The current pace of renewable-energy adoption still falls short of what it will take to hit the Paris agreement’s mid-century net-zero targets, and to meet the immediate development needs of those living in energy poverty.
Zero-emissions vehicles would need to hit 73 per cent of new light vehicle sales by 2030 to keep transport emissions aligned to limiting warming to 1.5 degrees.
China’s decision to ramp up spending could accelerate a shift and help achieve long-term climate goals by bringing forward the peak in fossil-fuel use and lowering greenhouse gas emissions.