S&P Global study says 1.5C target unreachable as emerging-market energy demand set to jump over 60% by 2060
Energy demand from emerging markets and developing economies (EMDEs) could rise by more than 60% by 2060, adding the equivalent of another China to global primary energy consumption, according to a new S&P Global Energy study cited by IT-Online.
The study, Multidimensional Global Energy Pathways, puts the projected EMDE demand increase at 155 exajoules on top of current global primary energy demand by 2060.
S&P Global argues that meeting that demand while preserving energy security, resilience and affordability renders more ambitious climate goals infeasible, even assuming exponential growth in renewables and rapid electrification.
On that basis, the study concludes that capping global temperature rise at 1.5 degrees Celsius is not reachable under any plausible trajectory, and that reaching global net-zero emissions before the end of the century is unlikely.
Source: it-online.co.za (opens in a new tab)1 sourcePermalink