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What are the benefits of the energy transition?

A successful energy transition reducing net carbon emissions to zero by the middle of the century would ensure significant benefits to the environment, the economy and quality of life for people around the globe, for generations to come. Here are some of the main benefits:

  • Cutting carbon emissions by 45% by 2030, and then to net zero by 2050, would keep global warming at no more than 1.5℃ below pre-industrial levels, limiting the impacts of climate change such as rising sea levels, floods, wildfires, drought and higher temperatures from becoming worse than those already taking place;
  • Cleaner air would reduce diseases caused by pollution, delivering important health benefits;
  • Conservation of natural resources, thereby protecting the biodiversity that supports life on the planet as we know it; 
  • Reduced exposure to fluctuations in fossil fuel prices from geopolitics results in a more reliably-priced energy supply, helping businesses and families plan for the future

 

Overall, the energy transition’s impact extends far beyond the environment, touching nearly every aspect of society.

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