Significant changes may be in store for the energy and transportation industries that are already feeling the heat of low-carbon shift.
Accelerating technology and policy changes have given rise to electric vehicles from leading car manufacturers and seen oil majors delve into clean energy would bring a further shakeout of climate change’s potential winners and losers.
Solar and wind energy, electric vehicles and metals including cobalt and copper would see the demand rise significantly as coal and oil lose out.
Meeting emissions target worldwide would mean increasing annual renewable investment on average over 60% through 2040. Fossil fuel investments would need to fall almost 40% from historical levels.