IEA report shows mixed results of climate change battle
The global economy is heading on a greener path. Though there are many controversial studies showing contradictory finding, this one study with positive outcome can be a ray of hope. For the first time in last four decade, the carbon emissions are not increasing due to global economic growth. Thanks to massive effort by activists, governments and Non-governmental organizations. The war against the global warming is intensifying world over and the emissions haven’t increased last year but economy grew by significant margin.
International Energy Agency, chief research body for global energy use, informed about the developments in its report. The new power generation capacity now has more than fifty percent contribution of non-traditional energy sources. The year was fueled by growth in Germany, China, United States and Japan. The investments in green energy project in these countries reached whooping $270 billion and the availability of clean energy is also growing. The significant contribution to new power generation capacity by green sources means people are actually installing solar panels and wind farms to fulfill daily energy use.
The costs to generate energy from renewable source have been decreasing constantly. But there is darker side to the story. The present improvements are not enough to stop global warming to 2 degree Celsius. In a long-term, such small emission cuts will only slow down the pace of problem. Without strong political will and agreement on the issue, the global temperature will increase by 3.5 degree Celsius in next 200 years, according to the data released by the agency.