The Green Energy Transition Must Happen Roughly Three Times Faster than Previous Fuel Transitions to Maintain a Livable Planet
There Is a $18 Trillion Investment Gap to Finance the Transition Through to 2030The Economics of Our energy Systems Will Fundamentally ChangeInvesting in Low-Carbon Energy Can Improve Energy Sustainability, Affordability, and SecurityBOSTON—Renewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050, according to industry standard models, to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example to coal and to hydrocarbons. These are among the findings of a new publication released today by Boston Consulting Group (BCG) Center for Energy Impact, titled The Energy Transition Blueprint.
