Covid-19 recovery a “lost opportunity for the energy transition”
The latest edition of DNV’s Energy Transition Outlook report finds that, while there are plenty of encouraging forecasts for renewable energy, decarbonization ambitions laid out in the Paris agreements are unlikely to be met. The report finds that in most cases Covid-19 recovery policy has served to lock in emissions-intensive systems, and that urgent action is needed to push decarbonization in hard to electrify sectors such as shipping and heavy industry.
Have global carbon emissions peaked?
Accreditation institute DNV GL has made some astonishing carbon-related predictions as it prepares the next edition of its Energy Transition Outlook report. The Norwegian body says transport-related emissions have peaked and those of the iron and steel industries may well have too.
The energy transition is easily affordable but all hope of 1.5C warming will vanish in 2028
Technical consultancy DNV GL has published its Energy Transition Outlook 2019. While the electric vehicle, storage and renewable energy industries are likely to see significant rises in demand, the sobering conclusion is the world will miss carbon reduction targets by a long shot.
Solar PV to grow 65-fold by 2050, 2°C target will be missed by a long shot – report
DNV GL has issued its annual Energy Transition Outlook. It reports that global electricity demand is set to grow by a factor of 2.5. Over half of this demand is expected to be met with renewable energy by 2050, while storage will play a key role. It adds that grid infrastructure expenditures are less related to variable renewable energy assets than to increasing energy demand. In the current scenario, meanwhile, global warming is likely to reach 2.6°C.
