The current energy crisis reinforces a two-speed energy transition in the short term. By 2050, renewables’ share of the global energy mix will exceed 50%, but we are far from reaching the Paris Agreement climate target.
Devastating consequences are being felt mostly in Ukraine, but the reduction in commodities output is deepening worldwide food insecurity.
By 2050, the global power system will be 70% reliant on variable renewable energy sources.
The fossil slice of the primary energy pie shrinks by around one percentage point per year, going from 80% now to just below 50% in 2050
High energy prices in 2022 have highlighted speed with which energy efficiency initiatives can significantly, and often permanently, ratchet down energy use and costs.
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