In the next few decades, energy transformation is likely to be one of the biggest shifts in the global economy, transforming the energy systems of billions of people.
The Global Energy Change Research Centre (GECRC) in Cambridge, UK, has just released a report, which it says will be the most comprehensive assessment of the energy transformation since the publication of the first edition of the World Energy Outlook in 2013.
The study looks at three key aspects of the transition: the economic and social impact of the shift, the economic effects of the change, and the energy mix of the world.
It found that in 2030, there will be an estimated 2.2 billion more people on the planet than in 2030.
The number of people living in extreme poverty will rise from 2.1 billion in 2030 to 3.7 billion in 2032, while the number of the poorest 10% of the population will increase from 9 billion in 2020 to 10.5 billion in 2025.
According to the study, the number and mix of energy sources will change drastically.
The world will get its energy from natural gas, oil, coal and nuclear, while electricity will be made from solar, wind and hydro.
There will be fewer cars and fewer buildings, but more transport modes.
The most dramatic change will come from the transition to a low carbon energy economy.
The report says that by 2025, energy transitions will reduce the use of coal, oil and natural gas for electricity by 40% from 2020 levels and by 45% from 2030 levels.
By 2030, it will also reduce the emissions of fossil fuels by 40%, and the carbon footprint of the global industrial sector by 30%.
As well as the transition of energy, the report finds that energy systems will be changed by technological advances.
It says that a combination of advances in electric vehicles, low carbon transport and biofuels will reduce emissions by 25% from today’s levels and the CO2 footprint of cars by 45%.
But, it adds, there are still many barriers to these changes being made.
The report cites the ongoing and rapid growth of electricity generation capacity in China, India, Indonesia, the Philippines, South Korea, and others, as well as a number of challenges in the supply chain of energy systems, and says the world needs to act quickly to ensure the transition takes place without harming the climate.
As the world continues to work to cut greenhouse gas emissions, it should also consider how to reduce the demand for energy, especially in developing countries, the study concludes.
It also suggests that the transition should not be seen as a replacement for existing energy systems but instead should be seen simply as a “recovery” in terms of the use and generation of energy.
While the report doesn’t provide a specific date, it says it will be published this spring.
It also highlights the role of developing countries in the transition.
In terms of climate change, the GECRC report says the transition will bring an additional 1.5 degrees Celsius of warming to the world by 2040, the first time in human history that that has occurred.
By 2040 and beyond, global CO2 emissions will have risen by between 50 and 75% over pre-industrial levels, and more than 40% over current levels, the researchers say.
“The transition to low-carbon energy systems should not only be a recovery in terms the climate, but also in terms energy use and the emissions from energy systems,” said Professor Robert Hirschberg, the lead author of the report.