The New Energy “Lifeline”

‘Lifeline’ of renewable energy can steer world out of climate crisis: UN chief

18 May 2022 (United Nations News)

“…[H]uman activity is causing harm on a planetary scale - to our land, ocean and atmosphere…[T]he past seven years have been the warmest on record, with global temperature in 2021 reaching about 1.1°C above pre-industrial levels… UN Secretary-General António Guterres said that while time is running out to prevent the worst impacts of the climate crisis, there is a ‘lifeline’ right in front of us…[It is accelerating] the renewable energy transition before we incinerate our only home…[because transforming] energy systems is ‘low-hanging fruit’…

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…[R]enewable energy technologies such as wind and solar are readily available and in most cases, cheaper than coal and other fossil fuels…[T]he UN chief proposed five critical actions to jump-start the energy transition, which he called the ‘peace project of the 21st century’….1. Treating renewable energy technologies as essential global public goods…[and] removing obstacles to knowledge sharing and technological transfer, including intellectual property constraints…

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…2. Secure, scale up and diversify the supply components and raw materials for renewable energy technologies…[with] more international coordination…3. Build frameworks and reform fossil fuel bureaucracies…to fast-track and streamline approvals of solar and wind projects, modernize grids and set ambitious renewable energy targets that provide certainty to investors, developers, consumers and producers…4. Shift subsidies away from fossil fuels…[The half a trillion dollars that artificially lower the price of fossil fuels are] more than triple the subsidies given to renewables…5. Private and public investments in renewable energy must triple… click here for more

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