Electricity grids must be equipped to handle more variable power
Huge global electrification plan needed for net zero – ETC
World will need $2tn/yr to electrify new sectors, develop demand-side response and upgrade grids
A huge electrification programme that will see global electricity supply rise from 27,000TWh/yr today to as much as 130,000TWh/yr by 2050 will be key to hitting the goals of the Paris Agreement, according to a new report by thinktank the Energy Transitions Commission (ETC). This is significantly higher than levels of electrification foreseen by the International Renewable Energy Agency (Irena) or Bloomberg New Energy Finance in earlier reports. “To deliver this requires significant increase in investment” Dale, BP “This important report…highlights the central role that zero-carbon electricity needs to play in order for the world to get to net zero,” says Spencer Dale, group chief eco
Also in this section
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
12 March 2025
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
