EVs achieve price and performance parity with new combustion-engine vehicles in the U.S. by 2024, and in India and China by 2030.
$64,507 (average EV) vs. $44,761 (average full-size car)
Data: Kelley Blue Book
Date: Dec. 2022
One of two new personal vehicles purchased worldwide are EVs by 2030, 95% by 2040.
EV share of global auto sales was 15% in 2022
(BEVs, FCVs, and PHEVs)
Data: BloombergNEF
Date: March 2023
All new buses are electric by 2025; 30% of medium and heavy trucks purchased are zero-emissions vehicles by 2030; 95% of trucks by 2045.
Over the past decade, e-bus share has grown from 1% to 44%
Data: BloombergNEF
Date: 2021
50% of miles driven globally (two- and three-wheelers, cars, buses, and trucks) are electric by 2040, 95% by 2050.
EV global share of miles driven: 7.3%
Data: BloombergNEF
Date: 2021
Low-carbon fuel powers 20% of miles flown by 2025; carbon-neutral fuel powers 40% of miles flown by 2040.
<0.1% of flights use sustainable aviation fuel (SAF)
Data: IATA
Date: 2022
Projected launch of first carbon-neutral ships: 2023
Data: Maersk
Date: 2022
50% of electricity worldwide comes from zero-emissions sources by 2025, 90% by 2035.
Global market share of zero-emissions electricity: 38%
Data: IEA
Date: 2021
Solar and wind are cheaper to build and operate than emitting sources in all countries by 2025
96% of the world’s population lives in nations where renewable sources are cheaper than fossil fuels
Data: BloombergNEF
Date: 2022
Electricity storage drops below $50 per kWh for short duration (4–24 hours) by 2025, $10 per kWh for long duration (14–30 days) by 2030.
Short-term storage: $324/kWh
Data: BloombergNEF
Date: 2022
No new coal or gas plants from 2023 on; existing plants to retire or zero out emissions by 2025 for coal and by 2035 for gas.*
Now under construction globally: 374 coal-fired units and 505 gas-plant units
Data: Global Energy Monitor
Date: January 2023
Eliminate leaks, venting, and most flaring from coal, oil, and gas sites by 2025.
Methane emissions were approximately 3 gigatons in 2022
Data: IEA
Date: 2022
Cut gas and oil for heating and cooking in half by 2040.*
Fossil fuels power 41% of cooking stoves and heat 58% of U.S. homes
Data: U.S. Census Bureau
Date: 2021
To more than triple the energy productivity rate by 2035, we must phase out fossil fuels while also boosting energy efficiency.
World average: $240 in GDP per $1 of fuel consumption
Data: BP Statistical Review and World Bank
Date: 2021
Improve soil health through practices that increase carbon content in topsoils to a minimum of 3%.
1.4%: Average carbon content of farm soils in the U.S.
Data: U.S. Dept. of Agriculture
Date: 2013; published 2017
Stop the overuse of nitrogen-based fertilizers and develop greener alternatives to cut emissions in half by 2050.
69.8 kilograms per hectare: global average for nitrogen-based fertilizers
Data: FAO
Date: 2019
Promote lower-emissions proteins, cutting annual consumption of beef and dairy 25% by 2030, 50% by 2050.
U.S. per capita weekly consumption: 1.1 lbs. of beef and 3.8 lbs. of dairy
Data: OECD
Date: 2020
Reduce methane and nitrous oxide from rice farming by 50% by 2050.
1 gigaton of CO2e resulting from rice production
Data: WRI and the Sustainable Rice Platform
Date: 2014 and 2021
Lower the food waste ratio from 40% of all food produced to 10%.
40%: estimated global portion of food that is wasted
Data: WWF and Tesco
Date: 2021
Achieve net zero deforestation by 2030; end destructive practices and logging in primary forests.
3.75 million hectares of primary forest lost annually
Data: Global Forest Watch
Date: 2021
Eliminate deep-sea bottom trawling and protect at least 30% of oceans by 2030, 50% by 2050.
8% of coastal oceans are protected
Data: Protected Planet
Date: June 2022
17% of global lands are protected
Data: Protected Planet
Date: June 2022
Reduce total carbon intensity of steel production 50% by 2030, 90% by 2040.
1.9 tons of CO2 emitted per 1 ton of steel produced
Data: WorldSteel.org
Date: 2021
Reduce total carbon intensity of cement production 25% by 2030, 90% by 2040.
0.6 tons of CO2 emitted per 1 ton of cement produced
Data: IEA
Date: 2021
Reduce emissions from other industrial sources (primarily plastics, chemicals, paper, aluminum, glass, and apparel) 80% by 2050.
5 gigatons emitted by other industries
Data: UNEP
Date: 2020
Remove at least 1 gigaton per year by 2025, 3 gigatons by 2030, and 5 gigatons by 2040.
0.28 gigatons of nature-based carbon removal being tracked
Data: Climate Focus
Date: 2022
Remove at least 1 gigaton per year by 2030, 3 gigatons by 2040, and 5 gigatons by 2050.
Currently, 43 metric tons are being removed annually
Data: BloombergNEF
Date: 2021
Each country enacts a national commitment to reach net-zero emissions by 2050 and gets at least halfway there by 2030.
EU and UK: cut emissions in half by 2030; net zero by 2050
U.S.: Congress passed climate laws that target a 40% cut by 2030.
China: net zero by 2060
India: net zero by 2070
Russia announced net zero 2060, though no formal adoption
End direct and indirect subsidies for fossil fuel companies and for harmful agricultural practices.
The top five emitters still pay a total of nearly $4 trillion in fossil fuel subsidies. Globally, nations are paying $5.9 trillion, including healthcare spending due to air pollution and other indirect costs.
Source: IMF
Date: 2020
Set national prices on CO2 emissions at a minimum of $55 per ton, rising 5% annually.*
EU: $100/ton; member states implement their own price schedules
UK: $20/ton
China: $10/ton
U.S.: No national price. 12 states set prices
India: No national price
Russia: No national price
Prohibit HFCs as refrigerants and ban single-use plastics for all non-medical purposes.
U.S. aims to reduce HFCs 85% by 2036.
The EU aims to reduce HFCs 67% from 2010 by 2030.
China aims to reduce HFCs 68% by 2025.
Double (at minimum) global public investment into research and development; quadruple it in the United States.
China: $7.9 billion
U.S.: $9.4 billion
EU + UK: $8.7 billion
India: $110 million
Russia: little to no allocation
Data: IEA
Date: 2020
The climate crisis is a top-two voting issue in the twenty top-emitting countries by 2025.
Climate’s rank as top issue: #9 in the U.S., #8 globally, #2 (tied) in Europe
Data: Gallup (May 2022), Ipsos (June 2022), and Eurobarometer (Jan. 2022)
*different surveys can only be roughly compared to each other
A majority of government officials—elected or appointed—will support the drive to net zero.
47% of heads of state (7 of 15 top-emitting nations)
27% of national legislatures (4 of 15 top-emitting nations)
Data: EDGAR
Date: 2021
100% of Fortune Global 500 companies commit immediately to reach net zero by 2040.
3.4% of Global 500 companies committed to net zero by 2040 across Scope 1-2-3 emissions
6.2% of Global 500 companies committed to net zero by 2050 across Scope 1-2-3 emissions
Data: Speed & Scale
Date: November 2022
The world achieves universal primary and secondary education by 2040.
129 million girls out of school
Data: UNICEF
Date: 2022
Eliminate the gaps among racial and socioeconomic groups in mortality rates from air pollution by 2040.
2.2 years (global average loss of life due to air pollution)
5 years (lost lifespan in S. Asia, Niger Delta, other low-income regions)
Data: Air Quality Life Index (AQLI)
Date: 2021
The global clean energy transition creates 65 million new jobs, equitably distributed and outpacing the loss of fossil fuel jobs.
13 million people employed directly and indirectly
Data: IRENA
Date: 2021
Produce 10,000 GWh of batteries yearly at less than $80 per kWh by 2035.
Production: ~834GWh
Price: $132 per kWh
Sources: BloombergNEF
Date: 2021
Cost of zero-emission baseload power reaches $0.02 per kWh by 2030, with peak-demand power reaching $0.08 per kWh.
5 cents/kWh cost for utility-scale solar
Data: IRENA
Date: 2021
Cost of producing hydrogen from zero-emissions sources drops to $2 per kg by 2030, $1 per kg by 2040.
$2-$12 per kg, not currently produced at scale
Source: BloombergNEF
Date: 2021
Cost of engineered carbon dioxide removal falls to $100 per ton by 2030, $50 per ton by 2040.
$600 to $1,200 per ton of carbon removed, not at scale
Source: Bloomberg and Climeworks
Date: 2021
Cost of synthetic fuel drops to $2.50 per gallon for jet fuel and $3.50 for gasoline by 2035.
Jet Fuel: $4.22 (Traditional) vs. $22.13 (Sustainable) ~ 5.3X
Vehicle Fuel: $5.72 (Diesel) vs. $6.26 (Biodiesel) ~ 1.1X
U.S. prices when available. No pricing or availability for carbon-neutral fuels. Limited availability and price transparency for sustainable aviation fuels.
Data: IATA, BloombergNEF, GlobalPetrolPrices.com, AFDC
Date: June 2022
Increase global government incentives and support for clean energy from $128 billion to $600 billion per year.
$128 billion in global government incentives for renewable power generation, which is 20% to 35% of total direct fossil fuel subsidies
Source: IRENA
Date: 2020
Increase public-sector funding of energy R&D from $9.2 billion to $40 billion a year in the U.S.; other countries should aim to triple funding.
U.S. energy R&D budget: $9.2 billion
Source: IEA
Date: 2021
Expand investment of capital into U.S. startup companies to $50 billion per year.
$59 billion invested in U.S. climate tech startups, up from $17 billion in 2020
Source: BloombergNEF
Date: 2022
More than double zero-emissions project financing by 2025, from $431 billion to $1 trillion per year.
Clean energy financing reached an all-time high last year, hitting $583 billion
Source: BloombergNEF
Date: 2022
Increase philanthropic dollars from $10 billion to $30 billion per year.
Less than 2% (between $7.5 billion and $12.5 billion) of philanthropic giving is dedicated to climate change mitigation
Source: ClimateWorks Foundation
Date: 2021
The Speed & Scale Plan shows us how to unlock a cleaner, safer, and healthier future.
“Concrete steps that we can all take to make a difference”
“Speed & Scale is critical reading for anyone who wants to take action on the most important issue of our time.”
“The single best guide [to think about climate policy].”
“A clear, detailed, and comprehensive plan for climate action exactly when we need it most.”
“Everybody should get Speed & Scale.”
“A practical guide for both public and private sector participation in decarbonizing the global economy.”
“You can bank on saving across the life of your electric vehicle. That’s not too shabby, considering you’ll also be sparing the climate thousands of pounds of carbon pollution over… Read More
“…the rush to build new gas infrastructure is being undertaken without accurate measurements on how much gas is being wasted from existing pipelines and tanks. Estimates of the losses are… Read More
“BloombergNEF tracked $29 billion raised by new climate-tech focused funds in the second half of 2021. Recent evidence suggests 2022 will be another strong year for fundraising.”
Speed & Scale urges corporates to act–to go for the gigatons and focus on the most impactful action to cut greenhouse gas emissions and containing global warming.
Speed & Scale urges you to act–to go for the gigatons and focus on where you can be most impactful in cutting greenhouse gas emissions and containing global warming.
When assessed on a planetary scale emissions are measured by the gigaton.
.@rypan's top tips for climate investment:
There are a few "T's" to look out for...
Team: does the team work well?
Technology: is the technology there?
Traction: do consumers actually want this technology?
@PostLive
Ryan speaks on how to identify and address greenwashing @PostLive: "Just look at the numbers. This is a big theme of Speed & Scale. Look at how much they are actually investing."
.@rypan tells @michaelbirnbaum, “We here in the western world have to be as aggressive as we can in our emission reduction and that can be a model for the globe."
Ryan during the @PostLive This is Climate interview: "It is really important for the developed world to aggressively keep cutting emissions as much as we can. We cannot let that 1.5C slip to 1.6C or 1.7C. We have to be aggressive as we can in our emission reduction."
At 3pm EST @rypan will be chatting with @michaelbirnbaum at the Washington Post on the role business can play in addressing our climate crisis.
Make sure to tune in live:
The role of business in confronting climate change
A wave of companies has announced new investments in renewable energy, electric vehicles and other sustainable initiat...
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Our own @rypan is being interviewed live by the @washingtonpost next week!
Ryan will discuss the innovation in climate technology that he is watching and how the public and private sectors can work together to mitigate our climate crisis. Tune in:
The role of business in confronting climate change
A wave of companies has announced new investments in renewable energy, electric vehicles and other sustainable initiat...
bit.ly
While G7 leaders called for limiting emissions, only two G7 countries have set emissions goals in line with the 1.5C pathway, reports @BloombergNEF
To win on climate, every G7 country must step up.
G is for Greenium: Green bonds are a way to finance projects in renewable energy, clean transport, and more.
G is for Greenium 💲 - Speed & Scale
Sustainable investment will be instrumental on the path to net zero. Green bonds are an important tool to facilita...
speedandscale.com
Speed & Scale is a global initiative to move leaders to act on climate. Our work focuses on education, advocacy, and solution-scaling.
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