GlobalData: laggards in energy transition split evenly between poor and rich

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As the COP26 meeting in Glasgow gets underway, many countries are behind on their targets for increasing the share of renewables in power generation no matter their income levels, partly as a consequence from delaying mobilising at least $100bn in climate finance.

Barbara Monterrubio, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers her view on the issue: “Aligning to the 1.5-degree target will be challenging for many economies, especially for those with current low GDP per capita, which are not able to finance a sustainable change in the upcoming years. “A global power renewable share of 39% is forecasted for 2030, which is a considerable increase compared to 2021’s share of 29%. However, even with that... ... More: Official Press Release GlobalData

Keywords:

GlobalData, clean power, energy transition, rich, poor, laggards, degree, low carbon target, emissions, COP26