Discover and read the best of Twitter Threads about #WEO22
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My customary deep dive on @IEA #WEO22
⏩Energy transition "turbo charged" by Russia's war
⛰️Fossil fuels to peak by 2027
❤️🔥Peak gas: "Golden age of gas" is over
🌄Solar outlook +20% vs last yr; wind +15%
🌡️Warming 2.5C (1.7C if pledges met)
1/
carbonbrief.org/in-depth-russi…
My customary deep dive on @IEA #WEO22
⏩Energy transition "turbo charged" by Russia's war
⛰️Fossil fuels to peak by 2027
❤️🔥Peak gas: "Golden age of gas" is over
🌄Solar outlook +20% vs last yr; wind +15%
🌡️Warming 2.5C (1.7C if pledges met)
1/
carbonbrief.org/in-depth-russi…
The world is finally set to decouple GDP from fossil fuel use & CO2 emissions, after more than a century
The fossil fuel outlook has been transformed since Paris (grey-blue wedges in the chart)
Even since last yr the shift is dramatic (thanks Vlad)
2/
carbonbrief.org/in-depth-russi…
The fossil fuel outlook has been transformed since Paris (grey-blue wedges in the chart)
Even since last yr the shift is dramatic (thanks Vlad)
2/
carbonbrief.org/in-depth-russi…
The global energy crisis is having major impacts that will reverberate for decades, the IEA says
And it's clear that high fossil fuel prices triggered by Russia's war are the reason
European TTF MA gas price in Sep22 was 24x (!) higher than in Sep20
3/
carbonbrief.org/in-depth-russi…
And it's clear that high fossil fuel prices triggered by Russia's war are the reason
European TTF MA gas price in Sep22 was 24x (!) higher than in Sep20
3/
carbonbrief.org/in-depth-russi…
A 🧵of new reports before #COP27
🇪🇬 @UNFCCC #NDCs synthesis report
🌍 @UNEP #EmissionsGap report
⚠️@WMO Greenhouse Gas Bulletin
🪫@IEA World Energy Outlook
📋@ClimateActionTr #StateOfClimateAction
🌡️@IISD_Energy Navigating Energy Transitions
⚕️@LancetCountdown #LancetClimate22
🇪🇬 @UNFCCC #NDCs synthesis report
🌍 @UNEP #EmissionsGap report
⚠️@WMO Greenhouse Gas Bulletin
🪫@IEA World Energy Outlook
📋@ClimateActionTr #StateOfClimateAction
🌡️@IISD_Energy Navigating Energy Transitions
⚕️@LancetCountdown #LancetClimate22
2/9 🇪🇬@UNFCCC #NDCs synthesis report:
📈The combined climate pledges of 193 Parties under the #ParisAgreement could put the world on track for around 2.5°C of warming by 2030.
💥#LossAndDamage escalates with with every increment of global warming💥
🔗unfccc.int/news/climate-p…
📈The combined climate pledges of 193 Parties under the #ParisAgreement could put the world on track for around 2.5°C of warming by 2030.
💥#LossAndDamage escalates with with every increment of global warming💥
🔗unfccc.int/news/climate-p…
(1) The @IEA's World Energy Outlook 2022 is out! #WEO22
The report highlights harmful venting and flaring that, if stopped, could positively contribute to energy security in a time of crisis.
Here are some key takeaways 👇
The report highlights harmful venting and flaring that, if stopped, could positively contribute to energy security in a time of crisis.
Here are some key takeaways 👇
(2) The annual capacity of #Nordstream1 leaked every year
Flaring, venting and leaks are wasting gas that could be exported to the EU, at a rate equivalent to a year's capacity of the Nord Stream I pipeline. That’s 1/3 of the total gas Europe received from Russia in 2021 🤯
Flaring, venting and leaks are wasting gas that could be exported to the EU, at a rate equivalent to a year's capacity of the Nord Stream I pipeline. That’s 1/3 of the total gas Europe received from Russia in 2021 🤯
(3) Capturing emissions provides energy
Of the 260 billion cubic meters (bcm) of fossil gas that was flared, vented or leaked in 2021, nearly 210 bcm could have been used by gas markets by ending non‐emergency flaring and reducing methane emissions from oil and gas operations.
Of the 260 billion cubic meters (bcm) of fossil gas that was flared, vented or leaked in 2021, nearly 210 bcm could have been used by gas markets by ending non‐emergency flaring and reducing methane emissions from oil and gas operations.
For the first time in its history, the @IEA sees #fossilfuel demand peaking across all of its projections including the “business as usual” (STEPS) scenario. What does it mean for geoeconomics & geopolitics of the global #energytransition? A🧵1/13 iea.org/reports/world-…
The dependency on #fossilfules is a risk to economic resilience & energy security inherent to the currently dominant economic models. High #coal, #oil and #gas prices have knock-on effects beyond energy systems reliability & fuel the global #polycrisis. 2/13
#EU, #UK, #Japan and others embedded a fatal vulnerability into their growth models as they bet on boosting #gas intensity of their economies post Global #Oilcrisis in the 1970s. Now they are forced to pay a high price for this oversight. 3/13
World Energy Outlook 2022 is out!
It shows energy markets & policies are changing profoundly as a result of Russia’s invasion of Ukraine
Today’s crisis promises to be a historic turning point towards a cleaner & more secure energy system
Read more ⬇️ iea.li/3SOmGBW
It shows energy markets & policies are changing profoundly as a result of Russia’s invasion of Ukraine
Today’s crisis promises to be a historic turning point towards a cleaner & more secure energy system
Read more ⬇️ iea.li/3SOmGBW
The world is dealing with a crisis of unprecedented breadth & complexity
Oil & gas markets are facing major uncertainties amid today’s geopolitical upheaval
High energy prices have stoked inflation & created a looming risk of global recession
Read more: iea.li/3DwmvWj
Oil & gas markets are facing major uncertainties amid today’s geopolitical upheaval
High energy prices have stoked inflation & created a looming risk of global recession
Read more: iea.li/3DwmvWj
Governments around the world are responding to the crisis by doubling down on clean energy – in the US, EU, Japan, China, India & elsewhere
Their new policies are set to help global clean energy investment rise above $2 trillion a year by 2030, an increase of over 50% from today
Their new policies are set to help global clean energy investment rise above $2 trillion a year by 2030, an increase of over 50% from today
