· 3 min read
illuminem summarises for you the essential news of the day. Read the full piece on Oil Price or enjoy below:
🗞️ Driving the news: Rystad Energy forecasts that global carbon emissions will peak by 2026, driven by the accelerating adoption of clean electricity and electrification, particularly in the transport sector
• The rapid growth of renewables, including solar and wind, is expected to push the world toward a 1.9°C warming scenario by 2040, despite the resilience of oil and gas in the near term
• Renewables will see record additions, with over 700 GW expected to be added in 2024-2025, further decarbonizing the energy sector
🔭 The context: Global clean electricity’s share of primary energy has surged from 9% in 2015 to over 14% in 2025, marking an unprecedented shift in the energy system
• The report outlines three key steps to achieving global emissions reduction: cleaning up and expanding the power sector, electrifying most industries and transport, and addressing residual emissions
• This transition is already reshaping investments, with low-carbon technologies attracting more capital than fossil fuels, and the gap expected to widen in the coming years
🌍 Why it matters for the planet: Rystad's prediction that emissions will peak by 2026 signals a critical turning point, suggesting the world is moving toward a decline in emissions, driven by renewable energy
• However, current nationally determined contributions (NDCs) fall short of the levels needed to meet the 1.5°C target outlined in the Paris Agreement
• The shift to low-carbon energy is essential to mitigating the worst impacts of climate change and to securing a sustainable future for all sectors reliant on energy
⏭️ What's next: Looking ahead, Rystad forecasts that by 2030, low-carbon investments will capture 46% of global energy capital, surpassing fossil fuel investments
• Oil and gas will continue to play a significant role, particularly in petrochemicals and transport, but their growth will slow as clean energy technologies dominate the capital flows
• The next decade will be crucial in accelerating the energy transition, with policy decisions and investment in renewables shaping the energy system by 2040
💬 One quote: "Today’s capital flows determine the 2040 energy system. The shift toward low-carbon investments is inevitable, and it will define the future of global energy." — Jarand Rystad, CEO, Rystad Energy
📈 One stat: Renewable energy investments currently surpass $900 billion annually, outpacing the $735 billion invested in oil and gas
Explore carbon credit purchases, total emissions, and climate targets of thousands of companies on Data Hub™ — the first platform designed to help sustainability providers generate sales leads!
Click for more news covering the latest on energy transition
