Advancing Towards Net-Zero: Global Progress Highlights and Insights
Key Ideas
  • The International Energy Agency's report on government partnerships for critical minerals supply chains highlights key collaborations between major countries.
  • The adelphi publication emphasizes the importance of Government-to-Government cooperation in developing hydrogen supply chains and CCS projects.
  • Global efforts towards reducing methane emissions are showcased through the Global Methane Pledge signed by 158 countries, focusing on a one-third reduction by 2030.
  • BloombergNEF's New Energy Outlook 2024 discusses the role of green hydrogen in achieving net-zero greenhouse gas emissions by 2050, stressing the need for increased renewable energy capacity.
In the midst of the global drive to achieve net-zero greenhouse gas emissions, significant progress and collaborations have been observed in various sectors. The International Energy Agency's report in August 2024 sheds light on government partnerships that support responsible and reliable critical mineral supply chains. Strategic alliances between major players like the European Union, the United States, and Japan aim to ensure a stable supply of vital resources. The adelphi publication underscores the necessity of Government-to-Government cooperation in advancing hydrogen-based fuels and carbon capture projects. Additionally, the Global Methane Pledge, signed by 158 nations, demonstrates a unified commitment towards reducing methane emissions by one third by 2030. This pledge, in line with the upcoming COP-26 in Glasgow, signifies a crucial step in combating climate change. BloombergNEF's New Energy Outlook 2024 predicts the potential for achieving net-zero greenhouse gas emissions by 2050, with a strong emphasis on the pivotal role of green hydrogen in industrial and transportation sectors. Moreover, advancements in carbon capture technologies, as highlighted by the Global CCS Institute, and the development of nature-based solutions in the Global South, presented by the Council on Energy, Environment, Energy and Water, illustrate diverse approaches towards environmental sustainability. These initiatives collectively contribute to the global efforts aimed at mitigating climate change and fostering a greener future. With continued collaboration and innovation, the pathway to achieving net-zero emissions becomes more tangible and promising.
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