BNEF: Beyond Three Thirds, The Road to Deep Decarbonization
In my BNEF Summit keynote in London last September, I talked about how far clean energy and transport had come over the last fifteen years. Where renewable energy used to be dismissed as “alternative”, I talked about the “new orthodoxy” of what I called the Three-Third World: by 2040 one third of global electricity will be generated from wind and solar; one third of vehicles on the road will be electric; and the world’s economy will produce one third more GDP from every unit of energy.
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