More than half of the electricity produced in the world in 2030 will be low or zero carbon

The International Energy Agency estimates that the share of low-carbon electricity in global electricity production will reach 50% by 2030. Demand for fossil fuels (oil, gas and coal) should begin to fall by the end of the decade. Even so, the world is still a long way from the trajectory leading to carbon neutrality in 2050. For this to happen, renewable electricity production capacity (4,250 GW) would have to triple by 2030, whereas the Agency predicts that it will not exceed 10,000 GW by that date. Despite the continuing high share of fossil fuels (which will account for 80% of global energy demand in 2023, compared with 83% in 2011), the IEA estimates that CO2 emissions should start to fall before the end of the decade.