TotalEnergies: delivers analysis of energy market
(CercleFinance.com) - TotalEnergies today presented "Energy Outlook 2022", an annual publication aimed at improving the understanding of the global energy system, a few weeks before the opening of the COP27, which will be held in Egypt in November.
The group says that the growing number of countries that have made commitments to be net zero by 2050 is excellent news for the climate, although would nevertheless result in a temperature increase of 2.1 to 2.3 degrees by 2100.
The company has dubbed an alternative scenario aimed at meeting the Paris Agreement targets in 2050, with a temperature rise of "well below 2°C" compared to pre-industrial levels, a "breakthrough".
This will not happen without rich countries supporting emerging countries by promoting a fair energy transition (via investments, technology transfers, training...) with funding at least at the level provided for by the Paris Agreement (100 billion dollars p.a. from 2020).
The current turmoil in the energy markets has reinforced the need for a global dialogue on the energy transition, involving all stakeholders in society, management added.
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The group says that the growing number of countries that have made commitments to be net zero by 2050 is excellent news for the climate, although would nevertheless result in a temperature increase of 2.1 to 2.3 degrees by 2100.
The company has dubbed an alternative scenario aimed at meeting the Paris Agreement targets in 2050, with a temperature rise of "well below 2°C" compared to pre-industrial levels, a "breakthrough".
This will not happen without rich countries supporting emerging countries by promoting a fair energy transition (via investments, technology transfers, training...) with funding at least at the level provided for by the Paris Agreement (100 billion dollars p.a. from 2020).
The current turmoil in the energy markets has reinforced the need for a global dialogue on the energy transition, involving all stakeholders in society, management added.
Copyright (c) 2022 CercleFinance.com. All rights reserved.