The focus on the energy transition: the latest wemo report shows alarming trends

alarm mood at the energy transition! The latest report by Capgemini, the World Energy Markets Observatory 2024 , raises alarm with oppressive clarity: The climate goals of the Paris Agreement are in danger! In 2023, greenhouse gas emissions with incredible 37.4 billion tons broke a terrifying record. The progress in energy transition worldwide is far from what is necessary to combat climate change.

Torben Schuster, the captain of the energy transformation at Capgemini in Germany, makes it unequivocally clear: “The energy transition is the biggest lever to protect our climate system - and we have to quickly change it." The goal? Netto-zero-CO2 emissions by 2050! But while the electricity requirement is increasing worldwide, the efforts to energize renewable energies have to be accelerated extremely.

importance of renewable energies

In 2023, only about 40 % of global energy came from climate -friendly sources! A disturbing increase of 14 % in the total capacity of the CO2 energy systems was recorded, with solar energy increasing the strongest with 32 %. But even with these progress, the growth is not enough to reduce CO2 emissions to zero by 2050.

It depends on the speed.
• hydrogen in focus. The number of hydrogen projects has increased four times in the past two years! There is great potential here, especially in the heavy industry and shipping.
• nuclear energy as a backbone. It is necessary to triple the worldwide nuclear power capacity in order to ensure reliable, climate -friendly energy supply. But here there are hurdles: the development of new systems is as challenging.

With investments of expected $ 400 billion in the power grid, a new age of change is heralded! This could be the key to combining research developments in energy distribution with technologies such as artificial intelligence that ensures more precise forecasts and optimizations.

According to the report, clear progress is essential to ensure network stability. But go-to-strategies are also required to advance the decarbonization! In order to regain control of the energy market despite increasing prices that arise from geopolitical uncertainties and protectionist measures.

an outdated concept?

Surprisingly, the report shows that the measurement of the primary energy requirement has long been outdated! Instead, the focus should be on the final energy consumption. This opens up new perspectives in order to better assess the progress in the use of climate -friendly energies. "The waste of fossil fuels during electricity generation urgently needs to be reduced!" warns Schuster.

The World Energy Markets Observatory contains extensive analyzes for transformation of global energy markets. These valuable findings underline urgency to fundamentally rethink our energy management action in order to save the earth for future generations.

For everyone who wants to dive deep into the matter, the full report is available here!

About Capgemini: Capgemini has become one of the leading global partners for digital and sustainable transformation and is supported by organizations to fully exploit the advantages of technology and innovation. With over 340,000 employees worldwide, the company specializes in making tangible progress for society.