International Energy Agency Calls For Ending Oil Wells And Combustion Engines, Gasoline And Diesel By 2035

Written by Valdemar Medeiros

Published on 24/05/2021 at 14:37

Updated on 24/05/2021 at 14:53

Recarga de Carro elétrico – Fonte: Roberto Abreu fotografo

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With The Goal Of Emitting Zero Carbon By 2050, The International Energy Agency (IEA) Asks Companies To Stop Investments In Oil Wells And Sales Of Gasoline And Diesel Combustion Engine Cars By 2035

The International Energy Agency (IEA) claims that by 2050, the entire energy sector could produce with zero carbon emissions. In a report, the agency calls for the cessation of investments in new oil wells, as well as the sale of gasoline and diesel combustion engine cars by 2035.

IEA Fighting Climate Change And The End Of Oil Stations

Until a few years ago, the IEA spoke about the risk of bottlenecks in gas and oil supply due to the use of new renewable energies, and now it is combating climate change and, therefore, urges companies to forget new investments in oil wells, combustion engines, gasoline, and diesel, to focus on renewable energy sectors and concentrate all investments there.

According to the agency, a decline in oil demand has already begun, which will not reach the peak achieved in 2019. Demand for natural gas will also decrease soon, according to the agency, potentially reaching by 2030, being 18% lower than in 2020 and, in 2050, it will have a reduction of up to 75%, compared to the previous decade.

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The Constant Growth Of The Renewable Energy Market

The agency states that, instead of oil and gas wells, investments will be directed towards solar and wind energy. The projected increase will be from US$ 2 trillion today to US$ 5 trillion by 2030, and there is a probability that this amount will remain constant in the coming years.

Thus, the wind and solar energy produced in 2030 will be quadruple that of 2020, which, even with the pandemic, is already being considered a record year. It is important to note that, according to IEA data, by 2050, global energy demand will be 8% lower than current demand.

The End Of Gasoline And Diesel Combustion Engines

Stepping away a bit from the IEA report, we should base all investments of automakers on shifting away from gasoline and diesel combustion engines. The process of electrification has been progressing more quickly in European countries than in Brazil and the rest of Latin America; however, there are investments, such as Volvo’s, which announced that it will no longer manufacture vehicles with gasoline or diesel combustion engines in Brazil and Norway.

Even though Brazil is not among the largest examples in the electric car market, Volvo says its entire strategy is explained by the numbers. In addition to this automaker, many others are closing their production of traditional cars and moving towards electric vehicles.

International Energy Agency Calls For Ending Oil Wells And Combustion Engines, Gasoline And Diesel By 2035

With The Goal Of Emitting Zero Carbon By 2050, The International Energy Agency (IEA) Asks Companies To Stop Investments In Oil Wells And Sales Of Gasoline And Diesel Combustion Engine Cars By 2035

Read Also

IEA Fighting Climate Change And The End Of Oil Stations

The Constant Growth Of The Renewable Energy Market

The End Of Gasoline And Diesel Combustion Engines

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International Energy Agency Calls For Ending Oil Wells And Combustion Engines, Gasoline And Diesel By 2035

With The Goal Of Emitting Zero Carbon By 2050, The International Energy Agency (IEA) Asks Companies To Stop Investments In Oil Wells And Sales Of Gasoline And Diesel Combustion Engine Cars By 2035

Read Also

IEA Fighting Climate Change And The End Of Oil Stations

The Constant Growth Of The Renewable Energy Market

The End Of Gasoline And Diesel Combustion Engines

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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The commander of the Brazilian Army publicly admitted that the country now perceives real threats in South America, something that, according to him, did not exist in the past, and advocates for the increasing use of drones and technology to secure the borders.

In China, even those who beg on the street already have a QR Code, paper money has practically disappeared from daily life in just ten years, and the entire country has come to live on invisible payments via mobile phones.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.