The report provides details of how ExxonMobil’s business strategy is resilient when tested against a range of Paris-aligned net-zero scenarios, including the United Nations Intergovernmental Panel on Climate Change’s 2018 Special Report and the International Energy...
Thestudypresents a “Fast Transition” scenario showing a realistic possible future for a fossil-free energy system by around 2050. It provides 55 percent more energy services globally than we have today by ramping up solar, wind, batteries, electric vehicles, and clean fuels such as green hydro...
The fleet of passenger electric vehicles is set to hit 469 million in 2035 in the Economic Transition Scenario but needs to jump to 612 million by the same date in the Net Zero Scenario. Much of the gap will have to be met in emerging economies, while wealthy countries sh...
London and New York, July 21, 2021–Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF)New Energy Outlook 2021(NEO), the latest edition of its ...
What would a net-zero transition involve?McKinsey’s research simulates one hypothetical, orderly path toward 1.5°C, based on the Net Zero 2050 scenario from the Network for Greening the Financial System (NGFS). This scenario includes an estimate of the economic costs and societal adjustments ...
(Our analysis is not a projection or a prediction and does not claim to be exhaustive; it is the simulation of one hypothetical, relatively orderly path toward 1.5°C using the Net Zero 2050 scenario from the Network for Greening the Financial System, or NGFS.5, McKinsey, Januar...
3). For decarbonization by 2035, electricity price increases vary by region and span 45% to 104% under the Carbon-Free scenario (relative to the Reference scenario), falling to 38% to 80% in the Net-Zero scenario. In the Carbon-Free scenario, electricity price increases disincentivize ...
The broad electrification scenario of recent photovoltaics roadmaps predicts that by 2050 we will need more than 60 TW of photovoltaics installed and must be producing up to 4.5 TW of additional capacity each year if we are to rapidly reduce emissions to ‘net zero’ and limit global warmi...
We know it is not enough to say Citi is committed to tackling climate change. That's the easy part. As the world's most global bank, we can help drive the transition to a net zero economy and make good on the promise of the Paris Agreement. We also know
That scenario, developed in 2019, would meet the Paris Agreement’s aim, with world oil demand still at about 65 million barrels per day in 2040. The IEA estimates about $13 trillion of investment in oil and natural gas wou...