Full Title: MISSION POSSIBLE: REACHING NET-ZERO CARBON EMISSIONS FROM HARDER-TO-ABATE SECTORS BY MID-CENTURY
Author(s): Energy Transitions Commission
Publisher(s): Energy Transitions Commission
Publication Date: November 1, 2018
Full Text: Download Resource
Description (excerpt):
The Paris climate agreement committed the world
to limit global warming to well below 2°C and keep
it as close as possible to 1.5°C above preindustrial
levels. The latest IPCC report has warned the
world of the major negative impacts on humanity
and the planet of a rise in global temperatures of
1.5°C, and the even more dramatic consequences
of 2°C global warming. It therefore urges the world
to aim for 1.5°C and recommends achieving netzero
CO2 emissions globally by 2050.
The Energy Transitions Commission (ETC) – a
coalition of business, finance and civil society
leaders from across the spectrum of energy
producing and using industries – supports the
objective of limiting global warming ideally to
1.5°C and, at the very least, well below 2°C.
To achieve even the 2°C goal, and to have any
chance of reaching the aspired 1.5°C limit, it
is essential for energy and industrial systems to
achieve net-zero CO2 emissions within themselves –
i.e. without permanently relying on offsets from the
land use sector. The ETC strongly believes that this is
achievable by 2050 in developed economies and
2060 in developing economies.