Heavy industries can reach net zero if they collaborate more
- The 2022 Breakthrough Program Report sets out 25 recommendations on how to achieve net zero emissions in 5 sectors: electricity, hydrogen, road transport, steel and agriculture.
- International collaboration and aligned global standards are key to accelerating the transition to net zero emissions, the report says.
- Faster decarbonization will also reduce technology costs, he says.
Better international collaboration is essential for the world to reduce greenhouse gas emissions to net zero by 2050.
The report examines progress in reducing emissions in five key industrial sectors – electricity, hydrogen, road transport, steel and agriculture – and calls for closer cooperation between governments, businesses and society to accelerate this transition.
Moving faster to net zero will reduce technology costs, the authors argue. They make 25 recommendations across five industries to make clean energy, electric vehicles, sustainable agriculture, and low-carbon steel and hydrogen the most affordable options as soon as possible. Here is a summary :
The electricity industry is decarbonizing
1. Governments, companies, development banks and investors should agree priority projects to demonstrate and test technologies, including energy storage, that will support the delivery of net zero energy in the future.
2. International assistance for the electricity industry’s transition to net zero must be larger, better coordinated, more transparent and accessible.
3. Financing for development in regions dependent on fossil fuels needs to be more closely aligned with local jobsskills, investment and environmental restoration.
4. Countries should be work across borders develop opportunities for power grids that help the electricity industry transition to clean energy.
5. Appliances that consume a lot of power should have minimum energy performance standardscollectively agreed by countries and industry.
Hydrogen has an essential role in the transition to clean energy
6. Industries already using low-carbon, renewable hydrogen should commit to using more of this one. So-called green hydrogen is a carbon-free fuel produced from renewable energies.
7. Governments and businesses should agree international standards and certification renewable and low-carbon hydrogen systems. This should include emissions and safety measurement.
8. The number and geographical distribution The number of projects demonstrating hydrogen technology is expected to be significantly increased and cover uses in sectors such as shipping and heavy industry.
9. Discounted financing should be available for well-targeted uses of hydrogen that can attract large-scale private investment in hydrogen production and distribution in developing countries.
Road transport needs a more unified approach
10. Sales of all new road vehicles should be zero emissions on a date agreed between the governments. For cars, this should be around 2035.
11. Key technologies will contribute to the transition of road transport towards zero emissions. Governments need to agree and understand what this is about, so they can send a “clear and unambiguous” signal to industry.
12. Governments should share their most effective methods for attracting investment and accelerating the deployment of electric vehicle charging infrastructure.
13. Vehicle charging infrastructure standards are inconsistent. There are different rules for light and heavy vehicles. Governments and industry must work together to prevent standards from diverging further away.
14. Batteries for electric vehicles must be produced in a sustainable and socially responsible manner, in particular by minimizing their impact on the environment.
15. The efficiency and safety of used vehicles must be enforced through harmonized regulations between countries importing and exporting vehicles.
Near zero emission steel needs more support
16. Governments and businesses need to agree on common definitions for low-emitting and near-zero-emitting steel.
17. Commitments to purchase near-zero-emission steel should be increased to cover a “significant share” of future government and business steel demand.
18. Near-zero-emission steel must be competitive in international markets. Governments, including producer and consumer countries, should “urgently launch a strategic dialogue” So.
19. Pilot projects in major steel-producing regions shared technological learning. Governments and businesses should work together to identify them.
20. Funding to help emerging and developing countries the transition of their steel industries to near-zero emission technologies should be greatly increased.
Agriculture must be sustainable and resilient to climate change
21. Additional investments are needed in agricultural research, development and demonstration projects. Key areas of focus should include reduce food waste and emissions livestock and fertilizers.
22. One “significant increase” in international climate funding going to the agricultural industry is necessary. This should include more small and medium enterprises and smallholder farmers in developing countries.
23. Redirect policies and support for agriculture towards sustainability and climate resilience. Partners, including government, research institutes and the private sector, should develop, test and share ways to do this.
24. Countries working towards sustainable agriculture should not be disadvantaged International exchange. Governments should engage in strategic dialogue to avoid this.
25. International standards should be developed to report on the state of natural resources used by agriculture. This should include soil carbon content and pollinator health.
Industry Net Zero Initiatives
Decarbonizing carbon-intensive industrial sectors, including aluminum, aviation, concrete, shipping and steel, is the goal of the World Economic Forum’s First Movers Coalition.
As other sectors decarbonise, the aviation sector could account for a much higher share of global greenhouse gas emissions by mid-century than its 2-3% share today. today.
Sustainable Aviation Fuels (SAFs) can reduce the lifecycle carbon footprint of aviation fuel by up to 80%, but currently account for less than 0.1% of total aviation fuel consumption. Enabling the switch from fossil fuels to SAF will require a significant increase in production, which is a costly investment.
The Forum’s Clean Skies for Tomorrow (CST) Coalition is a global initiative promoting the transition to sustainable aviation fuels as part of the aviation industry’s ambitious efforts to achieve carbon neutral flight.
The coalition brings together government leaders, climate experts and CEOs from aviation, energy, finance and other sectors who agree on the urgent need to help the aviation industry achieve emissions net zero carbon emissions by 2050.
The coalition aims to advance the commercial scale of viable production of sustainable low-carbon aviation fuels (bio and synthetic) for wide adoption in industry by 2030. Initiatives include a carbon neutral flight demand aggregation, co-investment vehicle and geographically specific value chain industry blueprints.
Learn more about the impact of the Clean Skies for Tomorrow Coalition and contact us to find out how you can get involved.
Nine governments and more than 50 member companies have joined the global initiative to accelerate clean technologies in seven areas of heavy industry that account for 30% of global greenhouse gas emissions.
The Net-Zero Industry Tracker is another Forum initiative aimed at helping industry sectors achieve net zero by 2050. It includes a set of standard metrics to measure how industries are reducing emissions and improving energy efficiency. .
In the Energy Transition Index, the Forum and professional services firm Accenture suggest that the current energy crisis is an opportunity to increase investment in clean energy “at a record pace” and to intensify the transition to energy sources. clean energy.
The index has tracked more than 100 countries for a decade in their transition to clean, affordable and secure energy.