The clean energy innovations we will require tomorrow hinge on development today.
Quicker progress towards net-zero emissions will depend upon faster innovation in electrification, CCUS, bioenergy and hydrogen. Just over one‑third of the cumulative emissions decreases in the Sustainable Development Circumstance originate from innovations that are not commercially available today. In the Faster Development Case, this share rises to half.
Thirty-five percent of the extra decarbonization efforts in the Faster Development Case originate from increased electrification, with around 25% originating from CCUS, around 20% from bioenergy, and around 5% from hydrogen.
Long-distance transport and heavy market are house to the hardest emissions to reduce.
Energy effectiveness, product performance and avoided transport need (e.g. substituting individual automobile travel with strolling or cycling) all play an essential function in lowering emissions in long-distance transport and heavy markets.
But nearly 60% of cumulative emissions decreases for these sectors in the Sustainable Development Situation come from technologies that are just at presentation and prototype phases today.
Hydrogen and CCUS represent around half of cumulative emissions reductions in the steel, cement and chemicals sectors. In the trucking, aviation and shipping sectors, using alternative fuels– hydrogen, synthetic fuels and biofuels– varieties in between 55% and 80%.
Highly competitive global markets, the long lifetime of existing properties, and quickly increasing demand in specific locations even more make complex efforts to reduce emissions in these challenging sectors.
Luckily, the engineering skills and understanding these sectors possess today are an exceptional starting point for commercializing the innovations required for dealing with these difficulties.