IEA report outlines steps to net zero carbon emissions
According to a report by the International Energy Agency (IEA), industry directly accounted for 9.4 gigatonne, or 25 percent, of global CO2 emissions in 2021 – not including indirect emissions from electricity usage.25 Jul 2023
The Net Zero Emissions by 2050 Scenario, a normative IEA roadmap for the global energy sector to achieve net zero CO2 emissions, calls for industrial emissions to decrease to seven gigatonne by 2030 even as industrial production grows. However, even in the midst of modest improvements in energy efficiency and use of renewable energies and some positive steps in policy and innovation, the transition is proceeding far too slowly.
Governments can accelerate the pace by reducing risks associated with developing new technologies and enacting mandatory CO2 emission reduction and energy efficiency policies. Critical requirements include greater material and energy efficiency, increasing use of renewable fuels, and faster development and deployment of low-carbon production processes such as hydrogen and carbon capture and storage.
Read the complete report at https://www.iea.org/reports/industry .
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