Events and Webinars

Webinar

Cutting back – a low energy demand pathway to net zero

with Beatrice Tanjangco and Samuel Gonzalez Holguera | Online | October 21, 2024

The Global Climate Service quantifies the macroeconomic impacts of six climate scenarios against our Oxford Economics baseline. These scenarios help businesses understand the trade-offs and implications of climate mitigation. This quarter, our new scenario “Low Energy Demand” highlights the role of reducing energy demand in the clean energy transition. In this scenario, the failure to decarbonise the grid and develop necessary technology like carbon capture compels the world to reduce energy demand. We assume that stringent climate policies are essential to induce the efficiency improvements and behavioural change required to meet climate goals. As the world transforms to make do with less energy, the economy is structurally changed in the long term.