Net Zero By 2050: A Roadmap For The Global Energy Sector
This report outlines a pathway for the global energy sector to reach net-zero CO2 emissions that emphasizes the transformation of the electric power sector and the three main end-use sectors – industry, transport, and buildings. The electric power sector, while the largest source of energy-related CO2 emissions today, has the potential to be the first economic sector to achieve net-zero emissions due to its lower costs, widespread policy support, and maturity of an array of renewable energy technologies. A key piece of this transformation is increased transmission investment. The report finds that tripling current global electricity network investment by 2030 and beyond can allow global renewables capacity to more than triple by 2030 and increase ninefold by 2050.