The global energy system is at the heart of addressing climate change, as it is responsible for 70% of emissions today. Furthermore, global population growth of 2bn by 2035, urbanization, and rising incomes will continue to increase energy usage, putting additional pressure on the climate. To balance this rise in energy demand and CO2 emissions, renewable energy needs to grow from 19% to 60% of the energy mix by 2050. This presents an unprecedented opportunity for innovative companies providing solutions for decarbonizing, decentralizing and digitalizing the global energy system in an effort to reduce energy-related emissions by as much as 70% in just 35 years to achieve the Paris 2 scenario.
