The world’s energy system is ‘no longer fit for purpose,’ says energy council chief

 

June 8, 2023

Is there panic in the Climate Crisis world?

• The council’s most recent report forecasts that around half of the global energy system will still not be electrified by 2050, which would mark a blow to many governments’ net-zero pledges.
• Following the onset of the Covid-19 pandemic, global energy markets have also been impacted by a series of setbacks.
• Forty-six countries are pricing emissions by means of carbon taxes or other emissions trading programs, according to data last year from the International Monetary Fund.
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