The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy.
But this expected exponential rise in cleaner vehicles, coupled with booming renewable energy production, will not be enough to meet the Paris Agreement goal of limiting climate warming, Ditlev Engel, chief executive of DNV GL’s energy consulting business, told Reuters in an interview.
“The trends are very clear that the world is electrifying, renewables are taking up more space, we’re moving into a world of EVs, but we have to remember we are racing against the clock. It’s not enough,” said Engel, whose 2,300 staff advise companies and governments on energy issues.
He said, on current projections, the world would not achieve the goal of limiting the earth’s warming to well below 2 degrees Celsius by 2050, as pledged in the 2015 Paris Agreement. Read More…
Latest posts by The Economic Times (see all)
- Refiners may reduce oil imports as crude prices soar, Re struggles - September 24, 2018
- CIL aims to supply 17.5 mt coal a year to captive power producers - September 24, 2018
- Railways To Install Latest Signalling System On Mathura-vadodara Route - September 24, 2018