Why renewable power?
The global power sector is the source of over 30% of all emissions, a figure that is on track to grow with global economic development and the electrification of transportation and building sectors. Under the Net Zero Emissions (NZE) scenario modelled by the International Energy Agency, electricity consumption will more than double from 2020 to 2050, from around 22,000 to 60,000 TWh. In order for this dramatic growth in consumption and resulting economic development to remain within a net zero emissions scenario, we must shift ever faster to renewable power.
While undergoing this transition, in order to support long-term climate resilience, we must also ensure access to reliable energy for the 800 million people without and clean cooking to the over 2 billion people in the world still using inefficient, polluting cooking systems.