Abu Dhabi (AFP) April 6, 2011
The International Energy Agency is calling for 312 billion dollars in fuel subsidies to be scrapped in a bid to promote clean energy sources, according to a report presented in Abu Dhabi on Wednesday.
"More aggressive clean energy policies are required, including the removal of fossil fuel subsidies and implementation of transparent, predictable and adaptive incentives for cleaner, more efficient energy options," said the Clean Energy Progress Report.
Fossil fuels currently attract 312 billion dollars in consumption subsidies, versus $57 billion for renewable energy, it added, without specifying which countries were to blame.
It is not enough for developed countries to cut their carbon dioxide emissions, the report said, arguing that developing countries must do so as well.
"Even if countries belonging to the Organisation for Economic Co-operation and Development (OECD) somehow drove their emissions to zero, on today's path, emissions from non-OECD countries would still lead to environmental disasters on an epic scale," it said.
According to the same source, renewables are gaining traction, but demand for fossil fuels is growing even faster.
"Despite the tremendous growth seen in this sector, demand for traditional fossil-based energy has outpaced demand for clean energy," the report said.
"For the past decade, coal has been the fastest-growing global energy source, meeting 47 percent of new electricity demand," it said.
The report noted that there are signs that austerity measures adopted by some governments are weakening support for renewables.
But "achieving sustainable energy goals will require a doubling of all renewable energy use by 2020", it said.
The report was presented in Abu Dhabi, the capital of the United Arab Emirates, which ranks seventh in the world for proven oil reserves.
But the emirate, which sits on some 95 percent of the country's oil, also aims to be a centre for renewable energy, through projects such as Masdar City, which is to be powered solely by renewables.
Abu Dhabi was confirmed on Tuesday as the permanent seat of the International Renewable Energy Agency (IRENA).
Share This Article With Planet Earth
Powering The World in the 21st Century at Energy-Daily.com
Cuba to drill five new oil wells by 2013
Havana (AFP) April 5, 2011
Cuba on Tuesday announced plans to drill five deepwater oil wells in the Gulf of Mexico beginning this summer, expressing confidence that its efforts will be rewarded with major new energy finds. "We're about to move to the drilling phase," said Manuel Marrero, an official with the government authority tasked with overseeing Cuba's oil sector. "We're all really hopeful that we will be ab ... read more
Developing Commercial Hydrokinetic Energy Projects|
New Zealand to slash emissions by half
US energy future hazy on Japan, environment fears
Report: China leads in low-carbon energy
Seoul to consider oil tax cuts
US defence secretary holds talks with Saudi king
Giant Batteries For Green Power
Cuba to drill five new oil wells by 2013
Manitoba wind farm comes online
Alstom Announces Commercial Operation Of First North American Wind Farms
Vestas unveils new offshore turbine
US hopes to resolve China wind turbine rift
BlueChip Energy Announces Development Of 40MW Solar Farm In Florida
Industry Analyst Predicts 50 Percent Drop In Solar Project Costs
First Polymer Solar-Thermal Device Heats Home, Saves Money
SolarBridge Named 2011 Edison Best New Product Awards Gold Winner
Brazil re-examines nuclear plant safety
Addressing The Nuclear Waste Issue
History Of Nuclear Power Needs To Be Addressed
Bulgaria, Russia halt work on nuclear power plant
Economics, Physics Are Roadblocks For Mass-Scale Algae Biodiesel Production
Advance Toward Making Biodegradable Plastics From Waste Chicken Features
Short Rotation Energy Crops Could Help Meet UK's Renewable Energy Targets
Boeing Issues First Latin American Study On Jatropha Sustainability
What Future for Chang'e-2
China setting up new rocket production base
China's Tiangong-1 To Be Launched By Modified Long March II-F Rocket
China Expects To Launch Fifth Lunar Probe Chang'e-5 In 2017
Emissions Trading Does Not Cause Pollution Hot Spots
UN climate talks begin amid Kyoto Protocol feud
Are We Really Communicating Uncertain Climate Risks?
UN talks aim to thrash out tough details on climate
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|