BNEF Brief: The World Will Get Half Its Power From Wind, Solar by 2050

The video discusses the projected changes in the global energy mix by 2050, highlighting a significant increase in wind and solar energy usage. It explains that renewables are becoming the cheapest form of electricity generation, with a tipping point expected by 2030 when they become cheaper than existing coal and gas assets. The transformation pace depends on policy and retirement of old assets. Coal is expected to see a major decline, especially in developed countries.

How is the pace of coal retirements expected to be influenced according to the text?

What is the expected change in coal generation profile by 2050 in developed worlds?