Some 960GW of new solar PV and wind capacity must be deployed globally each year by 2030 to be on track to reach net zero by mid-century, according to new analysis from BloombergNEF (BNEF).
While progress has undoubtedly been made in decarbonising the energy sector, more is needed, and fast if we are to meet the Paris Agreement goal writes Jukka Lehtonen, vice president at Wärtsilä Energy.
Prime Minister Boris Johnson has committed to cutting the UK’s emissions by at least 68% by 2030.
Renewables, green hydrogen and carbon capture utilisation and storage (CCUS) will be key to ‘Herculean’ task of keeping global warming within 2-degrees.
Soaring renewables required under the UK’s binding climate change targets will send wholesale power prices crashing and fundamentally alter the workings of the power sector towards wider use of ‘capacity contracts’.
Every building in the world must attain ‘net zero carbon’ status by 2050 if the effects of global warming are to be limited to below 2 degrees Celsius, a new report has claimed.