Statkraft's latest Green Transition Scenarios report highlights the growing role of electricity in the global energy transition, driven by the expansion of solar and wind power. It projects electricity demand to grow sharply, with renewables set to dominate the global power mix by 2035. Electrification through technologies such as electric vehicles and heat pumps is helping cut overall energy consumption and emissions. However, the report warns that the 1.5°C target will be hard to meet unless emission reductions accelerate beyond 2050, and calls for more grids, storage and system flexibility.
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