Source: Global emissions set to peak in 2024 thanks to EVs,… | Canary Media
In 2024, global carbon emissions will peak — reaching their highest levels ever — then, they’ll begin to decline.
That’s according to a new report from the independent research firm DNV, which found that the rapid rise of renewables and electrification has put the world on track to cut greenhouse gas emissions in half by 2050.
That’s far out of step with global climate goals. To avoid warming the planet by more than 1.5 degrees Celsius — the limit determined in the Paris Agreement to avoid the worst impacts of climate change — emissions would need to halve far sooner than that, by 2030. Along the current trajectory, DNV predicts the atmosphere will warm 2.2 degrees Celsius by 2100.
Still, “It’s really a milestone,” according to Sverre Alvik, an author of the report and program director of the energy transition outlook at DNV. “Instead of saying that we’re on the wrong track, we can say that we’re on the right track, although we’re still at the wrong pace.”
The world is managing to bend the curve on emissions due to the mass adoption of solar, batteries, and electric vehicles. These emissions-free technologies are helping to displace fossil fuels; next year, renewables could surpass coal, per an International Energy Agency forecast released last week.
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