Despite the momentum of recent years, the fact remains that the energy transition is only in its infancy. Roughly halfway through what has been called climate’s decisive decade, and in the face of rising global uncertainties, it is time for a pragmatic reality check to understand where are we really, and what it will take to get the rest of the job done.
By our count, only about 10% of the low-emissions technologies needed by 2050 to meet global climate commitments are in place. Achieving the rest of the transition requires confronting the reality that the energy transition is at its core a colossal transformation of the physical world.
