“Emissions are set to almost halve by 2050, but this is a long way short of requirements of the Paris Agreement,” says DNV in its 261-page report. Instead of the Paris Agreement’s goal to keep global temperature rise below 1.5°C from pre-industrial levels, DNV’s latest outlook forecasts that the planet will warm by 2.2°C by the end of the century.
2024 will go down as the year of peak energy emissions, according to DNV’s Energy Transition Outlook 2024, released on Oct 9.
According to the Norway-headquartered quality assurance and risk management company, energy-related emissions are “at the cusp of a prolonged period of decline” for the first time since the industrial revolution.
