Nicholas Lane’s Post

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

According to PwC's Net Zero Economy Index, global #carbonintensity reduction has slowed to its lowest in over a decade. One standout finding from 2024 is the challenge of a #justtransition. ✅ There is disparity in #decarbonisation rates between #developed (G7: -5.31%) and #developing nations (E7: +0.04%) indicating challenges for a just transition ✅ Developed countries must lead in reducing #emissions and provide #financial and #technological support to help developing nations transition away from #fossilfuels Other major findings include: ☑️ 1.5°C overshoot becoming a likely reality ☑️ Renewable energy capacity up, but fossil fuels still dominant ☑️ Renewed focus on managing #energy demand ☑️ #Public and #private sector collaboration needed Explore the findings in detail here: https://lnkd.in/gicCu8cX #netzero #climateaction #sustainability Energy Institute | International Energy Agency (IEA) | The World Bank | OECD - OCDE | Ministry of New and Renewable Energy (MNRE) | Ministry of Power

PwC UK’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption, putting progress at risk. Find out how businesses and policy makers can take action. #NetZero #Sustainability

PwC UK’s Net Zero Economy Index 2024 highlights a concerning trend: global decarbonisation has stalled. Despite a boost in renewable energy capacity, rising energy demands have driven fossil fuel use up too. To close the gap between goals and actions, we need to expand the use of renewable energy, but also manage energy demand and efficiency better. #NetZero #Sustainability

In case you missed it last week in the excitement of NY Climate Week, some pretty bleak reading I'm afraid on our actual progress: @PwC’s Net Zero Economy Index 2024 reveals that global decarbonisation efforts have stalled, with a carbon intensity decrease of just 1.02% in 2023. Despite a rise in renewable energy capacity, surging energy demand led to an increase in fossil fuel consumption. Find out how businesses and policy makers can take action. https://pwc.to/4esbTIE #NetZero #Sustainability

🌍 **Global Investment in Clean Tech: A Path to Net Zero** The International Energy Agency projects global investment in clean technologies to reach $2 trillion this year, nearly double the amount spent on fossil fuels. However, this is still less than half the $4.5 trillion annual investment needed by the early 2030s to achieve net zero goals. Despite the significant growth in wind and solar capacity, no major economy is currently on track to meet its 2030 emissions reduction targets, according to Wood Mackenzie. The pace of change remains slow, with much of the action expected to accelerate post-2030. With global investment in clean tech on the rise, Cenergy see immense opportunities to drive sustainable energy forward. Join us in supporting this transition and exploring collaboration opportunities. Together, we can contribute to a greener and more sustainable future. #CleanTech #NetZero #RenewableEnergy #EnergyStorage #Cenergy #Sustainability #Innovation #RFB #Investment

Global energy demand is rising faster than expected, with emerging economies driving much of the growth by 2050, according to the International Energy Agency (IEA). Yet, over 700 million people in these regions still lack electricity. To achieve an inclusive and sustainable energy transition, it is crucial to rethink how energy markets operate—how energy is bought, sold, and traded. The IFC - International Finance Corporation led panel on "Unlocking Power Markets for Decarbonization" explores how redesigning power markets can unlock potential for the shift to a sustainable, low-carbon future where no one is left behind. Learn more here: https://bitly.cx/WZd0bA. #BRANDi #BRANDiGlobal #ThinkWithBRANDi #GoodtoGREAT #GlobalEconomy #Sustainomy #FutureReady #PowerMarket #ClimateFinance #ClimateAction #Sustainability #COP29 #UNFCCC #FinanceCOP #BakuClimateSummit

"Higher for longer" means "slower to transition" 🐌🐌🐌 🌍 Never mind culture wars, high interest rates are the real curveball in the journey towards a Net Zero economy, according to Wood Mackenzie's latest analysis. 💸 Why? Because, the persistently high rates spike the cost of transitioning to a net-zero global economy, hitting renewables and emerging technologies hardest. 📈💡 🦅 In the US, a 2% increase in the risk-free interest rate sjack up the levelised cost of electricity (LCoE) for renewables by a staggering 20%, whereas gas turbine plants would only see an 11% rise. 📈💨 And this is before anyone said "cost of living" crisis! 🙀 ☀️ So even though renewables may hold a general edge over hydrocarbons, rising interest rates are putting a dent in their advantage. 💨💰 🔑 Wood Mackenzie's analysis doesn't just point out the problem; it also offers three key policy recommendations for policymakers. 📝 1️⃣ Targeted and non-discriminatory subsidies 💚 👉 But, can this be done without trade wars? 2️⃣ Strengthen carbon markets like Article 6 of Paris Agreement 🌍💼 👉 But, can this be done in mercantile, "beggar thy neighbour" G20 3️⃣ More climate finance, leveraging derivatives, to fuel low-carbon investments. 💰🌱 👉 Because it ended so well the last time 🚀 So can we tackle these challenges head-on and accelerate towards a sustainable, net-zero future? Or is endless green energy a bit like 10-min grocery delivery, a ZIRP phenomenon? #RenewableEnergy #NetZero #ClimateAction