The World Economic Forum warned today about the negative consequences that trying to face the current energy crisis with short-term measures would have and that could end up ruining the efforts in favor of an energy transition.
Only this last option, based on accelerating a low carbon economy, can guarantee the energy security and sustainability that is needed for the world to prepare for potential new shocks.
“Short-term measures that make us go backwards, such as increasing electricity production using coal or offering extensive subsidies for consumption, put the energy transition at risk”indicated the entity, which has released this analysis a few days after holding the Davos Forum, its most important annual meeting, between January 16 and 20.
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The Forum recalls that the crisis has put the issue of energy security on the agendas of politicians and the private sector, forcing them to think about responses adapted to a true transition.
Among the immediate actions that are proposed is prioritizing the supply of renewable energy and, instead, reducing the use of fossil fuels.
The International Energy Agency has recommended that for every dollar spent on new fossil fuel production, five should be invested in renewable sources.
Another aspect that is considered vital is the need to reduce methane leaks -a potent greenhouse gas (a phenomenon that causes global warming)- from the hydrocarbon supply chains.
The methane that is found underground escapes through wells, pipelines or deposits, with leaks that can exceed 6%, according to the Forum specialists, who indicate that in this case the benefits for the climate of the use of gas are diluted natural versus coal burning.
The final consumer is also a key element in advancing the energy transition, since -according to the report- the 10% most privileged households in the world consume 20 times more energy than the bottom 10%.
In this case, information and awareness campaigns can help raise awareness of this disparity and change habits.
Source: EFE
Source: Gestion
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