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Share of electricity in transport to rise from 1% to 52%

Oil&Gas Materials 25 June 2023 14:31 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, June 25. The share of electricity in transport sector will rise from 1 percent to 7 percent in 2030, before surging to 52 percent in 2050, Trend reports referring to the data of IRENA.

The assumptions are based on IRENA’s 1.5°C Scenario.

The table below shows the evolution of electrify share in other sectors:

In recent years

2030

2050

Share of direct electricity in total final energy consumption

22%

29%

51%

Share of electricity in the buildings sector

34%

53%

73%

Share of electricity in industry

20%

25%

27%

IRENA's 1.5°C Scenario is centered around achieving the Paris Agreement goal of limiting the global average temperature increase to 1.5°C above pre-industrial levels. This ambitious goal requires a significant increase in the share of electricity in total final energy consumption (TFEC). The share of electricity needs to grow from 21% in 2019 to 29% by 2030 and further to 51% by 2050. This can be accomplished through the substantial expansion of electricity-dependent technologies, many of which are already available.

Key technologies driving this transition include electric vehicles (EVs) and heat pumps, which provide heating for buildings and various industrial processes. Additionally, challenging-to-electrify sectors like certain industrial processes can indirectly achieve decarbonization by utilizing "green" hydrogen produced through renewable electricity.

By 2050, global electricity demand is expected to triple compared to 2020, presenting challenges for power systems and emphasizing the importance of energy efficiency. However, the benefits of electrification and decarbonization are substantial, and governments worldwide should view rapid and intelligent electrification as a golden opportunity. Embracing this transition can accelerate economic growth, enhance energy security, mitigate the impacts of climate change, and achieve other critical sustainability goals.

Follow the author on Twitter: @Lyaman_Zeyn

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