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The US’s Energy Information Administration predicted in its International Energy Outlook 2021 report that if current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as […].
The report provides an outlook to 2050 for each energy type and carrier, including hydrogen, sustainable fuels, natural gas, oil, and coal, as well as a view on the role of carbon capture, utilization, and storage (CCUS).
Only China (pledged to become carbon-neutral in 2060), South Korea (2050), Japan (2050), New Zealand (2050), and Indonesia (2060) have set a net-zero target, leading to different approaches and progress in regulating sustainable finance activities.
Zero-emission fuels and vessels will need to start being deployed at scale over the next decade to achieve full decarbonization of the shipping sector by 2050. This ambitious goal could be catalyzed by green corridors.
How can the cement and construction industry achieve net zero by 2050? Here are the key takeaways from a roundtable discussion McKinsey hosted at the COP26 Climate Change Conference.
At the end of COP27, concerns are growing that a 1.5º Pathway is getting out of sight. Our latest Global Energy Perspective offers important insight on how temperature increases vary across scenarios.
By harnessing opportunities across sectors—particularly in power—Vietnam could potentially accelerate decarbonization to achieve net-zero emissions by 2050.
The US government has a goal: net-zero emissions by 2050. Our analysis maps out a pathway to this net-zero frontier—and the growth opportunities that $27 trillion of capital spending could create.
How can the cement and concrete industry reach net-zero emissions by 2050? McKinsey hosted panelists at the World Economic Forum Annual Meeting 2023 in Davos to offer their insights.
trillion in infrastructure spending needed per year until 2050 will go toward new construction—offering opportunities to fight climate change by reducing embodied emissions. Three-quarters of the $9.2
Based in different countries, these startups show how new clean technologies are reshaping the market and working towards decarbonizing the planet by 2050. Source: Frame Stock Footage/Shutterstock. In the past, we've talked about why the new generation of clean technologies, — also referred to as Cleantech 2.0
To go carbon neutral by 2050, Europe needs more electric vehicles on the road—and many more EV chargers too. What will this build-out look like and what might it cost?
Green bank financing could mobilize hundreds of billions in investment toward net-zero emissions by 2050 as well as advancing environmental justice in the US.
Spain can reach net-zero emissions by 2050 through a society-wide effort that leverages the country’s natural endowments and new technologies to unlock sustainable and inclusive growth.
European governments have set the target of 450GW of offshore wind by 2050 and 116GW between 2022 and 2026. The region was responsible for 50.4% of total cumulative global offshore wind installations, followed by Asia with 49.5% market share.
In 2020, about 12 million people were employed in the renewable energy sector, and it is predicted that the green economy will create up to 43 million new jobs by 2050. However, governments and companies need to focus on building a future-proof workforce to ensure they will succeed in their net-zero emissions goals.
By 2050, it is predicted that the industry will create up to 43 million new jobs. Fossil fuels have dominated the 20th century, but the consensus is that cleantech will power the 21st century.
The sustainability efforts have been made official with the 2017-2050 UAE Energy Strategy plan. National economic development is linked to a commitment to a sustainable future and investment in renewable energy projects, green technology and carbon neutrality.
As one of the world leaders in the production and use of renewable power, Canada is committed to reducing its carbon emissions by 40 to 45 per cent below 2005 levels by 2030 and achieving net-zero by 2050.
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The week-long event from September 17-24 focused on accelerating action to achieve net zero emissions by 2050 and building a more just and equitable society. Climate Week NYC This year’s Climate Week NYC was the largest climate event globally, bringing together 500 events and uniting over 10,000 people with a theme of “We Can.
Many countries have committed to reaching net zero by 2050, aligning with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius. trillion to the global economy by 2050. And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3
The move that could cost Indonesia upwards of $30 billion is driven by concerns of Jakarta’s submergence by 2050. . “Jakarta is sinking,” screamed headlines as Indonesia announced moving its capital 2,000 kilometers northeast to Nusantara, on the island of Borneo.
With an 18% drop in total installed costs (2019-2020), this emerging technology can help us achieve net-zero by 2050. The world is in a joint effort to achieve a net-zero economy by 2050. Source: Frame Stock Footage/Shutterstock.
billion by 2050 and to feed the larger population, food production will have to increase by 70%, according to a report from the Food and Agriculture Organization of the United Nations. The world’s population will reach 9.1 That puts additional pressure on the agriculture industry, especially the farmers.
Its aggressive sustainability goals included achieving net zero emissions by 2050, making all packaging reusable or recyclable by 2025 and investing more than USD 3 billion globally over several years to drive momentum.
To achieve this goal, global emissions need to reach net zero by 2050. The plan would require keeping the rise in global average temperatures "well below 2 degrees Celsius" above pre-industrial levels and trying to limit global warming to 1.5°
Multiple international events such as GITEX Global 2024 and the Qatar International Food Festival also aim to attract tourists from all over the world Participation in sustainability conversations The Gulf is set to play a prominent role in the climate change and environmental sustainability conversation in the coming years.
The grid itself must green to operate within the environmental, social and governance (ESG) objectives and become carbon neutral by 2050. Addressing challenges of the energy transition with grid asset management The energy transition is gearing up to full speed as renewable energy sources replace fossil-based systems of energy production.
The European Green Deal, aiming to make Europe the first climate-neutral continent by 2050, exemplifies these efforts. For instance, renewable energy could reduce global carbon emissions by up to 70% by 2050 (IEA). Compliance with such regulations is becoming non-negotiable for businesses.
Portugal : The country was one of the first in Europe to pledge carbon neutrality by 2050. More than 85% of Iceland’s electricity comes from local renewable resources, including hydropower and geothermal power.
Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050. A few years ago, Kubota aimed to tackle operational efficiency challenges, water and sewage systems maintenance issues, and staff shortages that many local companies faced.
Even if the local industry were able to comply with the rapid digital transformation proposed by the international roadmap [3] for net zero carbon, the high rate of failures would potentially push the timeline to go beyond 2050. Diving deeper into these failures, two root causes were identified.
Figure 1: Oil and Gas key investment areas by region The most common goal for increased investment in BDA lies within the race towards net zero carbon by 2050. Investment in BDA is estimated at USD$6 billion globally with a CAGR of 22%.
That’s a huge consumer market waiting to be captured, and judging by the trend of this data, it’s exploding – by 2050, one in three U.S. It also has the second largest population of Spanish speakers in the world – after Mexico. citizens will speak Spanish.
Setting the stage for the conversation is the fact that: Energy Information Administration (EIA) projects there will be a demand for 50% more energy by 2050 based on today’s forecast. The world of the future is less carbon intensive, but the need to hydrocarbon will continue in large quantities through 2050 and beyond.
The country, according to the Knight Frank and Citi Private Wealth’s 2012 Wealth Report, will be among the most rapidly growing economies in the world as developing markets in Asia become the major sources of growth across the globe by 2050. At 7.3%, the Philippines’ growth rate is projected to be faster than Mongolia’s 6.9%
AI self-driving cars, for instance, may reduce emissions by 50 percent by 2050 by identifying the most efficient routes. AI self-driving cars, for instance, may reduce emissions by 50 percent by 2050 by identifying the most efficient routes. AI can also be used to fight climate change. AI can also help make the world more sustainable.
Based on current trends, the International Renewable Energy Agency (IRENA) estimated that by 2050 only 20 percent of total commercial and industrial electricity demand will be addressed by renewable energy sourcing. Problem: this leaves a 65-percentage-point gap to fill to reach Paris Agreement targets.
By 2050, it is estimated that nearly 2 billion people will be aged 60 and older. In this installment of our UX in Universal Design series, we will focus on the critical role that accessibility plays in ensuring that older adults can effectively and comfortably engage with health systems.
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