Global organisation
The total number of energy sector jobs is expected to expand under the Transforming Energy Scenario to nearly 100 million (up from 58 million in 2017), but their spread will be uneven among regions. Asia dominates with a 60% share of all energy sector jobs in 2050 (Figure S.12).
The energy transformation would boost gross domestic product (GDP) by 2.5% and total employment by 0.2% globally in 2050. It would also bring broader social and environmental benefits. Health, subsidy and climate-related savings would be worth as much as USD 160 trillion cumulatively over a 30-year period, the report finds.
Global GDP in 2050 would be 2.4% higher under the Transforming Energy Scenario than under the Planned Energy Scenario. The cumulative gain would be about USD 98 trillion, a finding shaped by several drivers in the global economy.
We project that in non-OECD countries, electricity will account for more than half of the energy used in households by 2050, compared with 33% in 2020. In non-OECD commercial buildings, we project that electricity will make up an even larger share of energy consumption in 2050, at 64%.
Asia dominates with a 60% share of all energy sector jobs in 2050 (Figure S.12). Compared with the Planned Energy Scenario, all regions gain jobs under the Transformed Energy Scenario. But Southeast Asia experiences the largest differential (81%), followed by Oceania (57%), Sub-Saharan Africa (36%) and North America (28%).
In non-OECD commercial buildings, we project that electricity will make up an even larger share of energy consumption in 2050, at 64%. Globally, we project increased consumption of natural gas through 2050.
Global CO 2 emissions from electricity generation are expected to fall by more than 2% in 2024 after increasing by 1% in 2023. This is set to be followed by small declines in 2025 and 2026. …
Thus, every dollar spent in transforming the global energy system provides a payoff of at least USD 3 and potentially more than USD 7, depending on how externalities are valued. Renewables, meanwhile, would create more new jobs …
By 2030 there are 14 million jobs created in global energy supply, and a further 16 million in clean energy end-uses; but inclusive policies are needed to support reskilling & diversification in …
Global nuclear capacity totaled 375 GW in 2020, according to the International Atomic Energy Agency. The Declaration to Triple Nuclear Energy "recognizes the key role of …
Nuclear power plays a significant role in a secure global pathway to net zero. Nuclear power doubles from 413 GW in early 2022 to 812 GW in 2050 in the NZE. Annual nuclear capacity additions reach 27 GW per year in the 2030s, higher …
The Global Renewables Outlook shows the path to create a sustainable future energy system. This flagship report highlights climate-safe investment options until 2050, the policy framework needed for the transition …
19 September, New York | Offshore wind has enormous untapped potential to drive the global energy transition and tackle the climate and energy crises. A new multi-stakeholder alliance – the Global Offshore Wind Alliance – will aim to …
Global nuclear capacity could be 890 GW by 2050: IAEA IAEA global nuclear projections up every year since 2020 Installed nuclear power capacity estimates for 2050 have …
The global sustainable heat in place and power capacity are shown in Fig. 10. The results on a country, regional and global level are presented in the Supplementary …
The International Renewable Energy Agency (IRENA), the Global Wind Energy Council (GWEC), and the Government of Denmark have partnered to create Global Offshore …
This volume comprises three chapters: Chapter 1 presents transition pathways to 2030 and 2050 under the Planned Energy Scenario and the 1.5°C Scenario, examining the required …
4 · By 2050, global energy use in the Reference case increases nearly 50% compared with 2020—mostly a result of non-OECD economic growth and population, particularly in Asia; …
In our International Energy Outlook 2021 (IEO2021) Reference case, we project that, absent significant changes in policy or technology, global energy consumption will increase nearly 50% over the next 30 years. Although …
The UN''s Global Roadmap sets out milestones the world must reach to achieve net-zero emissions by 2050. It includes no new coal power plans after 2021 and $35bn annual …
The global offshore wind industry installed 6.1GW of capacity in 2020, down slightly from a record 6.24GW in 2019, although GWEC expects a new record year in 2021, as China''s offshore wind sector rushes to install …
Global renewable energy capacity by scenario, 2022 and 2030 - Chart and data by the International Energy Agency.
We have revised the global Renewables 2023 forecast up by 33% (or 728 GW) from our December 2022 publication. For most countries and regions, this revision reflects policy …
The definitive status report for the global wind industry has been published. Featuring the latest key statistics, chapters looking at the key challenges facing the sector and explorations of the …
A latest report from the International Solar Alliance and Long-Distance Energy Storage (LDES) Council projects a target of 75,000 gigawatts (GW) of solar capacity by 2050.Their target is to …
In 2020, the multi-stakeholder Ocean Renewable Energy Action Coalition (OREAC) set a target of 1,400 GW by 2050 to sustain a 1.5°C pathway, which went far beyond long-term scenarios at …
Platts Analytics said electrolysis manufacturing capacity was the bottleneck in ramping up production, but said global capacity was adequate to meet the European targets. Many of the projects in the database have not …
With countries committing to net-zero emissions by 2050, the global green hydrogen sector is poised for significant growth, supported by substantial investment and broad international …
The significant global fall in electricity demand in 2020 affected generation technologies to different extents. While the increase in renewable generation of about 6.6% was the largest ever in absolute terms, fossil fuel and nuclear …
In this respect, the Global Renewables Outlook shows the path to create a sustainable future energy system. It highlights climate-safe investment options until 2050 and the policy …
The global wind industry installed a record 117GW of new capacity in 2023, making it the best year ever for new wind energy, finds this year''s Global Wind Report from the Global Wind …
The study projects a 40% decline in global coal-fired generation by 2050, with significant decreases expected across most regions except India and emerging Asia. In India, …
Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study highlights immediately deployable, cost-effective options for countries to fulfil …
S&P Global forecasts capture prices for German offshore wind to drop sharply to an average of Eur48.20/MWh in 2030, according to its March 29 long-term forecast to 2050. …
The recent International Energy Agency (IEA) Net Zero Roadmap makes it clear that transforming the global energy system in line with limiting global warming to 1.5°C …
Global investment in battery energy storage exceeded USD 20 billion in 2022, predominantly in grid-scale deployment, which represented more than 65% of total spending in 2022. After solid …
A pathway for the transformation of the global energy system • The acceleration envisaged in the REmap Case would significantly transform the global energy system. » Flat energy demand - …
Besides the introduction and key takeaways, the Global Energy Scenarios publication details the three Enerdata scenarios including: Enerbase (+3°C), EnerBlue (between 2.0°C and 2.5°C) and EnerGreen (<+2°C), with a …
• Solar a global success story, towards TW scale installations annually: To support the tripling of global RE capacity by 2030 and subsequently meet the Net zero target, …
In the Achieved Commitments scenario, for example, global energy-related CO 2 emissions are expected to peak around 2023 and decline by 69 percent to 11 gigatons of CO 2 (GtCO 2) by 2050. Across these scenarios, …