Challenges to achieving decarbonization: Study

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Given the goal established by the Paris Agreements to mitigate climate change, McKinsey & Company's Global Energy Outlook report launches an urgent warning against the challenges of achieving decarbonization, that is, the elimination of fuels derived from fossils, such as are oil and gas and accelerate the transition to clean, less polluting energy, according to Environment Energy Leader . From bottlenecks in green technologies to the need for a global redefinition in the energy value chain, it is time to face the uncomfortable reality and transcend the barriers, since decarbonization is not just a goal; is the key to a sustainable future, the report says. Challenge of imitating global warming at 1.5°C The analysis explores four possible scenarios for the energy transition, with a global warming range on current trends, warming is expected to average 2.3°C above pre-industrial levels by 2100. The report explains that this could be avoided and ameliorated by rapid decarbonization supported by a “macro shift” of climate change. decision makers who establish policies to meet the 1.5° objective established in the Paris Agreements.

Specifically, the 1.5 degree scenario requires net-zero emissions commitments met by the 70 countries that have set explicit targets, a 74% decline in emissions by 2050 compared to 2019, and 85% of power generation coming from renewable Morocco Phone Number List sources by 2050. Overcome obstacles in the transition Increasing renewable energy is a commonly cited requirement for meeting global decarbonization goals, but several obstacles stand in the way of the necessary growth levels. The report identified various bottlenecks, such as land availability, energy infrastructure, manufacturing capacity and affordability for consumers, among others, that will need to be overcome to achieve net-zero emissions targets. The report also notes that the fastest growing technologies, such as wind and solar, electric vehicles, green hydrogen and heat pumps, are the most susceptible to the identified bottlenecks.



The analysis of these detailed scenarios shows that the world requires a major change of course to achieve the goals aligned with the Paris Agreement,” said Bram Smeets, partner at McKinsey. “While we see a strong rise in low-carbon technologies such as solar, wind and electric heat pumps, an urgent global drive and collaboration is needed across the energy value chain to resolve bottlenecks and meet with the critical requirements to accelerate decarbonization.” Bram Smeets, partner at McKinsey. Expectations of decline in demand for fossil fuels The report also identifies the necessary requirements that will need to be met across all fuel types, such as investment needs and supply chain development. McKinsey & Company emphasizes that global energy consumption, which has been increasing, could decline by up to 6% as sectors work to electrify their operations, resulting in lower energy consumption.