A net-zero global economy is technically and economically possible by mid-century and will require a profound transformation of the global energy system.
In its new report Making Mission Possible – Delivering a Net-Zero Economy, the Energy Transitions Commission (ETC) shows that clean electrification will be the primary route to decarbonisation, complemented by hydrogen, sustainable biomass and fossil fuels combined with carbon capture. It urges governments, investors, corporates and civil society to work together to accelerate the deployment of zero-carbon solutions before 2030 to put mid-century targets within reach.
A successful energy transition also requires broad support from society to implement the measures necessary to bend the curve. This starts with creating a general understanding of the challenges involved, potential solutions and measures, and the science behind those measures. However, with today’s barrage of articles, opinions and reports, it can be hard to see the forest for the trees. Therefore, this article aims to get back to the basics and discuss the what, why, where, when, who and how of the energy transition.
The Mission Possible Partnership was born out of the Energy Transitions Commission's “Mission Possible” report in 2018, outlining that it is technically and economically possible for hard-to-abate industrial sectors to reach net-zero emissions by 2050 at a cost to the economy of less than 0.5% of global GDP and with minor impact on consumer living standards.