The net zero emissions (emissions that are almost nil) by 2050 can only be achieved by a significant turnaround in the following years. And this at all levels. To do this, policymakers, companies and citizens must pull the same line. New laws are needed to establish stricter goals and to provide certainty for companies, citizens and investors. At the same time, the energy supply must be guaranteed and also affordable. If not, the transition will lose the trust and support of the population.
A net zero emission means that worldwide greenhouse gas emissions must be reduced by 40 percent in ten years. This can be achieved through a massive switch to electricity from renewable energy. In this scenario, the IEA is counting on 75 percent by 2030. This requires a substantial investment in a robust and extensive electricity network: worth an annual amount of 847 billion euros. Worldwide, the fleet should consist of more than half electric cars by 2030. Last year we were at 2.5 percent … These are a few examples of how fast it all has to go.
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