The roadmap to restrict global warming to 1.5 degrees Celsius above pre-industrial levels is essential for achieving net-zero global emissions by 2030.
To reach near-zero carbon emissions by 2030, we need a balanced energy mix with natural gas and renewables, diverse technologies, and trillions of dollars in investments. This will lead to a sustainable future.
Electricity is expected to become the main energy source for transportation in the next 30 years. The global electric vehicle charging stations market is predicted to exceed $100 billion by 2026, with a growth rate of over 25% annually from 2021 to 2026.
Renewable energy will make up 52% of electricity by 2050. India aims for 175 GW of renewable energy by 2022, with hydropower being the largest source. Battery storage will be more affordable, with Li-ion batteries costing 54-61% less by 2030.