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The world's best hope to beat climate change is vanishing. In just over five years, the world will arrive at its first major checkpoint on climate action: a 2030 deadline to meet a series of green targets aimed at avoiding the most devastating impacts of global warming. These goals, set by governments, Wall Street, Big Tech and major polluting companies, are intended to put the global economy on a path to finally start reducing the amount of greenhouse gases accumulating in the atmosphere. Yet, far from being in retreat, carbon dioxide emissions hit?a new record last year. That means the world faces a steeper, far costlier and more disruptive journey to reach net zero by 2050. And that was before the re-election of Donald Trump. With a second term in the White House running until 2029, Trump is unlikely to steer the world’s second-biggest polluter to decarbonize faster than the current pace. In fact, Trump has vowed to undo many of the nation’s?expansive climate policies?and?withdraw from global cooperation. The consequences will extend far beyond the US. Even before any new slowdown resulting from last week’s monumental political shift, many targets pegged to 2030 deadlines are already in severe jeopardy. An exclusive analysis by?Bloomberg Green?finds that dramatic acceleration across many fronts would be required to hit end-of-decade milestones on the path to net zero. There are isolated pockets of progress, though those are rare exceptions. Each year the world falls behind increases the risks of more extreme weather that will put millions of people at risk and threaten global economic growth. One recent?assessment?forecasts a 1C rise in temperatures would equate to a 12% hit to the world’s gross domestic product. “There are real impacts on people, planet, on industries, on economies, if we miss these goals,” says Sherry Madera, chief executive officer of CDP, a nonprofit that pushes companies and governments to disclose data on their climate impact. Read a reality check on how current progress matches up to crucial 2030 targets and my latest with Hayley Warren, David Stringer, Julia Janicki: https://lnkd.in/gE8bznNm #wallstreet #bigtech #climate #fossilfuels #climategoals #donaldtrump #evs #renewables

Just how far is the world off track in the fight against climate change? Almost half way through a crucial decade for action to cut emissions, Bloomberg Green reviewed progress toward a series of key end-of-the-decade benchmarks. The results detail the dramatic acceleration that's required across many fronts -- from Wall Street to fashion to deforestation -- to steer the planet toward a path to reach net zero by 2050. Dive into the analysis and data visualizations here from Hayley Warren, Aaron Clark, Julia Janicki and others. And even better, the article is free to read, along with all of our coverage of the #COP29 climate summit. https://lnkd.in/gCXsWbu9

Bloomberg News recently published an #thoughtprovoking analysis.In just over five years, the world will arrive at its first major checkpoint on climate action: a 2030 deadline to meet a series of green targets aimed at avoiding the most devastating impacts of #globalwarming. Despite ambitious targets from governments, Wall Street, Big Tech, and major industries, carbon emissions hit new records last year, making the path to net-zero by 2050 increasingly challenging and costly. Trump’s re-election could complicate climate progress, as he aims to undo U.S. climate policies and withdraw from global agreements. With 2030 targets at risk, urgent action is needed on renewable energy, deforestation, and net-zero goals. Failure to meet these targets could lead to extreme weather and a 12% global GDP loss from a 1°C rise, impacting vulnerable communities most. Some of the #keytargets that demand #urgentaction: ??Triple Renewables: The world needs to add a staggering 7.3 terawatts of renewable energy by 2030, requiring an annual investment of $1 trillion—nearly double what is currently invested. ??Get Big Tech to Net Zero: Major tech companies like Google and Meta have pledged to cut emissions, but the rise of energy-hungry AI technology threatens to undo these gains. ??Halt Deforestation: Despite commitments from over 130 nations, forest loss continues at an alarming rate, hindering efforts to combat climate change and biodiversity loss. ??Sell More Electric Vehicles: The transportation sector must shift rapidly to electric vehicles, with 70% of new car sales needed to be EVs by 2030 to keep emissions in check. ??Protect Land and Oceans: Governments committed to protecting 30% of land and oceans by 2030, but progress is slow, with only 17.6% of land currently under protection. ??Cut Fashion’s Climate Footprint. ?? National emissions: To limit warming to 1.5°C, emissions must drop 42% by 2030. However, they rose 1.3% in 2023, with developing nations’ emissions up 4.7%. Without stronger action and more climate finance, temperatures could rise 2.6°C to 3.1°C this century. The US needs a 17% reduction by 2030. ?? Lend Billions More for Green Action : Wall Street aims to allocate $215 trillion for green financing by 2050, with 10 major lenders targeting $9 trillion for clean energy. Despite deploying over $4 trillion, the clean energy-to-fossil fuel lending ratio is still behind the 4:1 target for 2030. Some banks have surpassed sustainability goals, but campaigners urge better balance with fossil fuel financing. As 2030 approaches, meeting these goals is critical to avoid #extremeweather, economic collapse, human displacement, and ecosystem degradation. For detailed insights , pls refer to the link : https://lnkd.in/eBtnj7ED

Olivier Mussat Thanks for sharing this insightful piece on the current state of energy transition and decarbonization. In 2023, emissions rose by 1.3%, and to meet our targets for limiting global warming, we now need a 7.5% annual decline until 2035. This seems unlikely, given the rapid growth of emerging economies, which heavily rely on fossil fuels. Developed nations also have significant work to do in deploying carbon-free technologies. On a broader context, I think that as a society, we haven't fully grasped the monumental challenge of transforming our interconnected energy and industrial systems that were built over 150+ years. While the debate has often been led by climate scientists and environmentalists, the real issues lie in the realms of engineering. As an infrastructure investor Olivier Mussat you know it well that to understand the complexity and costs involved in overhauling a system that has been in place for over 150 years. I think that we need more voices from the engineers, large infra investors and capital projects guys. However, it's not all bleak. There has been notable progress: in 2023, renewable energy investment reached $623 billion. Although this falls short of the $1 trillion target, it's still a significant amount. Additionally, Brazil has seen promising success in deploying new technology to curb deforestation, though more investment is needed in this area. There are some specific concerns too especially regarding the rollout of electric vehicles is losing momentum as traditional automakers scale back their ambitions, likely due to insufficient ecosystem capacity and waning policy support. Trump admin can throw a dice regarding climate change but I am hoping the Elon Musk can have his influence and keep Trump reasonable. #cop29 #sustainability #energytransition #decarbonisation

Is Net Zero by 2050 Still Possible? Yes, But It’ll Cost 19% More A new BloombergNEF report shows global climate goals are becoming harder to achieve the longer the world remains addicted to fossil fuels. (Bloomberg) -- Governments and companies need to spend an extra $34 trillion on the clean energy transition between now and 2050 to reach net-zero emissions, according to BloombergNEF. The research group’s 250-page New Energy Outlook report, which crunches 18 million datapoints, says that amount is 19% more than what’s expected in its base case scenario. The finding indicates that sectors from electric vehicles and renewable energy to power grids and carbon capture need extra support. The clean energy transition has faced resistance in recent years as climate policies have become a political flash point across the US and Europe. At the same time, renewable project developers have come up against higher interest rates and inflation, making the potential return on investments less attractive. While BNEF earlier this year said global investment in the low-carbon energy transition surged 17% in 2023 to $1.8 trillion, its report Tuesday shows the pace of this spending needs to accelerate as the world continues to warm and bigger solutions are needed sooner. “It is somewhat encouraging that we’re so near, but at the same time, it’s also so far because a lot of these investments aren't fully profitable without further action,” said David Hostert, global head of economics and modeling at BNEF. BNEF split its analysis between two scenarios. Its base case sees governments relying solely on economically competitive technologies, putting the world on course to warm 2.6C from pre-industrial times. This pathway, dubbed the economic transition scenario (ETS), is still slightly better than what governments are currently committed to doing, but it would lead to catastrophic climate impacts as the world breaches the 2C goal set under the Paris Agreement. Its net-zero scenario (NZS) assumes governments double down on emissions-reducing technologies with an aim to reach net zero by 2050. If the world follows this path, it still might miss the more ambitious Paris goal of keeping warming below 1.5C — edging closer to 1.75C instead. That could still avoid some irreversible climate damages.

?? 2030 Climate Targets: The Clock is Ticking ?? The world’s first big climate checkpoint—2030—is just over five years away, and the road to hitting global green goals is looking more daunting than ever. Despite ambitious targets set by governments, businesses, and Big Tech to curb emissions and transition to renewables, progress is falling short. ?? Emissions Crisis: CO? emissions hit record highs last year, making the path to net-zero by 2050 steeper, costlier, and more disruptive. With key targets in jeopardy, every delay increases risks of extreme weather and economic shocks. ?? Renewable Energy Gap: Despite rapid solar and wind growth, the pace isn’t enough to triple renewable capacity by 2030. Annual investments need to jump from $623 billion to $1 trillion to keep up. ?? EV Momentum: Electric vehicle sales are rising, but the share of new cars must reach 70% by 2030 to stay on track. Current projections fall short without additional policy support. ?? Forests Under Threat: Despite pledges to halt deforestation, the world lost 6.4 million hectares of forest last year, far above the rate needed to meet 2030 goals. Brazil’s efforts offer hope, but more financial incentives are crucial. ?? Big Tech’s Role: AI growth is boosting energy demands, slowing progress toward tech giants' net-zero targets. Companies like Google and Meta are seeing emissions rise, challenging their 2030 goals. ?? Cleaner Aviation: Sustainable aviation fuels are critical, but their use must grow 16x by 2030 to decarbonize the industry. Current supplies rely heavily on used cooking oil—a finite resource. ?? Financing the Green Transition: Major banks are pledging trillions for climate action but still lend too heavily to fossil fuels. Achieving a 4:1 ratio of clean energy financing over fossil fuels remains a distant goal. The bottom line? The world needs to drastically accelerate efforts across all fronts—renewables, EVs, forests, and finance—if it’s going to meet these critical 2030 climate targets. Time is running out, but bold action can still make a difference. ?? #ClimateAction #NetZero #Renewables #Sustainability #2030Goals

An excellent and profound overview of the world we are living in today and the outlook we are facing from the #sustainability stand point of view. Interesting belives are being stressed out for #emobility world too: "Adoption of emissions-free vehicles is one of the few areas where the pace of growth has been positive. The rising share of battery-powered transport could potentially eliminate the need for 6 million barrels of oil a day by 2030, according to the International Energy Agency. About 16.6 million new electric cars will be sold this year, and more than 30 million in 2027, BNEF forecasts, a shift that’s transforming a passenger vehicle segment that currently accounts for more than half of all road transport emissions. In a base case scenario, where governments add no new policy support, EVs should account for 45% of new car sales in 2030. To be fully on track to reach net zero that share needs to rise to 70%, a feat that’s achievable with only moderate additional measures, BNEF says." https://lnkd.in/daQuwgBN

Energy Transition and Climate Change: The Next Stage Thursday, February 15| 10:00 AM - 12:00 PM With Ray Leonard No longer a future environmental crisis, climate change has begun to impact the lives and livelihoods of everyone around the globe. Since the mid-20th century, the Earth’s natural carbon cycle has drastically changed by burning fossil fuels at a rate that vastly outpaces our natural cleanup crew – plants and trees. The average global temperature in 2024 will exceed 1.5-degrees Celsius above what the global temperature was in pre-industrial 1900. At the current rate, temperatures will continue to rise, increasing by at least 2 degrees Celsius by 2050 above the 1900 level due to conditions that are already in place and are unlikely to be altered by energy transition efforts. However, efforts to transition to renewable energy in the coming decades will be crucial in limiting the rise above 2 degrees Celsius and thereby avoiding catastrophic “tipping points” in the second half of the 21st century. Significant accomplishments have been made in reducing per capita GHG emissions in advanced economies. The Paris Climate Agreement, adopted by 196 countries in 2015, has spurred those nations into accelerated action to reduce the carbon footprint in order to achieve carbon neutrality by 2050. As more investors and companies seek greater clarity and confidence in accounting for long-term climate risks and opportunities, the corporate sector has also answered the call and are developing new technologies to lower their GHS emissions and implementing carbon capture solutions. Will these energy transition efforts be enough? Will Earth’s inhabitants be able to succeed in outpacing the damage that has been done? This class will be held in-person at WIH and simulcast via Zoom Register: https://lnkd.in/g87Z7dwQ

?? The Clean Industrial Revolution is here, and Bill Gates' recent LinkedIn article offers a timely and insightful look at our fight against climate change. As Gates highlights, the evidence of climate change is everywhere—raging wildfires, devastating storms, and severe droughts. Avoiding a climate disaster is humanity's toughest challenge, and achieving this demands aggressive investment in clean-energy innovation and deployment. However, what's equally significant, though less visible, is the progress we're making through #innovation and #collaboration. Gates' article reaffirms the critical points he made back in October 2022 in his Gates Notes blog post. He stressed then and continues to emphasize now, the necessity of accelerating innovation and globally deploying clean technologies to effectively combat climate change. Key takeaways from Gates' recent article: ?? Investment in Innovation: Gates champions the need for aggressive investment in clean-energy technologies. ?? Global Emissions Challenge: Reducing 51 billion tons of greenhouse gas emissions to zero remains a central focus. ?? Technological Development: Promising advancements are being made in manufacturing, electricity, agriculture, transportation, and buildings. ?? Global Collaboration: The urgency for solutions that are effective across all countries, particularly in emerging economies, is more pressing than ever. ?? Reducing the Green Premium: It’s crucial to make clean technologies affordable and competitive with traditional alternatives for widespread adoption. Gates' optimistic yet realistic approach outlines a comprehensive strategy to combat climate change through innovation and strategic deployment of clean energy solutions. His insights remind us that while the journey to zero emissions by 2050 is challenging, it is achievable with sustained, coordinated efforts. Let's continue to support and invest in these transformative solutions to ensure a sustainable and thriving future for everyone. ???? ?? Read the full article by Bill Gates here: https://lnkd.in/gzU7r7kw #CleanEnergy #ClimateChange #Innovation #Sustainability #GreenTech #BillGates #EnergyTransition #NetZero #ClimateAction

Not a good outlook for the future of our (grand-)children … Short-term profits seem to be more important for most of especially the developed and developing countries, but also for some large corporations .. #COP29 #climatechange #globalwarming Roland Berger David Frans Yvonne Ruf Uwe Weichenhain