According to IRENA's 2021 publication World Energy Transitions Outlook: 1.5°C Pathway, countries worldwide can meet the Paris Agreement of 1.5°C by the year 2050. More importantly, this can be done with existing technologies and emerging solutions.
Who is IRENA?
IRENA (the International Renewable Energy Agency) is at the forefront of bringing global energy system change by promoting renewable energy, such as bioenergy, geothermal, hydropower, ocean, solar, and wind. Through supplying tools and services such as renewable energy cost studies, technology briefs, and capacity statistics, IRENA helps the 180 actively engaged countries reach their renewable energy potential.
The following infographic is a breakdown of the data presented by IRENA in their World Energy Transitions Outlook: 1.5°C Pathway preview. The figures provide insight into how impact investing affects large, CO2-emitting sectors, how investments should be distributed, and how much energy transition investments need to be increased.
You can read more about IRENA's findings here.
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