Investment needs in a decarbonised world

Media type: E-Book

Title: Investment needs in a decarbonised world

Contributor: Keramidas, Kimon [Author]; Fosse, Florian [Author]; Diaz Rincon, Andrea [Author]; Dowling, Paul [Author]; Garaffa, Rafael [Author]; Ordonez, Jose [Author]; Ruß, Peter [Author]; Schade, Burkhard [Author]; Schmitz, Andreas [Author]; Soria-Ramirez, Antonio [Author]; Vorst, Camille van der [Author]; Weitzel, Matthias [Author]

Corporation: Europäische Kommission, Gemeinsame Forschungsstelle

Published: Luxembourg: Publications Office of the European Union, 2024

Extent: 1 Online-Ressource (circa 98 Seiten)

Language: English

DOI: 10.2760/836798

ISBN: 9789268109489

Identifier:

Publisher, production or purchase order numbers: Sonstige Nummer: KJ-NA-31-792-EN-N

Keywords: Treibhausgas-Emissionen ; Dekarbonisierung ; Energieversorgung ; Energiewirtschaft ; Investition ; Szenariotechnik ; Welt ; energy policy ; carbon neutrality ; reduction of gas emissions ; energy industry ; G20 ; Paris Agreement on Climate Change ; environmental policy ; environmental protection ; investment ; research report ; Graue Literatur ; Amtliche Publikation

Origination:

Footnote:

Description: This edition of the Global Energy and Climate Outlook (GECO 2023) presents an updated view on the implications of energy and climate policies worldwide to reaching the goals of the Paris Agreement, and contributes to JRC's work in the UNFCCC policy process. This report provides insight into the investment and related new jobs required by the transition to a low-carbon economy. Current climate policy pledges and targets imply a rapid decline in greenhouse gas emissions. Still, there remains both an implementation gap in adopting policies aligned with countries' mid-term Nationally Determined Contributions and Long-Term Strategies, and a collective ambition gap in reducing emissions to reach the Paris Agreement targets of pursuing efforts to limit global warming to 1.5°C. Global emissions are projected to peak during the current decade, but failing to implement additional policies puts the world on a trajectory towards a long-term temperature increase of 3°C. The current decade is key for keeping the 1.5°C target possible. GECO 2023 highlights the global investment needs of the 1.5°C scenario. Accelerated decarbonisation efforts are needed across all sectors of the economy. Energy sector investments need to triple this decade, doubling energy efficiency rates and bringing renewables deployment to 11 TW by 2030. This transition comes along with substantial investment spill-over and stimulus effects, boosting investment and employment across value chains, e.g. in the construction and electrical and equipment goods manufacturing.

Access State: Open Access

Rights information: Attribution (CC BY)

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