Global Energy Industry Emissions Set to Peak in 2024

According to a new report from Norway's DNV, emissions from the energy sector are set to peak this year. The peak would be driven by the increased deployment of solar generation and battery storage. The report claims emissions may eventually halve by 2050, as non-hydrocarbon sources of energy come to account for some 50% of the global energy mix. DNV added that this would still be insufficient to hit the Paris Agreement targets of arresting the global average temperature increase to between 1.5 C and 2 C from pre-industrial times. According to...