A collaborative road map for a low-carbon future 

By Taimur Baig and Helge Muenkel 

THE modern world runs on electricity. Fossil fuels – of which coal accounts for some 60 per cent – contribute to about 60 per cent of our electricity generation. Underscoring the long road ahead, the power sector makes up for a third of the world’s greenhouse gas emissions.

Numerous action plans and pledges have been made to enable a meaningful green transition and net-zero outcomes by 2050 or beyond. But achieving this goal remains an uphill task. Coal consumption hit a new high in 2022, due to Europe’s demand temporarily resurging amid the energy crisis following the war in Ukraine, while China and India pushed ahead with capacity addition.