Ørsted: The world has the solutions to solve the climate crisis and the EU has the possibility to lead

Jakob Askou Bøss of Ørsted asserts that renewable energy is now cost-competitive with fossil fuels, removing technical and financial barriers to the energy transition. He calls for a global doubling of green power build-out speed and a tripling of coal retirement rates by 2030. Specifically, he urges the EU to adopt a net-zero by 2050 target and increase its 2030 emissions reduction target from 40% to at least 55% to lead other major economies, including China, toward higher ambitions.

• Renewable energy, specifically solar and wind, is now cheaper than new-built coal, gas, and nuclear plants, meaning the transition is no longer limited by technical feasibility or cost.
• To maintain a 1.5°C limit, the world must double the speed of green power build-out by 2030 and triple the rate at which coal-fired power plants are retired compared to current projections.
• Global energy use should shift toward intensified green electrification, increasing the share of electricity in total energy use from 20% currently to 50% by 2050, while energy efficiency keeps total use at current levels.
• Ørsted serves as a model for corporate transformation, having shifted from a coal-intensive utility to a green energy company, reducing carbon emissions by 83% and planning a complete coal phase-out by 2023.
• The EU is urged to adopt a net-zero by 2050 target and raise its 2030 emissions reduction target from 40% to at least 55% (relative to 1990 levels) to influence other major economies like China.

APA

Bøss, J. A. (2019). Ørsted: The world has the solutions to solve the climate crisis and the EU has the possibility to lead. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/orsted-cop25/

Chicago

Bøss, Jakob Askou. Ørsted: The world has the solutions to solve the climate crisis and the EU has the possibility to lead. We Mean Business Coalition, 2019. https://www.wemeanbusinesscoalition.org/blog/orsted-cop25/.

Wikipedia

{{cite press release |last1=Bøss |first1=Jakob Askou |title=Ørsted: The world has the solutions to solve the climate crisis and the EU has the possibility to lead |publisher=We Mean Business Coalition |date=11 December 2019 |url=https://www.wemeanbusinesscoalition.org/blog/orsted-cop25/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{bss2019rsted, author = {Bøss, Jakob Askou}, title = {{Ørsted: The world has the solutions to solve the climate crisis and the EU has the possibility to lead}}, publisher = {We Mean Business Coalition}, year = {2019}, month = dec, url = {https://www.wemeanbusinesscoalition.org/blog/orsted-cop25/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }