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- Emissions. The energy transition in the power sector is well under way and global power sector emissions have most likely peaked in 2022. In order to stay on track for net zero, emissions in all sectors need to peak now and start declining fast.
- Carbon Budgets. Our modelling shows that, while a pathway that limits global temperature increases to 1.5 degrees Celsius by 2050 looks increasingly out of reach, there are still plausible pathways to stay within 1.77C of warming in our Net Zero Scenario.
- Abatement. Switching power generation from fossil fuels to clean power is the single biggest contributor to global emission reductions in our Net Zero Scenario, accounting for half of all emissions abated over 2022-50.
- Primary Energy. In our Net Zero Scenario, oil, gas and coal consumption all peak nearly immediately, if they have not done so already. Under this scenario global coal demand peaks in 2022, gas demand peaked in 2021, and oil demand peaked in 2019, before the Covid-19 pandemic.
May 21, 2024 · Governments and companies need to spend an extra $34 trillion on the clean energy transition between now and 2050 to reach net-zero emissions, according to BloombergNEF.
Jun 21, 2024 · New artificial intelligence data centers are coming online so fast that the electricity demand is straining global power grids and threatening clean energy goals.
- Josh Saul
Jul 19, 2024 · The world’s demand for electricity in 2024 is set to grow at its fastest pace in years, but clean energy sources will also soar through 2025, the International Energy Agency forecasts.
Executive Summary. The window to reach net-zero emissions by 2050 is rapidly closing but there is still time for the world to get on track – if decisive action is taken now. Failure to do so risks putting even a 1.75C global warming target out of reach. Progress has been made.
Jan 30, 2024 · New York, January 30, 2024 – Global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion, according to Energy Transition Investment Trends 2024, a report published today by research provider BloombergNEF (BNEF). This number is a new record level of annual investment and demonstrates the resilience of the ...
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Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal.
