Energy Transition: Powering it with Technology
In the 2021 World Energy Outlook (WEO) report, the International Energy Agency (IEA) gave a rather disheartening prediction: The world can only reduce carbon emissions by 40% by 2050 going by the current national pledges. As the ravages of the global pandemic subside, the world must devise ways to accelerate the energy transition. According to the 1.5°C decarburization pathway released recently, at least USD 5 trillion annually in investments is needed to fulfill the Paris Agreement goals.
So the big question is: How can energy technologies contribute to this urgent need? Read on to learn about the impact of technology in this era.
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