Evees not enough to cool Earth

The Witness - Wheels - - FRONT PAGE -

ARN­HEM — The cost of elec­tric ve­hi­cles (EVs) will fall to match those run­ning on com­bus­tion en­gines by 2022, a key trig­ger that will mean by 2035 half of all pas­sen­ger ve­hi­cles sold glob­ally will be elec­tric, ac­cord­ing to the head of a top en­ergy con­sul­tancy.

But this ex­pected exponential rise in cleaner ve­hi­cles, cou­pled with boom­ing re­new­able en­ergy pro­duc­tion, will not be enough to meet the Paris Agree­ment goal of lim­it­ing cli­mate warm­ing, Ditlev En­gel, chief ex­ec­u­tive of DNV GL’s en­ergy con­sult­ing busi­ness, told Reuters in an in­ter­view.

“The trends are very clear ... we’re mov­ing into a world of EVs, but we have to re­mem­ber we are racing against the clock. It’s not enough,” said En­gel, whose 2 300 staff ad­vise com­pa­nies and gov­ern­ments on en­ergy is­sues.

He said, on cur­rent pro­jec­tions, the world would not achieve the goal of lim­it­ing the Earth’s warm­ing to well be­low two de­grees Cel­sius by 2050, as pledged in the 2015 Paris Agree­ment.

DNV GL fore­casts gas will over­take oil as the world’s big­gest en­ergy source by 2034, a trend that is re­flected in an in­vest­ment shift at ma­jor oil com­pa­nies to­wards new gas projects.

This think­ing un­der­pinned, for ex­am­ple, Royal Dutch Shell’s $54 bil­lion takeover of BG Group last year.

Re­new­able en­ergy sources will ac­count for 85% of global elec­tric­ity pro­duc­tion by 2050.

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