GlobalData: laggards in energy transition split evenly between poor and rich

Image: GlobalDataImage: GlobalData
“Currently, half of the world, regardless of income levels, will not have a significant renewable generation share by 2030," says GlobalData.

Official Press Release GlobalData:

Laggards in global clean power transition split evenly between rich and poor, says GlobalData

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Laggards in global clean power transition split evenly between rich and poor, says GlobalData

As the COP26 meeting in Glasgow gets underway, many countries are behind on their targets for increasing the share of renewables in power generation no matter their income levels, partly as a consequence from delaying mobilising at least $100bn in climate finance.

Barbara Monterrubio, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers her view on the issue: “Aligning to the 1.5-degree target will be challenging for many economies, especially for those with current low GDP per capita, which are not able to finance a sustainable change in the upcoming years. “A global power renewable share of 39% is forecasted for 2030, which is a considerable increase compared to 2021’s share of 29%. However, even with that... ... More: Official Press Release GlobalData

GlobalData, clean power, energy transition, rich, poor, laggards, degree, low carbon target, emissions, COP26

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