How Is KR 2.1 Tracking?
Achieving this key result will generate the largest single emissions reduction in the Speed & Scale Plan. We must cut 16.5 gigatons of annual global emissions by 2050 while also meeting the projected 85 percent growth in demand for electricity for homes, buildings, and vehicles.
Based on natural resources, geography, and technical ability, each country will need to chart its own path to an energy grid free of emissions. At the regional level, states and cities can lead on this transition by setting more ambitious goals. Individuals, organizations, and businesses can demand more aggressive targets.
The shift away from fossil fuels can be achieved by installing solar and wind capacity and scaling battery storage. We’ll also need more nuclear, hydro, and geothermal power plants. The bulk of fossil fuels used today will need to be severed from the grid. For any remaining coal, oil, gas, or biomass that is burned, it will be imperative to use carbon capture and sequestration technology.
The global portion of electricity generated with zero-emissions sources has risen steadily and now stands at 39 percent. The goal is to reach 50 percent by 2025 and 90 percent by 2035.
Data for KR 2.1 is sourced from International Energy Association (IEA) and its World Energy Outlook 2021, which updates annually.
The proportion of electricity generated by renewable energy sources has more than tripled since 2010: