Net zero will radically change how we use and generate electricity

In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050

I have some news that many Bloomberg Green readers will not find surprising: It is exceedingly unlikely that the world will keep global temperatures within 1.5C of pre-industrial levels. But there is still a path to staying under 2C of warming and aligned with the Paris Agreement — a path that requires the global economy to reach net zero emissions by 2050.

BloombergNEF, a clean energy research firm, outlines this scenario in its latest New Energy Outlook report.

If we want to get to net zero by 2050, we’ll need much more of every clean technology. That means billions of