Rapid scaling-up of solar, wind energy crucial for carbon targets, BloombergNEF says

July 28, 2021 / www.metalbulletin.com / Article Link

More than three-quarters of the effort to reduce carbon emissions to net-zero by 2050 will have to be made by the power sector and through faster adoption of wind and solar options, according to the New Energy Outlook 2021 report published last week by research consultancy BloombergNEF.

Global energy-related emissions must drop to 30% below 2019 levels by 2030, and to 75% below by 2040, to be on track to reach the Paris Climate Agreement's net-zero goal by mid-century, the report said.

The power sector must make the greatest progress over the next decade, reducing emissions by 57% from 2019 levels by 2030, and then 89% by 2040.

The report outlined three distinct scenarios -"green" prioritizing clean electricity, "red" with extensive use of nuclear power, and...

Recent News

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com

Gold stocks up even as metal pulls back

July 28, 2025 / www.canadianminingreport.com

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok