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E-book Future Intelligence : The World in 2050 - Enabling Governments, Innovators, and Businesses to Create a Better Future
The energy sector accounts for three-quarters of greenhouse gas emissions presently, and consequently, efforts to mitigate the consequences of climate change rely massively on improving the condition of our energy consumption, production and transportation. While many declarations for net-zero futures have been made, it requires a lot of efforts at a global level to actually achieve that target. When we aggregate all the countries who have pledged to reach net-zero emission futures, it accounts for almost 70% of the world’s carbon dioxide emissions. Even current pledges are not enough for global net-zero emissions, and it would require a lot of political will and policy nous to reach that target. People will be key stakeholders in this process as a lot of hope of a sustainable future also relies on consumer choices and behavioural decisions such as purchasing electric vehicles, installing energy-efficient technologies in households, using small solar power panels for sustainable energy production, and using sustainable means of transport like walking, cycling, or public transportation. When we talk of a net-zero future, one thing is clear, it will have to primarily be a result of better sources of energy and better usage of energy. The amount of energy required for the future is very unlikely to reduce; indeed most experts agree that the world will continue needing more of it. As developing and underdeveloped countries experience economic progress, their energy demands will move closer to that of developed countries right now. The developed countries on the other hand are unlikely to reduce their energy consumption, with the best hopes being that their demand stabilizes. In addition, population growth is bound to keep increasing energy demand. The world population is predicted to stabilize around 10 billion eventually, and till 2050, it is bound to keep increasing. Consequently, both the gross consump-tion of energy and per capita consumption of energy will increase across the world. This makes it necessary for us to find cleaner sources of energy, as well as create technologies which are more efficient at using that energy with minimal wastage, in order for us to reduce the resources required to support the planet’s energy needs. In that context, we consider some of the broad trends that will move us towards a net-zero future. This includes the trends in global demand of energy, existing patterns of movement towards sustainable energy and predictions of their prepon-derance by 2050, and plausible improvements in technology that make energy consumption more efficient. These predictions are based on current and historical trends and are therefore always suscept to massive and unexpected disruptions, technological or demographic, which can never be ruled out as a part of human history and future. However, these provide benchmark models that help understand the current trajectory of the world and the possibility of reaching a net-zero world by 2050. Future of Energy55Some of the broad trends that are predicted to realize by 2050 are listed below. The extent to which these developments and technologies become widespread by then will determine how close the world reaches to a net-zero target, with the most optimistic scenario of fully achieving it not being completely unrealistic and more realistic scenarios also managing to make significant progress towards clean energy.
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