Below 2°C€¦ · Coal 06 ° – – Demand in the coal sector is estimated to fall by at least 70% under the 2°C compliant scenarios by 2030. (Vivid Economics, 2019).

Sector deep dives

A Lloyd’s emerging risk report

Below 2°CInsurance for a low carbon economy

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Contents 04

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Coal

Coal 06

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Demand in the coal sector is estimated to fall by at least 70% under the 2°C compliant scenarios by 2030. (Vivid Economics, 2019).

Coal 07

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Coal 08

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Marine

Marine 10

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Marine 11

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Marine 12

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Bioefuels

Biofuels 14

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The biofuels sectors could experience large increases in demand, but technologies have not yet proven to be deployable at scale.

Biofuels 15

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Jet fuel

Biofuels 16

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Solar PV

Solar PV 18

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Under the 2°C compliant scenario, solar PV capacity reaches 1150 GW in 2030, with forecasts suggesting average annual growth rates of between 15-25% between 2019 and 2023 (Solar Power Europe, 2019).

Solar PV 19

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Solar PV 20

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Classification: Confidential

Construction

Construction 22

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Globally, buildings and construction sectors combined are responsible for 36% of final energy consumption and close to 40% of CO2 emissions (IEA, 2019).

Construction 23

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Construction 24

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