Study: Renewables and EV boom will struggle to move world onto 2C pathway

James Murray
clock
McKinsey Energy Insights predicts renewables will account for "almost all the growth in global power generation through to 2050"
Image:

McKinsey Energy Insights predicts renewables will account for "almost all the growth in global power generation through to 2050"

McKinsey Energy Insights predicts the energy and auto markets are entering a period of rapid transformation, but warns change is not happening fast enough to meet Paris Agreement's climate goals

Renewables are set to dominate the global energy market and demand for electric vehicles will soar over the next decade, but neither industry will make fast enough progress to ensure the world meets targets...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

Nissan's LEAF is one of the world's top selling EV models | Credit: Nissan

Nissan powers up EV, battery, and home energy goals with new $17.7bn plan

Japanese carmaker aiming for 75 per cent EV sales in Europe by 2030 as it invests in global supply chain for battery technology

Michael Holder
clock 29 November 2021 • 4 min read
Site of the HyGreen Teesside project in Hartlepool | Stock: BP

BP plots major renewable hydrogen plant on Teesside

Facility will be built in stages and start producing 'green' hydrogen by 2025, under plans unveiled today

Cecilia Keating
clock 29 November 2021 • 4 min read
The company using education to help save lives in India

The company using education to help save lives in India

Industry Voice: Schroders' Jonathan Fletcher explains how one consumer goods firm is helping to cut child mortality rates in India through water and sanitation programmes

Schroders
clock 29 November 2021 • 1 min read