
IRENA Members Call for Hydrogen Trade Beyond Borders
23 May 2022 | Articles
09 September 2020| Articles
Only seven industry and transport sectors will account for 38% of all CO2 emissions globally in 2050 unless there are significant changes in current approaches. Concerted action beyond planned policies can turn the page within the remaining 40 years and achieve zero emissions in heavy industry and transport by around 2060, a key requirement to limit global temperature rises to 1.5°C. The use of renewables will be central, accelerated through the rapid falls in technology and power costs.
Renewable energy solutions for each of these sectors are available and could play a much larger role than previously assumed, preliminary findings of IRENA’s new upcoming report Reaching Zero with Renewables show. Yet, for energy-intensive industrial sectors like iron and steel, chemicals, cement and aluminum as well as long distance aviation, shipping and road freight transport, the options are not yet commercially mature and ready for wide adoption.
Analysing emission reduction challenges and options for these so called hard-to-decarbonise sectors, the upcoming report sends a strong message to policy makers and industry investors to avoid the distraction of partial measures and unerringly pursue a path that scales up the few options consistent with reaching the zero-emission goal.
IRENA’s first Global Renewables Outlook has shown how to transform the global energy system in line with the Paris Agreement, keeping the temperature rise well below 2°C. The upcoming report explores in detail how additional ‘deeper decarbonisation’ measures can go beyond to deliver zero emission in key sectors by at the latest by 2060 - consistent with holding the line at 1.5°C.
Reaching this ultimate global climate goal of zero emissions requires eliminating direct CO2 emissions from energy use and industrial processes alike. A key component will be the production of increasingly cost-effective renewable energy carriers including electricity, biofuels, hydrogen and synthetic fuels to provide both energy and feedstocks.
Industry
Key recommendations for governments and industry:
Transport
Key recommendations for governments and industry include:
Read the preview summarising some key insights from the report.
The Reaching Zero with Renewables report will be launched on September 21st during events of the Clean Energy Ministerial and Mission Innovation.
IRENA Members Call for Hydrogen Trade Beyond Borders
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