Renewable energy could power the world by 2050. Here’s what that future might look like

  • Date: 28-Feb-2020
  • Source: World Economic Forum
  • Sector:Oil & Gas
  • Country:Middle East
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Renewable energy could power the world by 2050. Here’s what that future might look like

The roadmaps call for these countries, which are collectively responsible for 99.7% of global CO2 emissions, to switch to 100% clean, renewable wind, water and solar power no later than 2050, with at least 80% renewables by 2030.. The study divides all the planet's countries into 24 regions which can work together on grid stability and energy storage solutions, so energy demand matches supply between 2050 to 2052.. Moving to clean energy is key to combating climate change in the past five years, the energy transition has stagnated.. Energy consumption and production contribute to two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago.. While replacing fossil fuels with mainly wind and solar power is entirely possible by 2030, such a dramatic transformation couldn't be achieved in the short-term without the full support of policymakers, investors and many other relevant organizations.. By 2050, solar power could account for 79% of the country's energy demand, supported by enhanced battery and water storage solutions to lower energy system costs.. Through collaboration, the world can speed its transition to sustainable energy and a sustainable future.. The views expressed in