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Pathway to Net Zero Emissions

Abstract

A feasible path to limit planetary warming to 1.5°C requires certain countries and sectors to go below net zero and to do so well before the middle of the century, according to new analysis from the authors of the Energy Transition Outlook. DNV’s pathway to net zero says North America and Europe must be carbon neutral by 2042, whereas Indian Subcontinent is set to be a net emitter by 2050 Net zero report says carbon capture, storage and use is required as energy production will not be carbon neutral by 2050 Aim to halve emissions by 2030 is out of reach but massive, early action is needed if we are to have any chance of reaching a 1.5°C future DNV’s new report “Pathway to Net Zero Emissions” describes a feasible way to limit global warming to 1.5°C Policy makers are set to meet in Glasgow for the COP 26 summit with an eye on achieving zero emissions by 2050. For this to happen, North America and Europe must be carbon neutral by 2042 and then carbon negative thereafter, according to DNV’s pathway to net zero. The pathway also finds that Greater China must reduce emissions by 98% from 2019 levels by 2050. There are regions that cannot realistically transition completely away from fossil fuels in the same timeframe, such as the Indian Subcontinent, which will reduce emissions by 64%. Pathway to Net Zero Emissions also lays out the pace at which different industry sectors need to decarbonize. The so-called hard-to-abate sectors will take longer to decarbonize and even if sectors like maritime (-90% CO2 emissions in 2050) and iron and steel production (-82%) scale up the introduction of greener technologies, they will still be net emitters by 2050.

Related subjects: Policy & Socio-Economics
Countries: Norway
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2021-10-27
2022-08-15
http://instance.metastore.ingenta.com/content/policypaper2700
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