energy transition outlook

As solar PV continues to grow globally, the technology is set to become the largest contributor to the world’s electricity mix from 2031, according to a report from technical and safety expert DNV.

DNV forecasts that China will more than quintuple its renewable energy installations by 2050 in its latest report.

At least US$2.7 trillion must be invested in renewables annually to achieve global net-zero emissions by 2050.

Installed solar PV capacity globally will grow 20-fold by 2050, when the technology will represent 38% of all electricity production, according to a new DNV report.

Liam Stoker reflects on DNV’s Energy Transition Outlook as the consultancy laments the “missed opportunity” of the pandemic to reset global decarbonisation efforts. With COP26 just two months away, is terawatts of growth enough?