Heavy industry and heavy duty transport could operate with net zero transport emissions by 2060, at a cost of less than 0.5 per cent of global GDP, according to new analysis today by the Energy Transitions Commission (ETC). Based on consultations with over 200 industry experts, the influential research body suggests some of the most difficult sectors to decarbonise could slash carbon emissions in time to meet global climate targets at an affordable cost.
Business Green 19th Nov 2018 read more »
Based on six-months of work taking in consultations with more than 200 industry experts, the ETC today delivered a “pragmatic” blueprint for grasping these higher-hanging fruits in the Paris Agreement tree, complete with pathways and policy recommendations for ensuring they emulate the power and automative sectors and deliver a technoligically and economically feasible decarbonisation path.
Business Green 19th Nov 2018 read more »
Reaching net-zero carbon emissions from heavy industry and heavy-duty transport sectors is technically and financially possible by mid-century – 2050 in developed countries and 2060 in developing countries. The report Mission Possible: Reaching net-zero carbon emissions from harder-to-abate sectors by mid-century outlines the possible routes to fully decarbonize cement, steel, plastics, trucking, shipping and aviation – which together represent 30% of energy emissions today and could increase to 60% by mid-century as other sectors lower their emissions.
Energy Transitions 19th Nov 2018 read more »
A new report on the potential of heavy industry to combat climate change offers a rare slice of optimism. Sectors like steel, chemicals, cement, aviation and aluminium face a huge challenge in cutting carbon emissions. But a group including representatives from business concludes it is both practical and affordable to get their emissions down to virtually zero by the middle of the next century. The report’s been described as wishful thinking by some environmentalists. The group, the Energy Transitions Commission (ETC), says we can. It calculates that industrial emissions can be eradicated a cost of less than 1% of global GDP, with a marginal impact on living standards. The ETC – a coalition of business, finance and civil society leaders from energy producers and users – supports the aim of the 2015 Paris climate deal of limiting global warming to 1.5C, or at the very least, well below 2C. It sees benefits to society of cutting industrial emissions because this would save the costs associated with pollution and climate change impact.
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