Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

DNV Published “Pathway to Net Zero Emissions” Report

Urja Daily by Urja Daily
October 29, 2021
in News
Reading Time: 3 mins read
0
DNV
Share on FacebookShare on TwitterShare on Linkedin
  • DNV’s pathway to net zero says North America and Europe must be carbon neutral by 2042, whereas Indian Subcontinent is set to be a net emitter by 2050
  • Net zero report says carbon capture, storage and use is required as energy production will not be carbon neutral by 2050
  • Aim to halve emissions by 2030 is out of reach but massive, early action is needed if we are to have any chance of reaching a 1.5°C future 
  • DNV’s new report “Pathway to Net Zero Emissions” describes a feasible way to limit global warming to 1.5°C

OSLO, Norway – A feasible path to limit planetary warming to 1.5°C requires certain countries and sectors to go below net zero and to do so well before the middle of the century, according to new analysis from the authors of the Energy Transition Outlook.  Policy makers are set to meet in Glasgow for the COP 26 summit with an eye on achieving zero emissions by 2050.  For this to happen, North America and Europe must be carbon neutral by 2042 and then carbon negative thereafter, according to DNV‘s pathway to net zero. The pathway also finds that Greater China must reduce emissions by 98% from 2019 levels by 2050.  There are regions that cannot realistically transition completely away from fossil fuels in the same timeframe, such as the Indian Subcontinent, which will reduce emissions by 64%. 

Pathway to Net Zero Emissions also lays out the pace at which different industry sectors need to decarbonize.  The so-called hard-to-abate sectors will take longer to decarbonize and even if sectors like maritime (-90% CO2 emissions in 2050) and iron and steel production (-82%) scale up the introduction of greener technologies, they will still be net emitters by 2050.

RELATED POSTS

VinFast Expands into Hyderabad with Dual Showroom Launch

Samsung and Videotex Partner to Expand Tizen OS TVs in India

Whilst the DNV Energy Transition Outlook forecasts the most likely energy future through to 2050, the Pathway to Net Zero Emissions offers a feasible way to limit global warming to 1.5°C.  The report stands out amongst its peers as it is the only one that starts from the point of where we most likely will be in 2050 and then seeks to close this gap.

“Zero is not enough. That is because, try as they might, many developing nations and hard-to-abate sectors will not be able to achieve zero emissions by 2050 – the critical threshold for the world to stay within 1.5°C of warming,” said Remi Eriksen, Group President and CEO of DNV. “Developed nations, leading companies and easy-to-electrify sectors are therefore going to have to go below zero before 2050.”

The primary energy mix laid out in the net zero report is radically different from the current trajectory.  Electricity meets just above half (51%) of the energy demand with wind and solar supplying 86% of electricity.  Hydrogen, which is vital to decarbonize the hard-to-abate sectors, has a 13% share.  Fossil fuels will still be required by countries and industries that are unable to decarbonize completely by 2050.  21% of the energy mix is derived from fossil fuels (8% oil, 10% natural gas and 3% coal), although there will be no need for new oil and gas fields after 2028 in this pathway.  Carbon capture and removal technologies are a must according to the net zero report to remove the final 20% of emissions.  Nuclear does not feature prominently because it is too costly compared to renewable energy.

The mid-term aim of the Paris Agreement to halve emissions compared to 2017 levels by 2030 is out of reach and the net zero report puts emission reduction at 30% at this point.  However, for technologies to become scalable further down the line – such as hydrogen and CCS – investments and reshaping of policies must start now. Simultaneously, a massive ramping up of solar and wind needs to start immediately to accelerate the green electrification of the energy system beyond the current fast pace of change. 

Time is the key restraint to realizing the Pathway to Net Zero Emissions, rather than money. Even with very large investments required, particularly in the short term, (cumulatively USD 55trn in renewables and USD 35trn in grids over 30 years) the additional costs of reaching 1.5°C are less than 1% of global GDP the next 30 years.

Tags: DNVenergy transitionnet zerozero emissions
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

VinFast

VinFast Expands into Hyderabad with Dual Showroom Launch

by Palak
September 26, 2025
0

Hyderabad, Telangana, India - VinFast Auto India announced the inauguration of its two showrooms in Hyderabad, further strengthening its presence...

Samsung

Samsung and Videotex Partner to Expand Tizen OS TVs in India

by Palak
September 25, 2025
0

Delhi : Videotex International Pvt. Ltd. has announced a partnership with Samsung to locally manufacture Smart TV powered by Samsung Tizen OS...

Mitsubishi Electric

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

by Palak
September 25, 2025
0

TOKYO - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Iwao Oda) today announced the introduction of KEGMIL, a...

WOTR

Maharashtra, WOTR Sign Pact to Mainstream Ecological Resilience in State Planning

by Palak
September 23, 2025
0

Pune: The Department of Environment and Climate Change, Government of Maharashtra, has signed an MoU with the Watershed Organisation Trust (WOTR)...

AIIMS Pulse

AIIMS Pulse 2025: Dr. Abraham Kumar Honored as Jury Member for Golden Jubilee Edition

by Palak
September 23, 2025
0

New Delhi: Pulse celebrated its 50th edition this year with unmatched grandeur, cementing its reputation as South Asia’s largest medical college...

Next Post
Aker-Solutions-wind

Aker Offshore Wind Unveils Manifesto for Scotland's Green Industrial

Mainstream_Renewable_Power

Mainstream Renewable Power and Partners Awarded 1.27 GW

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

VinFast

VinFast Expands into Hyderabad with Dual Showroom Launch

September 26, 2025
Mr. Saleem Ahmed, Officiating Head, ESSCI

India Can Lead in Semiconductor Innovation, If We Skill Right

September 25, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

VinFast Expands into Hyderabad with Dual Showroom Launch

India Can Lead in Semiconductor Innovation, If We Skill Right

Samsung and Videotex Partner to Expand Tizen OS TVs in India

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

Zen Mobility Launches Pixi Pod and Pico Pod for Urban EV Needs

Renewables Resilience: July Data Shows Growth Amidst Anti-Clean Energy Bills

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved