Electricity is a critical enabler of modern life. However, its use inflicts an immense cost on the climate.
Power sector emissions account for more than one-quarter of annual global greenhouse gas (GHG) emissions and around 40% of annual energy-related carbon dioxide emissions. Today, fossil fuels are responsible for more than 60% of electricity generation, with coal making up the largest share. While the emergence of alternative, zero-emissions-generating technologies has driven some progress, changes are occurring at nowhere near the speed required to transition to a 1.5° C pathway. In this brief, we outline climate philanthropy strategies to effectively decarbonize the power sector.
Pictured above: Engineers install solar panels on the roof of a residential house in Cape Town, South Africa. Source: iStock
Highlights from the report:
- A forward-looking view of what a sustainable power sector can look like in 2050.
- A technological breakdown of the power sector today, including a close examination of the mechanics of mitigation that add up to the full solution space across regions.
- An exploration of how to apply philanthropic enabling levers.
- Insights on how the climate philanthropy community can build on recent momentum toward a more sustainable power sector.
About ClimateWorks Global Intelligence
In partnership with a global network of grantees, funders, and researchers, ClimateWorks Global Intelligence provides insights to help funders build and execute transformative climate strategies.