That is what BP thinks will happen on the basis of projecting forward what we are doing to date. However, in what they see as a Rapid Transition Scenario, BP still sees around half of our energy needs in 2040 coming from fossil fuels in the form of gas and oil. Here from the BP Energy Outlook, 2019 in a nutshell is the story:
In 1999 NASA lost its $125-million Mars Climate Orbiter because spacecraft engineers failed to convert from Imperial to metric measurements when exchanging vital data before the craft was launched. Numbers are important!
The target should not be 1.5°C; rather we should aim for a safe climate. James Hansen told us in 2007 that to achieve a safe climate we need to bring GHG concentrations down to 350 ppm as soon as possible. That’s CO2 equivalent, not CO2. Current CO2e is not often quoted, but would be around 500 ppm on the basis that CO2 is about 80% of total GHGs. Also we need to focus on what we are doing to the planet over centuries and millennia, not just the next 50 to 100 years.
However, the IPCC team putting the report together were not asked what the goal should be. They were asked to build a scenario for achieving the 1.5°C warming limit specified as desirable in the Paris Agreement of 2015, and to look at the impacts of a 1.5°C world as against a 2°C world. Two Degrees came out of Europe in the 1990s, achieved a general currency, then became the official goal of at the Conference of Parties of the UNFCCC in Cancun in 2010. At that time there was a move mainly by many of the island states vulnerable it inundation for a more ambitious target. Essentially the whole group at Paris agreed to try.
However, while two degrees was commonly seen as a guardrail for a safe climate even by many scientist, it was never a scientifically derived goal for a safe climate.
The 1.5C threshold was set at Paris as an ambitious target because scientists fear that a world warmer than that would be susceptible to ever wilder climactic events that in turn would precipitate greater drought, habitat loss, food insecurity and mass migration.