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The global energy transition in a latest report presented, under the name "Thinking global energy transitions: What, if, how and when", has indicated that 2035 as the year will be the one that marks the breaking point where traditional energies will be left out delimited by oil and gas and renewable energy sources will be used for the most part.
Studies and analysts indicate that the global energy transition will be completed when new technologies achieve a 20% market share, or represent 50% of new development or sales activity. It is undoubtedly a reference to the growing sustainability movement that is betting on objectives such as decarbonisation, green investments and corporate social responsibility, while promoting sustainable technological progress.
The report makes it clear that renewables and new sustainable technologies are the two key factors driving this transition. Experts affirm that "there is no alternative to a 100% renewable energy world" as well as that "the easiest part of this trajectory will be the change to renewable energies in the electricity sector, while the most complex work will have to be done for the sectors transport, industry and chemicals".
But, it is true that the growth of renewable energy goes far beyond electrification, and that "By 2035, the convergence of the two will usher in the era of renewable energy," says another of the experts in the report. In addition, it is expected that after 2035 the planet will see its renewable energy adoption rates continue to increase.
Last week, the Intergovernmental Panel on Climate Change (IPCC) released a new report on different forms of global warming. His key discovery was that unprecedented changes are needed in all aspects of society, very quickly and on a large scale. Until the year 2035, a global investment of 2.4 trillion dollars will be necessary, only between 2016 and 2035 for the transition of sectors such as the industrial, energy, agricultural, residential and transport sectors; a figure that, according to the authors, is equivalent to 2.5% of world GDP. On the other hand, global human-caused carbon emissions will need to decline by 45% from 2010 levels by 2030 in order to reach "zero emissions" by 2050.
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