The world's energy system is 'no longer fit for purpose,' says energy council chief

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The council's most recent report forecasts that around half of the global energy system will still not be electrified by 2050.

The council's most recent report forecasts that around half of the global energy system will still not be electrified by 2050, which would mark a blow to many governments' net-zero pledges.

Forty-six countries are pricing emissions by means of carbon taxes or other emissions trading programs, according to data last year from the International Monetary Fund. "The most recent pulse from April shows that the world energy system is no longer fit for purpose," Wilkinson told CNBC's "Squawk Box Asia" Wednesday, in reference to the findings from her organization's Energy Pulse reports which offer snapshots of trends across the energy ecosystem.

 

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