Millions at risk of power outages

Power infrastructure around the world is in need of urgent upgrades as high temperatures due to climate change cause surges in supply and demand, and equipment to fail


INVESTMENT REQUIRED UNTIL 2030 TO MEET NET-ZERO GOALS
$ billions 200	400 	600	1,200
China 	$1.2 trillion 
U.S.	$1.0tn
177.8 	India 
155.6 	Germany
145.8 	Japan 
91.4 	France
77.7 	Brazil 
73.9 	UK 
73.9 	Korea
57.8 	Australia
47.5 	Indonesia 


TRANSNATIONAL “SUPERGRIDS”
High Voltage Direct Current network could build resilience into national supplies by sending power over long distance with low transmission losses – from generation to demand e.g solar power from Sahara

Electricity generation 2023 (TWh)
0 100 200 500 1,000 2,000 5,000

0 Summer 2024 blackouts 
Wind power
Solar

1 Texas
Chihuahua 2
Ecuador 3
Montenegro   4
5 Kuwait

Proposed European Supergrid
Asian Supergrid


Sources: Bloomberg, Energy Institute
Picture: Getty Images
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