By 2030, transportation and electricity around the world will be far greener than it is today, according to the latest forecast from the International Energy Agency. Imagine 10 times more electric vehicles on the road. Renewables make up half of the world’s electricity mix. Solar panels alone generate more electricity globally than the entire US power sector does today.
The IEA now expects electric heat pumps outselling fossil fuel boilers globally by the end of the decade. And it has already seen the adoption of electric vehicles accelerate, with EVs making up one in five cars sold this year compared to one in 25 in 2020. That’s all welcome news for policymakers attempting to slash greenhouse gas emissions causing climate change. The Paris agreement commits nearly 200 countries to working together to limit global warming to around 1.
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