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nam securities limited (538395) ✌️【Risk Avoidance】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. Global demand for oil, natural gas and coal is likely topeak by 2030— an “encouraging” development but “not nearly enough” to limit the rise in global temperatures to 1.5 degrees Celsius, the International Energy Agency said Tuesday.

Planet-heating pollution from the energy sector is also set to peak this decade, the IEA said in an update to its landmark “Net Zero Roadmap” report.

Fatih Birol, the agency’s executive director, told reporters Tuesday that the “path to the 1.5 degrees target is narrowing” but there were “legitimate reasons to be hopeful.”

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. Scientists consider warming of 1.5 degrees athresholdbeyond which extreme heat, floods, droughts, wildfires, and food and water shortages will have a catastrophic impact. This year’s summer in the Northern Hemisphere was the world’shottest on record, according to the European Union’s Copernicus Climate Change Service.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Scientists also say that to stay in line with the 1.5 degree cap, global greenhouse gas emissions must go down to zero by 2050 on a net basis, taking account of all the emissions produced and removed from the atmosphere.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Since the original publication of the “Net Zero Roadmap” report in 2021, the world has seen “record growth” in solar power capacity, as well as bumper sales of electric vehicles, the IEA wrote.

In the past two years, “solar became the king of electricity markets,” Birol said. “The old king — coal — is over, and now solar is the new king… the cost is coming down.”

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. Two years ago, he added, one in every 25 new cars sold around the world was electric. This year, that share has increased to one in every five.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. And more than 80% of the emissions reductions needed by 2030 can be achieved through expanding renewable energy sources, increasing electrification, improving energy efficiency and cutting methane emissions, according to the IEA.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Still, limiting global warming is a “herculean task,” Birol said, noting that achieving the 1.5 degree target would require a 25% plunge in demand for fossil fuels by 2030 compared with current levels.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The IEA calculates that investments in clean energy worldwide will need to more than double from the $1.8 trillion projected for this year to $4.5 trillion every year by the early 2030s. Staying on track for 1.5 degrees also means that almost all countries must move forward their target dates for achieving net-zero carbon emissions, it wrote Tuesday.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Meanwhile, carboncapture, utilization and storage— a set of technologies that prevents carbon going into the atmosphere at the source of the pollution — as well as hydrogen-based energy and biofuels require “rapid progress” by 2030.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The world’s leaders are due to gather in Dubai for the United Nations’ COP28 climate summit in late November to assess the global progress toward limiting warming to 1.5 degrees.

In its2021 report, the IEA said that, to reach net-zero carbon emissions by 2050, investment in new oil and gas projects must stop immediately, and no new coal-fired plants should be approved.

But some of the world’s fossil fuel producers have ignored that call. In July, the UK governmentannounced plansto allow a big expansion of drilling for oil and gas in the North Sea.

Prime Minister Rishi Sunak said at the time that he hoped the plans would provide Britain with domestically sourced energy while the country transitioned to a net-zero economy by 2050.

In September, the Organization of the Petroleum Exporting Countries — a group that includes the world’s largest crude oil exporter Saudi Arabia — said that halting investment in new oil and gas projects would set up the global energy system to fail “spectacularly.”

“It would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” Haitham Al Ghais, OPEC’s secretary-general, said in astatement.

Oil prices have surgedin recent months following a decision by OPEC and its leading ally Russia to slash crude supplies in a bid to prop up prices.

Brent crude, the global benchmark, has gained 28% since a low in late June to trade near $93 a barrel. West Texas Intermediate, the US benchmark, has risen by a similar margin to $89 a barrel.

nam securities limited (538395) ✌️【Risk Avoidance】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Access to Community 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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