By Paul Dvorak A global energy system based mainly on renewables can be achieved by 2050, but governments need to fully commit to a switch over from existing systems and energy companies need to scale up their efforts to transition to a low-carbon world. This is the main prediction by global management consultancy firm, Oliver Wyman, as it gears up to launch its annual Energy Journal.
Goodbye coal and nuclear, hello mostly renewables by 2050. Even by 2026, one consultant anticipates that 2.3 GW of offshore wind will develop.
Highlighting four mega-trends set to reshape the global energy industry, the firm maps out a dramatically
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