The current German coalition government is seeking to accelerate the country's transition away from fossil fuels and nuclear to renewable and sustainable production energy means. The global energy transition is off track to prevent the worst impact of the climate emergency, according to the head of the International Renewable Energy Agency, and a fundamental course correction is required to successfully pivot away from fossil fuels. It is widely regarded as a crucial global target because so-called tipping points become more likely beyond this level of global heating. Tipping points are thresholds at which small changes can lead to dramatic shifts in Earth's entire life support system. "We are off track," Francesco La Camera, director general of IRENA, told CNBC's "Squawk Box Europe" on Tuesday.

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