The report, 56 pages in all, is the first analysis to come from a climate change project started by the World Economic Forum last year.
It report identifies eight emerging clean energy sectors with large-scale generating capacity expected to figure prominently in the world’s energy system by 2050, even if fossil fuels continue to power a substantial portion of the grid.
These sectors include: onshore and offshore wind, solar thermal and photovoltaics, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next-generation biofuels, and geothermal power. Wind represents the most mature clean energy technology, while solar has the fastest growth.
Efficiency, plus carbon capture and storage, smart grids and energy storage technology represent four key enablers for the transition to a clean energy system, according to authors Max von Bismarck and Anuradha Gurung of the World Economic Forum, and Chris Greenwood and Michael Liebreich of New Energy Finance.
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