Should the Phoenix Arise; the Bateman Equation and Wind Energy.

[OKIsItJustMe]

16. IEA: World Energy Outlook 2024 - Pathways for the energy mix

https://www.iea.org/reports/world-energy-outlook-2024/pathways-for-the-energy-mix

Pathways for the energy mix
Peaks coming into view?

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• Low-emissions sources, led by renewables, increase faster than electricity demand in all scenarios, thereby pushing down the share of fossil fuels in electricity generation. In 2023, renewables provided 30% of global electricity supply, while fossil fuels edged down to 60%, their lowest share in 50 years. By 2035, the share of solar PV and wind in electricity generation exceeds 40% globally in the STEPS, and by 2050 increases to nearly 60%. The share of nuclear power remains close to 10% in all scenarios.
• Fossil fuels met 80% of global energy demand in 2023. As in the WEO-2023, our scenarios indicate that demand for oil, natural gas and coal is set to peak by 2030, though oil use for aviation and petrochemicals increases to 2050 in the STEPS, natural gas demand remains robust in emerging market and developing economies, and the decline in coal use is relatively gradual. Higher clean energy investment and a faster descent from these peaks is needed to fulfil announced pledges and move the world towards a net zero emissions pathway.
• Seven clean energy technologies – solar PV, wind, nuclear, electric vehicles, heat pumps, hydrogen and carbon capture – are key to affordable and secure transitions. Together they account for three-quarters of the CO2 emissions reductions to 2050 in the APS and the NZE Scenario, complemented by other renewables such as bioenergy and geothermal, and energy efficiency. Overcoming barriers to their deployment, including network and storage infrastructure, should be a priority worldwide.