The International Energy Agency (IEA) estimates that renewable energy will need to account for at least 65% of global electricity generation by 2030.
The Paris Agreement sets a target of limiting global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. This means that the world needs to reduce its greenhouse gas emissions by 45% by 2030 and reach net zero emissions by 2050. The Agreement also states that zero-carbon solutions could be competitive in sectors representing over 70% of global emissions by 2030.
Environmental, Social, and Governance (ESG) targets can help companies improve their sustainability performance, attract and retain investors, and reduce risk. Environmental factors focus on energy efficiency, reducing greenhouse gas emissions, conserving water, and using renewable energy.