Net-zero targets ‘inadequate’ to hit Paris goals – McKinsey
Faster shift away from fossil fuels toward efficiency, electrification and new fuels needed to keep 1.5°C pathway in sight, according to consultancy
Global warming is projected to reach 1.7°C by 2100—exceeding the goals of the Paris Agreement—even if all countries with net-zero commitments deliver on their aspirations, according to modelling in consultancy McKinsey’s Global Energy Perspective. Most major emitters have committed to net-zero goals, but more will need to be done in the near-term if the world is to stay within reach of the 1.5°C pathway laid out in Paris. “To keep the 1.5°C pathway in sight, even more ambitious acceleration is needed,” says Christer Tryggestad, senior partner at McKinsey. This means a faster shift away from fossil fuels toward efficiency, electrification and new fuels over the next few years. The report echo
Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Comments