Large consumers can help drive the clean energy transition – but they need better data

2023-10-21
To build a net zero energy system by mid-century and limit global warming to 1.5 °C, the world needs to triple the installed capacity of renewables and double the annual rate of energy intensity improvements by 2030. However, the additional renewable capacity the International Energy Agency (IEA) expects to come online by the end of the decade falls short of what’s needed to meet international climate targets. Advanced economies and China are expected to install just 85% of what’s required, while emerging and developing economies would have to deploy almost twice as much as planned today.
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