Continue to support fossil fuels
And governments continue to dole out billions in subsidies for coal, oil and gas, at a rate of about $ million a minute. For the sake of the health of our societies and the planet, we have to leave them, and leave them now. There is only one certain path to achieve energy security, stabilize electricity prices, achieve prosperity and make the planet habitable: abandon polluting fossil fuels and accelerate the energy transition based on renewable energy.
To that end, I have called on G governments
To dismantle coal infrastructure and phase it out completely, by in OECD countries and by everywhere else. I have urged financial actors to abandon financing fossil fuels and invest in renewable energy. And I have proposed a five-point plan to boost Hong Kong WhatsApp Number List renewable energy around the world. First, we must make renewable energy technology a global public good, including removing intellectual property barriers to technology transfer. Second, we must improve global access to supply chains for components and raw materials for renewable energy technology.
In gigawatts of battery storage were installed
Worldwide. We need gigawatts of storage capacity by Clearly we need a global coalition to achieve this. Transportation bottlenecks and supply chain limitations, as well as rising costs of lithium and other battery metals, make it difficult to China Phone Number List expand these technologies and materials when we need them most. Third, we must reduce the paperwork that hinders solar and wind projects. We need fast-track authorizations and more initiatives to modernize electrical grids. In the European Union, approval to install a wind farm takes eight years, and in the United States ten.
