1、RHODIUM GROUP|ENERGY&CLIMATE RHODIUM CLIMATE OUTLOOK 2025 1 Rhodium Climate Outlook 2025:Probabilistic Global Emissions and Energy Baseline Projections November 3,2025 Authors:Mahmoud Mobir Shweta Movalia Hannah Pitt Alfredo Rivera Emma Rutkowski Kate Larsen Energy&Climate RHODIUM GROUP|ENERGY&CLIMA
2、TE RHODIUM CLIMATE OUTLOOK 2025 2 What Is the World on Track for?Today,a decade into implementation of the Paris Agreement,there has already been meaningful decarbonization progress.Renewable electricity and electric vehicle technologies are being deployed at scale around the world,and newer technol
3、ogies to address some of the hard-to-abate sectors of the economy are ready for commercialization.The global policy environment for clean energy has generally improved,and capital markets have matured to help scale clean technology investment.Progress to date has flattened global greenhouse gas(GHG)
4、emissions but has yet to deliver an absolute decline in emissions.Understanding what the world and nations are on track for today is a critical starting point for charting a path to where we need to go from here to avoid the worst impacts of climate change.To date,the global community has largely re
5、lied on models to project global GHG emissions pathways in order to assess the necessary ambition of global and national emissions pledges and illustrate how the economy would need to adjust to achieve those targets.Now,a much wider array of actors are trying to understand how the economy will trans
6、form as the global energy transition continues to unfold and how they can accelerate that progress even further.Many motivated investors,companies,and policymakers are finding it increasingly challenging,however,to find the signal of where new action and investment can most effectively accelerate th