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New Energy Outlook report 2022
December 13 , 2022
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- The global, clean energy research provider BloombergNEF released New Energy Outlook Report 2022.
- The greenhouse gas emissions from developing countries, especially India, is expected to continue to increase until the end of 2030.
- The emissions will decline in these countries only in the early 2030s.
- Since emissions in Europe, the United States, Australia and Japan has already peaked in 2022, they are expected to decline rapidly in the following years.
- In China, the emissions are expected to peak in 2022 and stabilize for a while before they realign with developed countries’ trajectories.
- Limiting global temperature rise to 1.5°C cannot be easily achieved.
- It is possible to maintain the global temperature increase to 1.77°C if pro-active actions are taken.
- However, investment in the clean energy sector must be three times higher than fossil fuels to achieve the Net Zero Target by 2050.
- Emissions need to decline by 30 per cent by the end of this decade and overall, by 6 per cent a year to 2040.
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