Nearly all of the world's coal reserves and 30 % of its oil should be left alone in order to keep climate change at bay, a Russian scientist said on August 16, 2017.
Mikhail Yulkin, the director general at the Center for Environmental Investments, told Tass that investors were moving to low-carbon energy resources with such vigor that it was needless to call it alternative energy.
According to the IEA, global coal production declined last year by 458 million tons as advanced economies move toward greener resources.
«In order to reach the climate change parameters set out in the Paris accords, it is necessary to leave in the earth 80 % of explored coal, up to one half of gas and 30 % of oil, which means that other sources [of energy] will be developing,» Yulkin was quoted as saying.
The IEA reported that renewable energy generation grew 3.8 % last year in advanced economies to account for about a quarter of total electricity generated.
In the last 15 years, the IEA estimates solar power alone grew by 43 %.
Russian total coal production, according to the World Energy Council, has declined significantly since just before the collapse of the Soviet Union.