Al Gore: tipping point of a revolution

Generation Investment Management, the chairman of which is Al Gore, has released its sixth annual assessment of the global state of sustainability.

The Sustainability Trends Report analyses the core drivers of the shift to sustainability across the global economy – from the power sector and industrial emissions to buildings, land, food and climate finance.

Al Gore said: "We find ourselves at a tipping point in the sustainability revolution. Geopolitical events of the past year, including the devastating war in Ukraine, have highlighted the urgent threat that fossil-fuel dependency poses to global security and democracy. We must embrace this moment as a global epiphany."

Two major developments this year have raised the chances of a rapid acceleration in the transition to clean energy according to the report: the war in Ukraine and the combined forces of policy, technology, public opinion and capital allocation decisions.

Other accelerating trends highlighted by the report include:

Significant progress in highly developed economies in power generation. The report highlights that emissions from global electricity production are almost certainly going to peak, possibly as soon as 2025, and then begin to fall. The report also praises the rise of the popularity of electric cars.

In terms of finance, the report notes that annual investment in the clean economy will soon surpass $1tr. However, to limit global warming to 1.5C will require $2tr annually by 2025, and $4tr by 2030.

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