Study: Achieving zero carbon emissions by 2050 can be done without harming the economy

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A new study reveals that achieving net-zero carbon emissions by 2050 is possible without hurting the economy, as scientists from University College London formulate different scenarios to see if the ambitious goal is feasible, and their findings suggest we should be able to reach net net zero emissions by 2050. Zero emissions and limiting temperature increase to 2.7°F (1.5°C) above pre-industrial levels without significant impact on the global economy.

“Continuing global economic growth is clearly consistent with achieving the temperature target in the Paris Agreement,” said Paul Ekins, who led the study. “Governments now need to intensify policy development to stimulate the investments required to transform These expectations come true.”

Previous studies have argued that achieving net zero carbon emissions by 2050 is impossible without some disruption to global economies.

However, both the United Kingdom and Finland have shown that it is possible to reduce emissions while developing their economies, as they both demonstrated from 2010 to 2016.

Also, in the new study, the team formulated different scenarios to slow the growth of global energy demand, with energy demand in 2100 being only 30% higher than in 2020.

They also modeled the deployment of renewable technologies needed to decarbonize almost completely electricity generation by 2100 and produce seven times the energy the world used in 2010, replacing fossil fuels in transportation, heating, and in some industrial processes. In addition, they modeled the phase-out of coal. globally.

Their models showed that it is possible to reach net zero emissions without reducing economic growth, while also limiting the temperature increase to 2.7 degrees Fahrenheit (1.5 degrees Celsius) above pre-industrial levels.

“None of the scenarios came anywhere near declines in economic output from the 2020 level,” Prof Ekins said.

And with a slower, gradual reduction of coal, Prof Ekins says, the 2.7°F (1.5°C) target could still be reached by 2100, but only through the ‘much larger’ use of CCS and negative emissions technologies.



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