A global carbon neutral electricity system can be achieved by 2050. A 4-year study which tackled finding the most effective way to reach the internationally adopted 1.5°C Paris Climate Treaty by 2050, says that a transition to 100% renewable energy “is not only feasible, but also cheaper than the current global energy system”.
Solar photovoltaic would be the main source of electricity with 69% of electricity production. It’s also worth noting that the report predicts that the majority of energy jobs by 2050 will be in solar PV and battery storage – jobs lost to fossil fuel sectors will be more than compensated by an additional 15million jobs in these renewable sectors. Another interesting point is that the report predicts that a new storage sector will emerge – a trend that can already be seen in small-scale generation, now battery costs are plummeting.