DNV GL study says C02 emissions ‘peaked in 2019’
Virus-led falls in energy demand will reduce global emissions steeply but ‘nowhere near fast enough’ to meet Paris Agreement targets, DNV GL says in its Energy Transition Outlook. Emissions would need pandemic-sized falls every year to 2030 for that to happen
DNV GL’s outlook sees renewables increasing market share relative to fossil fuels because of lower operating costs, with oil demand hit the hardest, followed by coal, then gas
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