With the timing of the gas sector's economic recovery, international climate targets are under threat. According to the IEA (International Energy Agency) report, a 3.6% increase in global gas demand is expected to happen this year. This factor leads to paths opposite the global target, which was zero net emissions by the year 2050.
The Agency published in May that for the energy sector to achieve the zero net emissions target, there must be no financing for oil, gas and coal projects. More than 190 countries have signed the Paris agreement that aims to crack down on global warming levels to 1.5 degrees Celsius.
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