Fossil Fuel 2030 Reduction Goal Not Expected to Be Met

 

Key Points:

  • The UN Environment Program study found fossil fuels to double by the deadline of the 2030 reduction goal.
  • Climate experts argue the world must reduce greenhouse gases to help curb global warming.
  • Countries, though, are putting economic growth over sustainability concerns.

Commentary:

A study published by the United Nations Environment Program found that countries are still set to extract double the amount of fossil fuels in 2030, which wouldn’t meet the 2030 reduction goal set by the Paris agreement back in 2015. Climate experts believe in order to help curb global warming, the world must stop adding to the amount of greenhouse gas in the atmosphere by 2050. With these estimates being concerning to experts, we reached out to Ted Dhillon, who is the Figbytes CEO. We asked him if the reason for this estimate was because countries don’t adopt an exact energy alternative.

Abridged Thoughts:

The creation of infrastructure for the generation and distribution of renewable energy is expensive. This is one of the reasons why the shift to a fossil-fuel-free energy future has been so slow. When you look at countries like India and China, economic growth will always trump sustainability concerns regarding policymaking. This is primarily because of the local politics and the geopolitical situation in those regions. But that’s a reality that we have to live with. If these two nations don’t join the program, so to say, then we really will not move the needle in the right direction for all of humankind. Therefore, we have to develop mechanisms to incentivize these nations and reduce the costs for them to accelerate their move away from fossil fuels. 

More Stories Like This:

China Puts an End to Coal Plants Abroad. How Does This Impact the Future of Coal?

Is Our Grid Ready to Handle Next Generation Energy at Scale?

Follow us on social media for the latest updates in B2B!

Image

Latest

Puerto Rican history
Restoring Puerto Rican History After Hurricane Maria
July 25, 2024

Polygon document recovery solutions were put to the test after Hurricane Maria in 2017. Puerto Rican history was at stake from damage to the Instituto de Cultura Peurtorriqueña building, causing leaks, humidity, and mold. Polygon’s document recovery center received nearly 2,000 boxes of documents from Puerto Rico in 2023. These valuable pieces of Puerto…

Read More
document recovery
Document Recovery Chamber: Inside Polygon’s Advanced Vacuum Freeze-Dry Process
July 25, 2024

Join Chris Chylack, District Manager at Polygon U.S., as he provides an insightful tour of their advanced vacuum freeze-dry process at the Allentown, Pennsylvania, Document Recovery Center. This state-of-the-art procedure begins by stabilizing water-damaged materials in blast freezers, preventing further degradation. The materials are then subjected to a sublimation process in a specialized chamber,…

Read More
managing humidity
Managing Humidity in a NCAA Ice Rink
July 25, 2024

Indoor ice rinks, crucial for sports and recreation, often face challenges managing humidity, leading to condensation and fog. These issues arise from factors like spectator presence, inadequate ventilation, and temperature variations, impacting playability and revenue. A case study at a NCAA Division 1 rink in Massachusetts highlighted how failing air handlers jeopardized operations just…

Read More
MedPAC
MedPAC’s Miss on Reality of Home Health Financial Reality Results in Suggested Cut in 2025 Proposed Rule
July 24, 2024

The March 2024 MedPAC report recommending a 7% payment reduction for home health agencies in 2025 has sparked significant concern within the industry. Why is this recommendation being met with such resistance, and what does the financial reality of home health agencies look like in contrast to these federal suggestions? Are the MedPAC recommendations…

Read More