To achieve climate neutrality (zero net greenhouse gas emissions) globally by 2050, renewable energy production would need to increase eightfold compared to 2021 levels and annual investment in distribution systems should triple, according to PwC. analysis based on data from the International Energy Agency (IEA). And all the while, by 2050, global energy demand is estimated to grow by 20% compared to 2021. However, the global ambition to aggressively reduce carbon dioxide emissions, although energy consumption accounts for approximately 73% of total greenhouse gas emissions, has highlighted the large gaps between existing technologies, infrastructure and investments and the higher levels that will be needed in the near future to ensure the transition to a new energy paradigm.
In Romania, investments in renewable energy have intensified in recent years, but there is still a long way to go to achieve the commitments of the Integrated National Plan for Energy and Climate Change 2021-2030 (PNIESC).
Read the rest of the article on the PwC Romania blog
The article was signed by Andreja Mitirice, PwC partner in Romania and Sorin Petre, PwC partner in Romania
Article supported by PwC Romania
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.