure is down on the 2% average for the previous 27 years, but is only likely to stabilise greenhouse gas concentration at over 650 parts per million - resulting in a temperature rise of 3.5°C. The report indicates that non-OECD countries will account for 93% of the projected increase in primary energy demand, with fossil fuels remaining dominant.
Support for renewables is projected to increase from $57 billion in 2009 to $205 billion in 2035, but renewables will still only account for around 14% of total primary energy demand.
For further information go to www.worldenergyoutlook.org/
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