• 3 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 6 minutes Forecasts for Natural Gas
  • 14 minutes NordStream2
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours Communist China Declared War on the US Long Ago Part 1 of the 2-part series: The CCP's War on America
  • 2 hours China's aggression is changing the nature of sovereignty.
  • 9 hours Delta variant in European Union
  • 3 days Ukrainian Maidan after 8 years
  • 16 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 4 days OPEC+ Expects Large Oil Glut In Early 2022
  • 4 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 2 days Сryptocurrency predictions
  • 4 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 4 days Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Peak Meat, EVs, and Solar: The World in 2030

According to Principles for Responsible Investment, the next five years will see “sweeping” changes to government policies in the energy, transport, and food sectors

A surge in electric vehicle adoption, peak meat consumption, and a substantial increase in wind and solar power generation will be among the distinguishing features of 2030, according to a new report from a UN-backed body.

According to Principles for Responsible Investment, the next five years will see “sweeping” changes to government policies in the energy, transport, and food sectors that would lead to peak meat consumption by 2030, and greater carbon dioxide emission absorption by the soil as land use patterns change, Reuters reports, citing the report.

All this would bring the world on track to keep global temperatures rising by no more than 2 degrees Celsius from pre-industrial era levels. The more ambitious target of keeping temperatures rising by no more than 1.5 degrees Celsius from pre-industrial times would require more political action, the report also said.

“BlackRock believes climate risk is investment risk and assessing climate risk on the path to net zero requires credible scenarios outlining not only what is possible but what is likely,” said the head of ESG Investment, Global Fixed Income at BlackRock, Ashley Schulten.

BlackRock is among the strategic partners of the Inevitable Policy Response, the climate forecast division of the Principles for Responsible Investment.

“The detailed policy forecasts in this work help the market conceptualize the key changes that could occur in energy and land systems across the world if the forecasted climate policy acceleration occurs,” Schulten also said, as quoted by Reuters.

The 1.5-degree scenario will be a lot more difficult to achieve, according to the authors of the report. It would require the almost complete global phase-out of internal combustion engine vehicles by 2040, the end of coal by 2035, and 100-percent clean power generation by 2045.

Even the “Forecast Policy Scenario” that the authors see as most likely will be challenging in light of current energy demand and supply trends.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Dan Scott on October 18 2021 said:
    "BlackRock is among the strategic partners of the Inevitable Policy Response, the climate forecast division of the Principles for Responsible Investment." So we're saying BlackRock guides the rules for 'responsible investment' to align in support of their investments and profits. I don't see any conflict of interest there at all. What a cabal!
  • Mamdouh Salameh on October 18 2021 said:
    While a substantial increase in wind and solar electricity generation and a deeper penetration by EVs into the global transport system by 2030 are possible because they are governed by government legislations, a peak meat consumption won’t.

    The reason is that people will never accept to be dictated to them what they can and can’t eat.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London
  • Kay Uwe Boehm on October 18 2021 said:
    World energy supply was increased mainly from oil, gas & coal not solar & wind power in FRG 2017 only about 4% 20% of electricity needing.always back up power system if no solar & wind available and most not storm proof.

    No green electricity surplus for EV in world and lithium price explosion 2021.
  • DoRight Deikins on October 18 2021 said:
    « greater carbon dioxide emission absorption by the soil as land use patterns change ...» Let's hear it for more responsible forestry practices, including thinning and controlled burning (Will the thought police bust me for that?). Had a friend in Oregon who hired out with his horses to thin forestry stands into which they couldn't get machinery. Only problem with that today is that those horses can produce considerable methane (and a bit of CO2, to boot!). Though I'm almost certain that on any given day in a spruce forest in the Cascades, there is a dearth of CO2.

    Of course, farming (i.e. carbon sequestering) takes a bit of fertilizer, which in general these days is made from atmospheric nitrogen via fossil fuels. Fertilizer comes from atmospheric nitrogen! Wow, what an incredible creation in which we live! In fact, a decent thunder storm can sequester 20lbs per acre of nitrogen fertilizer.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News