📢 “Road to Carbon Neutrality” - Join Vandana Jain, our Director of Emerging Markets Investments, and MANTON WAI (CFA, CFP®), our Head of Investment Solutions, both from EVIDENT, as they participate in a discussion on Twitter Spaces today with Algobharat. Anil Kakani Nikhil Varma, PhD
AlgoBharat Ep24: Road to Carbon Neutrality
Date: Today, Thursday 19th October, 2023
Time: 8:00 PM
🔗 Event Link: https://lnkd.in/ee6MfWuJ
As of 2019, renewable technologies contributed approximately 11% to global primary energy, signaling a shift towards cleaner energy options. Projections indicate that renewable energy generation could rise by 30 to 76%, with 81-95% of new electric capacity in the upcoming years being zero-carbon. In 2022, the supply from solar, wind, hydro, geothermal, and ocean renewable energy increased by nearly 8%, elevating the global share of these technologies to 5.5%. Furthermore, the goal to achieve 100% clean electricity by 2035 can reduce energy-related emissions by 62% compared to 2005 levels, aligning with the objective of carbon neutrality by 2050.
In 2023, McKinsey's Global Energy Perspective report revealed that renewable energy sources are anticipated to account for between 45 and 50 percent of global electricity generation by 2030. However, carbon dioxide emissions are projected to increase by approximately one percent, setting a new record in 2023.
This data paints a picture of a world where the adoption of renewable energy is rising, but carbon emissions are also increasing. It underscores the urgent need for more robust global efforts to achieve carbon neutrality and address the impacts of climate change.
The data highlights the challenges and progress in achieving carbon neutrality. Today's discussion with Vandana Jain and MANTON WAI (CFA, CFP®) will address more such data points and their implications. Join us to understand the current landscape and the steps ahead.
🔗 Link to know more: https://lnkd.in/eVD-Qy7u
#EVIDENT #carbonneutrality #carboncredits #carbonoffsetting