IRENA's global RES outlook sees widening gap between rhetoric and action

S&P GLOBAL PLATTS | The gap between rhetoric and action in global climate action policy has widened, the International Renewable Energy Agency (IRENA) said in a first global renewables outlook. The agency's reference case (PES) sees CO2 emissions increase slightly by 2030 and then decline roughly to today's level by 2050, resulting in a global temperature rise of 2.5 C.

A scenario based on policies around the time of the 2015 Paris Agreement would result in continued strong annual emission gains and a temperature rise of 3 C or more in the second half of this century.

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