Global Dependence On Fossil Fuel

1485 Words6 Pages
The proportion of Renewables must increase to around 50% of the energy mix in most countries and is expected to be over 70% in countries Brazil and Africa. Energy efficiencies and low carbon energy carriers for heating and cooling can decarbonize electricity, significantly reducing the share of fossil fuels to less than 50% in the total energy requirement. Sharing best practices across borders can help transfer innovative technologies and support energy transition plans for many of the developing countries that are majorly dependent on coal as a primary source of energy. Over the coming years the dependence on fossil fuel will have to gradually reduce and much of investment must go into making this transition possible. Governments, international corporations and other investing parties that can back-up small entrepreneurs, suppliers and local universities in their research and sharing of knowledge across the spectrum of value chain. International collaboration and continuous dialogues between the stakeholders to share both risks and benefits of such collaborations can facilitate knowledge sharing. This will result in technologies being transferred across borders to decarbonize development and The International Energy Agency (IEA) thorough its institutional activities is involved in collaboration of energy technology. The following are few of the initiatives (Energy Technology Perspectives, IEA 2015): i. Enabling innovation through 39 co-operative agreements which include
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