{"id":9004,"date":"2018-05-20T09:15:43","date_gmt":"2018-05-20T09:15:43","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2018\/05\/20\/ev-renewables-see-co2-emissions-plateau-2030-far-2-degree-pathway\/"},"modified":"2018-05-20T09:15:43","modified_gmt":"2018-05-20T09:15:43","slug":"ev-renewables-see-co2-emissions-plateau-2030-far-2-degree-pathway","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2018\/05\/20\/ev-renewables-see-co2-emissions-plateau-2030-far-2-degree-pathway\/","title":{"rendered":"EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway"},"content":{"rendered":"

McKinsey Energy Insights (MEI)<\/a>, the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released the 2018 Reference Case <\/a>of its Global Energy Perspective (GEP) on long-term global energy demand.\u00a0Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO\u2082 emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway.<\/p>\n

MEI forecasts that by 2030 every fifth car sold globally will be electric and not just in early adopter markets. Sales of EVs will rise from 3% in 2020 to 20% by 2030, however, the growth in light-duty electric trucks is expected to be slower, growing from 1% to 12% in the same period.<\/p>\n

Renewables are expected to take almost all the growth in global power generation through to 2050. MEI expects that in the next 5-10 years it will become more economic to build renewable capacity than operate existing gas- or coal-fired power plants in most markets. This will trigger further declines in the utilization rates of fossil-fueled plants, with solar and wind growing 5-10 times faster than gas. Overall, the additional global net capacity of power generation to 2050 will be 80% renewables, with China and India contributing more than 50%.<\/p>\n

However, despite major growth in the EV market and the increasing dominance of renewables, a rising population and increasing wealth in non-OECD countries will drive significant energy demand growth, offsetting CO\u2082emission reductions elsewhere.<\/p>\n

Ole Rolser, Associate Partner and Solution Leader at MEI, comments: \u201cDespite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, energy-related emissions remain flat from 2030 to 2050. As developing countries continue to rely heavily on cheap coal, non-OECD energy demand will replace the efficiency gains made by OECD countries. To realize the 2 degrees pathway scenario, we\u2019d have to see much broader, much more disruptive change than what we\u2019re seeing now.\u201d<\/p>\n

GEP was developed by MEI supported by McKinsey and energy experts globally and across industries. It delivers long-term projections on how the energy transition will unfold to 2050 across 145 countries, 28 sectors, and 57 energy types.<\/p>\n

McKinsey Energy Insights, a specialist analytics unit within McKinsey, provides distinctive analysis, insights, and support to energy players.\u00a0MEI\u2019s dedicated specialists apply proprietary tools and methodologies and a data-driven approach. With its strong ties with McKinsey\u2019s oil and gas consulting practice and collaborations with the wider McKinsey network, its research and analysis yield knowledge available nowhere else.<\/p>\n

They have over 100 dedicated specialists, across London, Houston, Singapore, Amsterdam, and Wroclaw and an extended network, as part of McKinsey & Company, of over 500 energy specialists, in 105 offices across the globe.\u00a0Focused on integrating market insight with analytics, MEI combines McKinsey\u2019s industry knowledge and expertise with rigorous analytics delivered in market outlooks and cloud-based analytics software, bespoke scenario planning, and performance improvement programs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO\u2082emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: \u201cDespite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we\u2019d have to see much broader, much more disruptive change than what we\u2019re seeing now.\u201d<\/p>\n","protected":false},"author":2,"featured_media":9005,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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