Looking beyond the Paris climate change conference in December, we expect countries to decarbonise energy in order to meet climate goals. This report demonstrates cost optimal pathways to achieve this, via four scenarios based on climate targets and clean tech cost
reductions.
Fossil fuels to remain in the system, even if the 2°C target is achieved, as low carbon alternatives in power mean that coal, oil and gas can be used in sectors where substitution is difficult.
Total investment in power generation to rise by up to USD870bn pa, as renewables take share and power demand increases by up to 47% during 2010-30.