"Let's begin with a birds-eye view. Progress has been better than many imagined, but also too slow to meet the goals of the Paris Agreement. By the end of 2024, on average about 13.5 percent of all the low-emissions technologies required for 2050 had been deployed. This was a few percentage points more than two years earlier. But it was also roughly half of what is needed to keep warming "well below" 2°C."
"For example, annual additions of low-emissions power capacity doubled between 2022 and 2024 to around 600 gigawatts. Momentum further strengthened in early 2025. At this pace, the world could plausibly reach a "cruising speed" of roughly 1,000 gigawatts per year before 2030. This would be well in line with what is needed to meet Paris-aligned goals. In the mobility domain, by mid-2025 about one in four new passenger cars sold globally was electric."
Progress in deploying low-emissions technologies has improved but remains insufficient to meet Paris Agreement targets. By end-2024 about 13.5 percent of the low-emissions technologies required for 2050 had been deployed, roughly half of what is needed to keep warming well below 2°C. Deployment progress is highly uneven across sectors: power, mobility, and critical minerals have seen notable gains, while buildings, carbon capture, hydrogen, and industry lag. Annual low-emissions power additions doubled to around 600 GW between 2022 and 2024, with potential to reach roughly 1,000 GW per year before 2030. Leaders require detailed, nuanced planning amid innovation, geopolitics, policy shifts, and rising data-driven energy demand.
#energy-transition #low-emissions-technologies #renewable-power-capacity #electric-vehicles #carbon-capture-and-hydrogen
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