Foreseeing future corporate, societal, and ecological trajectories requires an understanding of the energy transition. Future economic, environmental, and social development will be influenced by how energy policy models the energy transition and its associated changes. This work aims to create a potential schedule for anticipating and responding to those changes.
- Worldwide energy transition is possible in the electricity, heat, and transportation sectors.
- The power sector takes on the role of the framework for the overall energy system.
- The efficiency of the entire system increases as a result of defossilization and electrification.
- The 1.5 °C objective and the outlined energy transition scenario are agreeable.
- Without carbon dioxide removal, final energy consumption rises along the most economical route.
‘Systems change, not climate change.’
Threats from climate change and the need to accomplish Sustainable Development Goals call for enormous changes in the global economy and society, including a complete energy system overhaul. Most regions are undergoing an energy transition, mostly in the power sector. This article will demonstrate the economic and technical viability of 100% renewable energy systems, including those for power, heat, transportation, and desalination (UN Climate Change, 2022).