MARKET
Net Zero Emission Targets are accelerating the energy transition
Europe at the Tipping Point to achieve 2050 Net zero ambition…
![graphe_01-web2](https://spactransition.com/wp-content/uploads/2021/04/graphe_01-web2.jpg)
…with net zero policies going global
Countries Subscribing Net Zero Policies (% by Emissions)
![graphe_02-web2](https://spactransition.com/wp-content/uploads/2021/04/graphe_02-web2.jpg)
Global Emissions c.38bn tonnes in 2018
Source : European Commission, BNEF (2020) Hydrogen Economy Outlook, Eurostat, EEA, EDGAR (Emissions Database for Global Atmospheric Research)
The Sector disruption Requires a Step-Change in Growth Capabilities
The EU Green Deal: ~€28trn Capex to Reach Net Zero by 2050…
![graphe_05-web](https://spactransition.com/wp-content/uploads/2021/04/graphe_05-web.jpg)
New EU RES Forecasts
Renewable Generation Capacity (GW)
![graphe_07_v2-web](https://spactransition.com/wp-content/uploads/2021/04/graphe_07_v2-web.png)
Renewable GenerationShare of Total Production (%)
31%
2017
62%
2030
90%
2050
Source : Exhibit from “How the European Union could achieve net-zero emissions at net-zero cost”, December 2020, McKinsey & Company, www.mckinsey.com. Copyright (c) 2021 McKinsey & Company. All rights reserved. Reprinted by permission.