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Saturday, January 27, 2024

Fossil fuel phase-out

From Wikipedia, the free encyclopedia
Investment: Companies, governments and households have been investing increasing amounts in decarbonisation, including renewable energy, electric vehicles and associated infrastructure, energy storage, energy-efficient heating systems, carbon capture and storage, and hydrogen energy.
Cost: With increasingly widespread implementation of renewable energy sources, the levelised cost of energy has declined, most notably for energy generated by solar panels.

Fossil fuel phase-out is the gradual reduction of the use and production of fossil fuels to zero, to reduce deaths and illness from air pollution, limit climate change, and strengthen energy independence. It is part of the ongoing renewable energy transition, but is being hindered by fossil fuel subsidies.

Although many countries are shutting down coal-fired power stations, electricity generation is not moving off coal fast enough to meet climate goals. Many countries have set dates to stop selling petrol and diesel cars and trucks, but a timetable to stop burning fossil gas has not yet been agreed.

Current efforts in fossil fuel phase-out involve replacing fossil fuels with sustainable energy sources in sectors such as transport and heating. Alternatives to fossil fuels include electrification, green hydrogen and biofuel. Phase-out policies include both demand-side and supply-side measures. Whereas demand-side approaches seek to reduce fossil-fuel consumption, supply-side initiatives seek to constrain production to accelerate the pace of energy transition and reduction in emissions. It has been suggested that laws should be passed to make fossil fuel companies bury the same amount of carbon as they emit. The International Energy Agency estimates that in order to achieve carbon neutrality by the middle of the century, global investments in renewable energy must treble by 2030, reaching over $4 trillion annually.

Scope

While crude oil and natural gas are also being phased out in chemical processes (e.g. production of new building blocks for plastics) as the circular economy and biobased economy (e.g. bioplastics) are being developed to reduce plastic pollution, the fossil fuel phase out specifically aims to end the burning of fossil fuels and the consequent production of greenhouse gases. Therefore, attempts to reduce the use of oil and gas in the plastic industry do not form part of fossil fuel phase-out or reduction plans.

Types of fossil fuels

Coal

The annual amount of coal plant capacity being retired increased into the mid-2010s. However, the rate of retirement has since stalled, and global coal phase-out is not yet compatible with the goals of the Paris Climate Agreement.
 
In parallel with retirement of some coal plant capacity, other coal plants are still being added, though the annual amount of added capacity has been declining since the 2010s.

To meet the Paris Agreement target of keeping global warming to well below 2 °C (3.6 °F), coal use needs to halve from 2020 to 2030. However as of 2017, coal supplied over a quarter of the world's primary energy and about 40% of the greenhouse gas emissions from fossil fuels. Phasing out coal has short-term health and environmental benefits which exceed the costs, and without it the 2 °C target in the Paris Agreement cannot be met; but some countries still favour coal, and there is much disagreement about how quickly it should be phased out.

As of 2018, 30 countries and many sub-national governments and businesses had become members of the Powering Past Coal Alliance, each making a declaration to advance the transition away from unabated (abated means with carbon capture and storage (CCS), but almost all power plants are unabated as CCS is so expensive) coal power generation. As of 2019, however, the countries which use the most coal have not joined, and some countries continue to build and finance new coal-fired power stations. A just transition from coal is supported by the European Bank for Reconstruction and Development.

In 2019 the UN Secretary General said that countries should stop building new coal power plants from 2020 or face 'total disaster'.

In 2020, although China built some plants, globally more coal power was retired than built: the UN Secretary General has said that OECD countries should stop generating electricity from coal by 2030 and the rest of the world by 2040.

Oil

The 2010 Deepwater Horizon oil spill discharges 4.9 million barrels (780,000 m3)

Crude oil is refined into fuel oil, diesel and petrol. The refined products are primarily for transportation by conventional cars, trucks, trains, planes and ships. Popular alternatives are human-powered transport, public transport, electric vehicles, and biofuels.

Natural gas

Natural gas well in Germany

Natural gas is widely used to generate electricity and has an emission intensity of about 500g/kWh. Heating is also a major source of carbon dioxide emissions. Leaks are also a large source of atmospheric methane.

In some countries natural gas is being used as a temporary "bridge fuel" to replace coal, in turn to be replaced by renewable sources or a hydrogen economy. However this "bridge fuel" may significantly extend the use of fossil fuel or strand assets, such as gas-fired power plants built in the 2020s, as the average plant life is 35 years. Although natural gas assets are likely to be stranded later than oil and coal assets, perhaps not until 2050, some investors are concerned by reputational risk.

As of 2019, natural gas phase-out progressed in some regions, for example with increasing use of hydrogen by the European Network of Transmission System Operators for Gas (ENTSOG) and changes to building regulations to reduce the use of gas heating.

Reasons

Commonly cited reasons for phasing out fossil fuels are to:

Health

Most of the millions of premature deaths from air pollution are due to fossil fuels. Pollution may be indoors e.g. from heating and cooking, or outdoors from vehicle exhaust. One estimate is that the proportion is 65% and the number 3.5 million each year. According to Professor Sir Andy Haines at the London School of Hygiene & Tropical Medicine the health benefits of phasing out fossil fuels measured in money (estimated by economists using the value of life for each country) are substantially more than the cost of achieving the 2-degree C goal of the Paris Agreement.

Climate change mitigation

Fossil-fuel phase-out is the largest part of limiting global warming as fossil fuels account for over 70% of greenhouse gas emissions. In 2020, the International Energy Agency said that to meet the goals of the Paris Agreement, the phase-out of fossil fuels would need to "move four times faster". To achieve the goal of limiting global warming to 1.5 °C above pre-industrial levels, the vast majority of fossil fuel reserves owned by countries and companies as of 2021 would have to remain in the ground.

Employment

The renewable energy transition can create jobs through the construction of new power plants and the manufacturing of the equipment that they need, as was seen in the case of Germany and the wind power industry.

This can also be seen in the case of France and the nuclear power industry. France receives about 75% of its electricity from nuclear energy and hundreds of jobs have been created for developing nuclear technology, construction workers, engineers, and radiation protection specialists.

Energy independence

Countries which lack fossil fuel deposits, particularly coal but also petroleum and natural gas, often cite energy independence in their shift away from fossil fuels.

In Switzerland the decision to electrify virtually the entire railway network was taken in light of the two world wars (during which Switzerland was neutral) when coal imports became increasingly difficult. As Switzerland has ample hydropower resources, electric trains (as opposed to those driven by steam locomotives or diesel) could be run on domestic energy resources, reducing the need for coal imports.

The 1973 oil crisis also led to a shift in energy policy in many places to become (more) independent of fossil fuel imports. In France the government announced an ambitious plan to expand nuclear power which by the end of the 1980s had shifted France's electricity sector almost entirely away from coal gas and oil and towards nuclear power.

The trend towards encouraging cycling in the Netherlands and Denmark also coincided with the 1973 oil crisis and aimed in part at reducing the need for oil imports in the transportation sector.

Phase-out of fossil fuel subsidies

Significant fossil fuel subsidies are present in many countries. Fossil fuel subsidies in 2019 for consumption totalled USD 320 billion spread over many countries. As of 2019 governments subsidise fossil fuels by about $500 billion per year: however using an unconventional definition of subsidy which includes failing to price greenhouse gas emissions, the International Monetary Fund estimated that fossil fuel subsidies were $5.2 trillion in 2017, which was 6.4% of global GDP. Some fossil fuel companies lobby governments.

Phasing out fossil fuel subsidies is very important. It must however be done carefully to avoid protests and making poor people poorer. In most cases, however, low fossil fuel prices benefit wealthier households more than poorer households. So to help poor and vulnerable people, other measures than fossil fuel subsidies would be more targeted. This could in turn increase public support for subsidy reform.

Economic theory indicates that the optimal policy would be to remove coal mining and burning subsidies and replace them with optimal taxes. Global studies indicate that even without introducing taxes, subsidy and trade barrier removal at a sectoral level would improve efficiency and reduce environmental damage. Removal of these subsidies would substantially reduce GHG emissions and create jobs in renewable energy. The IMF estimated in 2023 that removal of fossil fuel subsidies would limit global heating to the Paris goal of substantially less than 2 degrees.

The actual effects of removing fossil fuel subsidies would depend heavily on the type of subsidy removed and the availability and economics of other energy sources. There is also the issue of carbon leakage, where removal of a subsidy to an energy-intensive industry could lead to a shift in production to another country with less regulation, and thus to a net increase in global emissions.

In developed countries, energy costs are low and heavily subsidised, whereas in developing countries, the poor pay high costs for low-quality services.

A plan has been put forward to power 100% of the world's energy with wind, hydroelectric, and solar power by the year 2030. It recommends transfer of energy subsidies from fossil fuel to renewable, and a price on carbon reflecting its cost for flood, cyclone, hurricane, drought, and related extreme weather expenses.

Excluding subsidies the levelised cost of electricity from new large-scale solar power in India and China has been below existing coal-fired power stations since 2021.

A study by Rice University Center for Energy Studies suggested the following steps for countries:

  1. Countries should commit to a specific time frame for a full phaseout of implicit and explicit fossil fuel subsidies.
  2. Clarify the language on subsidy reform to remove ambiguous terminology.
  3. Seek formal legislation in affected countries that codifies reform pathways and reduces opportunities for backsliding.
  4. Publish transparent formulas for market-linked pricing, and adhere to a regular schedule for price adjustments.
  5. Phase-in full reforms in a sequence of gradual steps. Increasing prices gradually but on a defined schedule signals intent to consumers while allowing time to invest in energy efficiency to partially offset the increases.
  6. Aspire to account for externalities over time by imposing a fee or tax on fossil energy products and services, and eliminating preferences for fossil fuels that remain embedded in the tax code.
  7. Use direct cash transfers to maintain benefits for poor segments of society rather than preserving subsidised prices for vulnerable socioeconomic groups.
  8. Launch a comprehensive public communications campaign.
  9. Any remaining fossil fuel subsidies should be clearly budgeted at full international prices and paid for by the national treasury.
  10. Document price and emissions changes with reporting requirements.

Studies about fossil fuel phase-out

Reduction in fossil fuel capacity compared to renewables
Renewable energy sources, especially solar photovoltaic and wind power, are providing an increasing share of power capacity.
 
In 2023, electricity generation from wind and solar sources was projected to exceed 30% by 2030, as fossil fuels' use continues to decline.
The countries most reliant on fossil fuels for electricity vary widely on how great a percentage of that electricity is generated from renewables, leaving wide variation in renewables' growth potential.

In 2015, Greenpeace and Climate Action Network Europe released a report highlighting the need for an active phase-out of coal-fired generation across Europe. Their analysis derived from a database of 280 coal plants and included emissions data from official EU registries.

A 2016 report by Oil Change International, concludes that the carbon emissions embedded in the coal, oil, and gas in currently working mines and fields, assuming that these run to the end of their working lifetimes, will take the world to just beyond the 2 °C limit contained in the 2015 Paris Agreement and even further from the 1.5 °C goal. The report observes that "one of the most powerful climate policy levers is also the simplest: stop digging for more fossil fuels".

In 2016, the Overseas Development Institute (ODI) and 11 other NGOs released a report on the impact of building new coal-fired power plants in countries where a significant proportion of the population lacks access to electricity. The report concludes that, on the whole, building coal-fired power plants does little to help the poor and may make them poorer. Moreover, wind and solar generation are beginning to challenge coal on cost.

A 2018 study in Nature Energy, suggests that 10 countries in Europe could completely phase out coal-fired electricity generation with their current infrastructure, whilst the United States and Russia could phase out at least 30%.

In 2020, the Fossil Fuel Cuts Database provided the first global account of supply-side initiatives to constrain fossil fuel production. The latest update of the database recorded 1967 initiatives implemented between 1988 and October 2021 in 110 countries across seven major types of supply-side approaches (Divestment, n=1201; Blockades, n= 374; Litigation, n= 192; Moratoria and Bans, n= 146; Production subsidies removal, n=31; Carbon tax on fossil fuel production, n=16; Emissions Trading Schemes, n= 7).

The GeGaLo index of geopolitical gains and losses assesses how the geopolitical position of 156 countries may change if the world fully transitions to renewable energy resources. Former fossil fuel exporters are expected to lose power, while the positions of former fossil fuel importers and countries rich in renewable energy resources is expected to strengthen.

Multiple decarbonisation plans that get to zero CO2 emissions have been presented.

A Guardian investigation showed in 2022, that big fossil fuel firms continue to plan huge investments in new fossil fuel production projects that would drive the climate past internationally agreed temperature limits.

Renewable energy potentials

In June 2021 Dr Sven Teske and Dr Sarah Niklas from the Institute for Sustainable Futures, University of Technology Sydney found that "existing coal, oil and gas production puts the world on course to overshoot Paris climate targets." In co-operation with the Fossil Fuel Non-Proliferation Treaty Initiative they published a report entitled, Fossil Fuel Exit Strategy: An orderly wind down of coal, oil, and gas to meet the Paris Agreement. It analyses global renewable energy potential, and finds that "every region on Earth can replace fossil fuels with renewable energy to keep warming below 1.5°C and provide reliable energy access to all."

Assessment of extraction prevention responsibilities

In September 2021, the first scientific assessment of the minimum amount of fossil fuels that would need to be secured from extraction per region as well as globally, to allow for a 50% probability of limiting global warming by 2050 to 1.5 °C was provided.

Challenges of fossil fuel phase-out

Net income of the global oil and gas industry reached a record US$4 trillion in 2022.
After recovering from the COVID-19 pandemic, energy company profits increased with greater revenues from higher fuel prices resulting from the Russian invasion of Ukraine, falling debt levels, tax write-downs of projects shut down in Russia, and backing off from earlier plans to reduce greenhouse gas emissions. Record profits sparked public calls for windfall taxes.

The phase-out of fossil fuels involves many challenges, and one of them is the reliance that the world currently has on them. In 2014, fossil fuels provided over 80% of the primary energy consumption of the world.

Fossil fuel phase-out may lead to an increment in electricity prices, because of the new investments needed to replace their share in the electricity mix with alternative energy sources.

Another impact of a phase-out of fossil fuels is in employment. In the case of employment in the fossil fuel industry, a phase-out is logically undesired, therefore, people employed in the industry will usually oppose any measures that put their industries under scrutiny. Endre Tvinnereim and Elisabeth Ivarsflaten studied the relationship between employment in the fossil fuel industry with the support to climate change policies. They proposed that one opportunity for displaced drilling employments in the fossil fuel industry could be in the geothermal energy industry. This was suggested as a result of their conclusion: people and companies in the fossil fuel industry will likely oppose measures that endanger their employment, unless they have other stronger alternatives. This can be extrapolated to political interests, that can push against the phase-out of fossil fuels initiative. One example is how the vote of United States Congress members is related to the preeminence of fossil fuel industries in their respective states.

Other challenges include ensuring sustainable recycling, sourcing of the required materials, disruptions of existing power structures, managing variable renewable energy, developing optimal national transition policies, transforming transportation infrastructure and responsibilities of fossil fuel extraction prevention. There is active research and development on such issues.

According to the people present at COP27 in Egypt, Saudi Arabian representatives pushed to block a call for the world to burn less oil. After objections from Saudi Arabia and a few other oil producers, summit's final statement failed to include a call for nations to phase out fossil fuels. In March 2022, at a United Nations meeting with climate scientists, Saudi Arabia, together with Russia, pushed to delete a reference to "human-induced climate change" from an official document, disputing the scientifically established fact that the burning of fossil fuels by humans is the main driver of the climate crisis.

Major initiatives and legislation to phase out fossil fuels

China

China has pledged to become carbon neutral by 2060, which would need a just transition for over 3 million workers in the coal-mining and power industry. It is not yet clear whether China aims to phase-out all fossil fuel use by that date or whether a small proportion will still be in use with the carbon captured and stored. In 2021, coal mining was ordered to run at maximum capacity.

EU

At the end of 2019, the European Union launched its European Green Deal. It included:

It also leans on Horizon Europe, to play a pivotal role in leveraging national public and private investments. Through partnerships with industry and member States, it will support research and innovation on transport technologies, including batteries, clean hydrogen, low-carbon steel making, circular bio-based sectors and the built environment.

The European Investment Bank contributed over €81 billion to help the energy industry between 2017 and 2022, in line with EU energy policy. This comprised nearly €76 billion for initiatives related to power grids, energy efficiency, and renewable energy throughout Europe and other parts of the world.

India

India is confident of exceeding Paris COP commitments. In the Paris Agreement, India has committed to an Intended Nationally Determined Contributions target of achieving 40% of its total electricity generation from non-fossil fuel sources by 2030.

Japan

Japan has pledged to become carbon neutral by 2050.

United Kingdom

The UK is legally committed to be carbon neutral by 2050, and moving away from the heating of homes by natural gas is likely to be the most difficult part of the country's fossil fuel phase out. Alternative green recovery legislative plans have been proposed by multiple groups to phase out fossil fuels as fast as technology allows.

Legislation and initiatives to phase out coal

Phase-out of fossil fuel power plants

Bloomberg NEF reported that in 2022, global energy transition investment equaled fossil fuels investment for the first time.
In 2020, renewables overtook fossil fuels as the European Union's main source of electricity for the first time.

Alternative energy refers to any source of energy that can substitute the role of fossil fuels. Renewable energy, or energy that is harnessed from renewable sources, is an alternative energy. However, alternative energy can refer to non-renewable sources as well, like nuclear energy. Between the alternative sources of energy are: solar energy, hydroelectricity, marine energy, wind energy, geothermal energy, biofuels, ethanol and hydrogen.

Energy efficiency is complementary to the use of alternative energy sources, when phasing-out fossil fuels.

Renewable energy

Renewable energy is energy from renewable resources that are naturally replenished on a human timescale. Renewable resources include sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy is often used for electricity generation, heating and cooling. Renewable energy projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development.

Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. From 2011 to 2021, renewable energy grew from 20% to 28% of global electricity supply. Use of fossil energy shrank from 68% to 62%, and nuclear from 12% to 10%. The share of hydropower decreased from 16% to 15% while power from sun and wind increased from 2% to 10%. Biomass and geothermal energy grew from 2% to 3%. There are 3,146 gigawatts installed in 135 countries, while 156 countries have laws regulating the renewable energy sector. In 2021, China accounted for almost half of the global increase in renewable electricity.

Globally there are over 10 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer. Renewable energy systems are rapidly becoming more efficient and cheaper and their share of total energy consumption is increasing, with a large majority of worldwide newly installed electricity capacity being renewable. In most countries, photovoltaic solar or onshore wind are the cheapest new-build electricity.

Many nations around the world already have renewable energy contributing more than 20% of their total energy supply, with some generating over half their electricity from renewables. A few countries generate all their electricity using renewable energy. National renewable energy markets are projected to continue to grow strongly in the 2020s and beyond. According to the IEA, to achieve net zero emissions by 2050, 90% of global electricity generation will need to be produced from renewable sources. Some studies have shown that a global transition to 100% renewable energy across all sectors – power, heat, transport and industry – is feasible and economically viable.

Renewable energy resources exist over wide geographical areas, in contrast to fossil fuels, which are concentrated in a limited number of countries. Deployment of renewable energy and energy efficiency technologies is resulting in significant energy security, climate change mitigation, and economic benefits. However renewables are being hindered by hundreds of billions of dollars of fossil fuel subsidies. In international public opinion surveys there is strong support for renewables such as solar power and wind power. In 2022 the International Energy Agency asked countries to solve policy, regulatory, permitting and financing obstacles to adding more renewables, to have a better chance of reaching net zero carbon emissions by 2050.

Hydroelectricity

Chief Joseph Dam near Bridgeport, Washington, US, is a major run-of-the-river station without a sizeable reservoir.

In 2015, hydroelectric energy generated 16.6% of the world's total electricity and 70% of all renewable electricity. In Europe and North America environmental concerns around land flooded by large reservoirs ended 30 years of dam construction in the 1990s. Since then large dams and reservoirs continue to be built in countries like China, Brazil and India. Run-of-the-river hydroelectricity and small hydro have become popular alternatives to conventional dams that may create reservoirs in environmentally sensitive areas.

Wind power

Wind power is the use of wind energy to generate useful work. Historically, wind power was used by sails, windmills and windpumps, but today it is mostly used to generate electricity. This article deals only with wind power for electricity generation. Today, wind power is generated almost completely with wind turbines, generally grouped into wind farms and connected to the electrical grid.

In 2022, wind supplied over 2000 TWh of electricity, which was over 7% of world electricity and about 2% of world energy. With about 100 GW added during 2021, mostly in China and the United States, global installed wind power capacity exceeded 800 GW. To help meet the Paris Agreement goals to limit climate change, analysts say it should expand much faster - by over 1% of electricity generation per year.

Wind power is considered a sustainable, renewable energy source, and has a much smaller impact on the environment compared to burning fossil fuels. Wind power is variable, so it needs energy storage or other dispatchable generation energy sources to attain a reliable supply of electricity. Land-based (onshore) wind farms have a greater visual impact on the landscape than most other power stations per energy produced. Wind farms sited offshore have less visual impact and have higher capacity factors, although they are generally more expensive. Offshore wind power currently has a share of about 10% of new installations.

Wind power is one of the lowest-cost electricity sources per unit of energy produced. In many locations, new onshore wind farms are cheaper than new coal or gas plants.

Regions in the higher northern and southern latitudes have the highest potential for wind power. In most regions, wind power generation is higher in nighttime, and in winter when solar power output is low. For this reason, combinations of wind and solar power are suitable in many countries.

Solar

In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum. By 2020 the solar contribution to global final energy consumption is expected to exceed 1%.

Solar photovoltaics

The 71.8 MW Lieberose Photovoltaic Park in Germany

Solar photovoltaic cells convert sunlight into electricity and many solar photovoltaic power stations have been built. The size of these stations has increased progressively over the last decade with frequent new capacity records. Many of these plants are integrated with agriculture and some use innovative tracking systems that follow the sun's daily path across the sky to generate more electricity than conventional fixed-mounted systems. Solar power plants have no fuel costs or emissions during operation.

Concentrated solar power

The 150 MW Andasol solar power station is a commercial parabolic trough solar thermal power plant, located in Spain. The Andasol plant uses tanks of molten salt to store solar energy so that it can continue generating electricity even when the sun isn't shining.

Concentrating Solar Power (CSP) systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. The concentrated heat is then used as a heat source for a conventional power plant. A wide range of concentrating technologies exists; the most developed are the parabolic trough, the Compact linear Fresnel reflector, the Stirling dish and the solar power tower. Various techniques are used to track the Sun and focus light. In all of these systems a working fluid is heated by the concentrated sunlight, and is then used for power generation or energy storage.

Nuclear energy

The 2014 Intergovernmental Panel on Climate Change (IPCC) report identifies nuclear energy as one of the technologies that can provide electricity with less than 5% of the lifecycle greenhouse gas emissions of coal power. There are more than 60 nuclear reactors shown as under construction in the list of Nuclear power by country with China leading at 23. Globally, more nuclear power reactors have closed than opened in recent years but overall capacity has increased. China has stated its plans to double nuclear generation by 2030. India also plans to greatly increase its nuclear power. The Manhattan 2 Project has presented a report that describes how to significantly increase nuclear power via factory automation.

Several countries have enacted laws to cease construction on new nuclear power stations. Several European countries have debated nuclear phase-outs and others have completely shut down some reactors. Three nuclear accidents have influenced the slowdown of nuclear power: the 1979 Three Mile Island accident in the United States, the 1986 Chernobyl disaster in the USSR, and the 2011 Fukushima nuclear disaster in Japan. Following the March 2011 Fukushima nuclear disaster, Germany has permanently shut down eight of its 17 reactors and pledged to close the rest by the end of 2022. Italy voted overwhelmingly to keep their country non-nuclear. Switzerland and Spain have banned the construction of new reactors. Japan's prime minister has called for a dramatic reduction in Japan's reliance on nuclear power. Taiwan's president did the same. Shinzō Abe, prime minister of Japan since December 2012, announced a plan to restart some of the 54 Japanese nuclear power plants and to continue some nuclear reactors under construction.

As of 2016, countries such as Australia, Austria, Denmark, Greece, Malaysia, New Zealand and Norway have no nuclear power stations and remain opposed to nuclear power. Germany, Italy, Spain and Switzerland are phasing-out their nuclear power. Despite this, most pathways for spurring a fossil fuel phase-out that keeps pace with global electricity demands include the expansion of nuclear power, according to the IPCC. Likewise, the United Nations Economic Commission for Europe has stated that global climate objectives would likely not be met without nuclear expansion.

Cost overruns, construction delays, the threat of catastrophic accidents, and regulatory hurdles often make nuclear power plant expansion practically infeasible. Some companies and organisations have proposed plans aimed at mitigating the cost, duration, and risk of nuclear power plant construction. NuScale Power, for example, has received regulatory approval from the Nuclear Regulatory Commission for a light-water reactor that would theoretically limit the risk of accidents and could be manufactured for less than traditional nuclear plants. The Energy Impact Center's OPEN100, a platform that provides open-source blueprints for the construction of a nuclear plant with a 100-megawatt pressurised water reactor, claims that its model could be built in as little as two years for $300 million. In both plans, the ability to mass manufacture small modular reactors would theoretically cut down on construction time.

Biomass

Biomass is biological material from living, or recently living organisms, most often referring to plants or plant-derived materials. As a renewable energy source, biomass can either be used directly, or indirectly – once or converted into another type of energy product such as biofuel. Biomass can be converted to energy in three ways: thermal conversion, chemical conversion, and biochemical conversion.

Using biomass as a fuel produces air pollution in the form of carbon monoxide, carbon dioxide, NOx (nitrogen oxides), VOCs (volatile organic compounds), particulates and other pollutants at levels above those from traditional fuel sources such as coal or natural gas in some cases (such as with indoor heating and cooking). Use of wood biomass as a fuel can also produce fewer particulate and other pollutants than open burning as seen in wildfires or direct heat applications. Black carbon – a pollutant created by combustion of fossil fuels, biofuels, and biomass – is possibly the second largest contributor to global warming. In 2009 a Swedish study of the giant brown haze that periodically covers large areas in South Asia determined that it had been principally produced by biomass burning, and to a lesser extent by fossil fuel burning. Denmark has increased the use of biomass and garbage, and decreased the use of coal.

Phase-out of fossil fuel vehicles

Sales of electric vehicles (EVs) indicate a trend away from gas-powered vehicles that generate greenhouse gases.

Many countries and cities have introduced bans on the sales of new internal combustion engine vehicles, requiring all new cars to be electric vehicles or otherwise powered by clean, non-emitting sources. Such bans include the United Kingdom by 2035 and Norway by 2025. Many transit authorities are working to purchase only electric buses while also restricting use of ICE vehicles in the city center to limit air pollution. Many US states have a zero-emissions vehicle mandate, incrementally requiring a certain per cent of cars sold to be electric. The German term de: Verkehrswende ("traffic transition" analogous to "Energiewende", energetic transition) calls for a shift from combustion powered road transport to bicycles, walking and rail transport and the replacement of remaining road vehicles with electric traction.

Biofuels

Biofuels, in the form of liquid fuels derived from plant materials, are entering the market. However, many of the biofuels that are currently being supplied have been criticised for their adverse impacts on the natural environment, food security, and land use.

Opinion

Those corporations that continue to invest in new fossil fuel exploration, new fossil fuel exploitation, are really in flagrant breach of their fiduciary duty because the science is abundantly clear that this is something we can no longer do.

Protest at the Legislative Building in Olympia, Washington. Ted Nation, a long-time environmental activist beside protest sign.

Polls

In 2023, Pew commissioned a poll that estimated 31% of Americans were ready to phase out the use of oil, coal and natural gas completely, 32% wanted to phase out fossil fuel eventually and 35% said they never want fossil fuel to be phased out.

Prominent individuals supporting a coal moratorium

If you're a young person looking at the future of this planet and looking at what is being done right now, and not done, I believe we have reached the stage where it is time for civil disobedience to prevent the construction of new coal plants that do not have carbon capture and sequestration.

Prominent individuals supporting a coal phase-out

  • Eric Schmidt, then CEO of Google, called for replacing all fossil fuels with renewable sources of energy in twenty years.

Mitigation of peak oil

The standard Hubbert curve, plotting crude oil production of a region over time.
World energy consumption, 1970–2025. Source: International Energy Outlook 2004.

The mitigation of peak oil is the attempt to delay the date and minimize the social and economic effects of peak oil by reducing the consumption of and reliance on petroleum. By reducing petroleum consumption, mitigation efforts seek to favorably change the shape of the Hubbert curve, which is the graph of real oil production over time predicted by Hubbert peak theory. The peak of this curve is known as peak oil, and by changing the shape of the curve, the timing of the peak in oil production is affected. An analysis by the author of the Hirsch report showed that while the shape of the oil production curve can be affected by mitigation efforts, mitigation efforts are also affected by the shape of Hubbert curve.

For the most part, mitigation involves fuel conservation, and the use of alternative and renewable energy sources. The development of unconventional oil resources can extend the supply of petroleum, but does not reduce consumption.

Historically, world oil consumption data show that mitigation efforts during the 1973 and 1979 oil shocks lowered oil consumption, while general recessions since the 1970s have had no effect on curbing the oil consumption until 2007. In the United States, oil consumption declines in reaction to high prices.

Key questions for mitigation are the viability of methods, the roles of government and private sector and how early these solutions are implemented. The responses to such questions and steps taken towards mitigation may determine whether or not the lifestyle of a society can be maintained, and may affect the population capacity of the planet.

Alternative energy

The most effective method of mitigating peak oil is to use renewable or alternative energy sources in place of petroleum.

Transportation fuel use

Because most oil is consumed for transportation most mitigation discussions revolve around transportation issues.

Fuel substitution

While there is some interchangeability, the alternative energy sources available tend to depend on whether the fuel is being used in static or mobile applications.

Biofuel
A sample of biodiesel

Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels, such as oil. Biofuel can be produced from plants or from agricultural, domestic or industrial biowaste. Biofuels are mostly used for transportation, but can also be used for heating and electricity. Biofuels (and bioenergy in general) are regarded as a renewable energy source. However, the use of biofuel has been controversial because of the several disadvantages associated with the use of it. These include for example (and this varies on a case by case basis): the "food vs fuel" debate, biofuel production methods being sustainable or not, leading to deforestation and loss of biodiversity or not.

In general, biofuels emit fewer greenhouse gas emissions when burned in an engine and are generally considered carbon-neutral fuels as the carbon emitted has been captured from the atmosphere by the crops used in production. However, life-cycle assessments of biofuels have shown large emissions associated with the potential land-use change required to produce additional biofuel feedstocks. Estimates about the climate impact from biofuels vary widely based on the methodology and exact situation examined. Therefore, the climate change mitigation potential of biofuel varies considerably: in some scenarios emission levels are comparable to fossil fuels, and in other scenarios the biofuel emissions result in negative emissions.

The two most common types of biofuel are bioethanol and biodiesel. Brazil is the largest producer of bioethanol, while the EU is the largest producer of biodiesel. The energy content in the global production of bioethanol and biodiesel is 2.2 and 1.8 EJ per year, respectively. Demand for aviation biofuel is forecast to increase.

Bioethanol is an alcohol made by fermentation, mostly from carbohydrates produced in sugar or starch crops such as maize, sugarcane, or sweet sorghum. Cellulosic biomass, derived from non-food sources, such as trees and grasses, is also being developed as a feedstock for ethanol production. Ethanol can be used as a fuel for vehicles in its pure form (E100), but it is usually used as a gasoline additive to increase octane ratings and improve vehicle emissions.

Biodiesel is produced from oils or fats using transesterification. It can be used as a fuel for vehicles in its pure form (B100), but it is usually used as a diesel additive to reduce levels of particulates, carbon monoxide, and hydrocarbons from diesel-powered vehicles.
Static installations

Although oil and diesel still generates a small share of global electricity, some Middle East oil producing countries are replacing that with solar power, as it is more profitable to export the oil.

Mobile applications

Due to its high energy density and ease of handling, oil has a unique role as a transportation fuel. There are, however, a number of possible alternatives. Among the biofuels the use of bioethanol and biodiesel is already established to some extent in some countries.

The use of hydrogen fuel is another alternative under development in various countries, alongside, hydrogen vehicles though hydrogen is actually an energy storage medium, not a primary energy source, and consequently the use of a non-petroleum source would be required to extract the hydrogen for use. Though hydrogen is currently outperformed in terms of cost and efficiency by battery powered vehicles, there are applications where it would come in useful. Short haul ferries and very cold climates are two examples. Hydrogen fuel cells are about a third as efficient as batteries and double the efficiency of petrol vehicles.

Electric vehicles powered by batteries are another alternative, and these have the advantage of having the highest well-to-wheels efficiency rate of any energy pathway and thus would allow much greater numbers of vehicles than any other methods. In addition, even if the electricity was sourced from coal-fired power plants, two advantages would remain: first it is cheaper to sequester carbon from a few thousand smokestacks than it is to retrofit hundreds of millions of vehicles, and second encouraging the use of electric vehicles allows a further pathway for scaling up of renewable energy sources.

Alternative aviation fuel

The Airbus A380 flew on alternative fuel for the first time on 1 February 2008. Boeing also plans to use alternative fuel on the 747. Because some biofuels such as ethanol contains less energy, more "tankstops" might be necessary for such planes.

The US Air Force is currently in the process of certifying its entire fleet to run on a 50/50 blend of synthetic fuel derived from the Fischer–Tropsch process and JP-8 jet fuel.

Conservation

When alternative fuels are not available, the development of more energy efficient vehicles becomes an important mitigant. Some ways of decreasing the oil used in transportation include increasing the use of bicycles, public transport, carpooling, electric vehicles, and diesel and hybrid vehicles with higher fuel efficiency.

More comprehensive mitigations include better land use planning through smart growth to reduce the need for private transportation, increased capacity and use of mass transit, vanpooling and carpooling, bus rapid transit, remote work, and human-powered transport from current levels. Rationing and driving bans are also forms of reducing private transportation. The higher oil prices of 2007 and 2008 caused United States drivers to begin driving less in 2007 and to a much greater extent in the first three months of 2008.

In order to deal with potential problems from peak oil, Colin Campbell has proposed the Rimini protocol, a plan which among other things would require countries to balance oil consumption with their current production.

Net zero emissions

From Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Net_zero_emissions
Estimated global warming by 2100 associated with various scenarios: Green dots: The International Energy Agency's proposal for reducing energy-related emissions to net zero by 2050 is consistent with limiting global warming to 1.5°C. Blue dots: Net-zero pledges and other pledges to reduce emissions would limit temperature rise to around 1.7°C. Yellow dots: Since many climate pledges are not backed by policies, policies announced as of 2022 would limit temperature rise to around 2.5°C. Red dots: Before the 2015 Paris Agreement, the world was on a trajectory for global warming of 3.5°C.

Global net zero emissions describes the state where emissions of carbon dioxide due to human activities and removals of these gases are in balance over a given period. It is often called simply net zero. In some cases, "emissions" refers to emissions of all greenhouse gases, and in others it refers only to emissions of carbon dioxide (CO2).

To reach net zero targets requires actions to reduce emissions. One example would be by shifting from fossil fuel energy to sustainable energy sources. Organizations often offset their residual emissions by buying carbon credits. People often switch between the terms net zero emissions, carbon neutrality, and climate neutrality with the same meaning. However in some cases, these terms have different meanings from each other. Some standards for carbon neutral certification allow heavy carbon offsetting, however net zero standards require reducing emissions to >90% and then only offsetting the remaining <10% to fall in line with 1.5°C targets.

In the last few years, net zero has become the main framework for climate ambition. Both countries and organizations are setting net zero targets. Today more than 140 countries have a net zero emissions target. They include some countries that were resistant to climate action in previous decades. Country-level net zero targets now cover 92% of global GDP, 88% of emissions and 89% of the world population. 65% of the largest 2,000 publicly traded companies by annual revenue have net zero targets. Among Fortune 500 companies the percentage is 63%. Company targets can result from both voluntary action and government regulation.

Net zero claims vary enormously in how credible they are. Most have low credibility. This is despite the increasing number of commitments and targets. While 61% of global carbon dioxide emissions are covered by some sort of net zero target, credible targets cover only 7% of emissions. This low credibility reflects a lack of binding regulation. It is also due to the need for continued innovation and investment to make decarbonization possible.

To date, 27 countries have enacted domestic net zero legislation. These are laws that legislatures have passed which contain net zero targets or equivalent. There is currently no national regulation in place that legally requires companies based in that country to achieve net zero. Several countries including Switzerland are developing such legislation.

History and scientific justification

The idea of net zero came out of research in the late 2000s into how the atmosphere, oceans and carbon cycle were reacting to CO2 emissions. This research found that global warming will only stop if CO2 emissions are reduced to net zero. Net zero was basic to the goals of the Paris Agreement. This stated that we must "achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century". The term "net zero" gained popularity after the Intergovernmental Panel on Climate Change published its Special Report on Global Warming of 1.5 °C (SR15) in 2018, this report stated that "Reaching and sustaining net zero global anthropogenic [human-caused] CO2 emissions and declining net non-CO2 radiative forcing would halt anthropogenic global warming on multi-decadal timescales (high confidence)."

The idea of net zero emissions is often confused with "stabilization of greenhouse gas concentrations in the atmosphere". This is a term that dates from the 1992 Rio Convention. The two concepts are not the same. This is because the carbon cycle continuously sequesters or absorbs a small percentage of cumulative historical human-caused CO2 emissions into vegetation and the ocean. This happens even after current CO2 emissions are reduced to zero. If the concentration of CO2 in the atmosphere were kept constant, some CO2 emissions could continue. However global average surface temperatures would continue to increase for many centuries due to the gradual adjustment of deep ocean temperatures. If CO2 emissions that result directly from human activities are reduced to net zero, the concentration of CO2 in the atmosphere would decline. This would be at a rate just fast enough to compensate for this deep ocean adjustment. The result would be approximately constant global average surface temperatures over decades or centuries.

It will be quicker to reach net-zero emissions for CO2 alone rather than CO2 plus other greenhouse gases like methane, nitrous oxide and fluorinated gases. The net-zero target date for non-CO2 emissions is later partly because modellers assume that some of these emissions such as methane from farming are harder to phase out. Emissions of short-lived gases such as methane do not accumulate in the climate system in the same way that CO2 does. Therefore there is no need to reduce them to zero to halt global warming. This is because reductions in emissions of short-lived gases cause an immediate decline in the resulting radiative forcing. Radiative forcing is the change in the Earth's energy balance that they cause. However, these potent but short-lived gases will drive temperatures higher in the short term. This could possibly push the rise in temperature past the 1.5 °C threshold much earlier. A comprehensive net-zero emissions target would include all greenhouse gases. This would ensure that we also urgently reduce non-CO2 gases.

Terminology

Countries, local governments, corporations, and financial institutions may all announce pledges for achieving to reach net zero emissions.

In climate change discussions, the terms net zero, carbon neutrality, and climate neutrality are often used as if they mean the same thing. In some contexts, however, they have different meanings from each other. The sections below explain this. People often use these terms without rigorous standard definitions.

Implementation

Since 2015, there has been significant growth in the number of actors pledging net zero emissions. Many standards have emerged that interpret the net zero concept and aim to measure progress towards net zero targets. Some of these standards are more robust than others. Some people have criticized weak standards for facilitating greenwashing. The UN, UNFCCC, International Organization for Standardization (ISO), and the Science Based Targets initiative (SBTi) promote more robust standards.

Types of greenhouse gas

Some targets aim to reach net zero emissions only for carbon dioxide. Others aim to reach net zero emissions of all greenhouse gases. Robust net zero standards state that all greenhouse gases should be covered by a given actor's targets.

Some authors say that carbon neutrality strategies focus only on carbon dioxide, but net zero includes all greenhouse gases. However some publications, such as the national strategy of France, use the term "carbon neutral" to mean net reductions of all greenhouse gases. The United States has pledged to achieve "net zero" emissions by 2050. As of March 2021 it had not specified which greenhouse gases will be included in its target.

Scopes of emissions sources

The Greenhouse Gas Protocol is a group of standards that are the most common in GHG accounting. These standards reflect a number of accounting principles. They include relevance, completeness, consistency, transparency, and accuracy. The standards divide emissions into three scopes:

  • Scope 1 covers all direct GHG emissions within a corporate boundary (owned or controlled by a company). It includes fuel burned by the company, use of company vehicles, and fugitive emissions.
  • Scope 2 covers indirect GHG emissions from consumption of purchased electricity, heat, cooling or steam. As of 2010, at least one third of global GHG emissions are Scope 2.
  • Scope 3 emission sources include emissions from suppliers and product users (also known as the "value chain"). Transportation of goods, and other indirect emissions are also part of this scope. Scope 3 emissions these were estimated to represent 75% of all emissions reported to the Carbon Disclosure Project, though that percentage varies widely amongst business sectors.

Corporate net zero targets vary in how widely they cover emissions related to the company's activities. This can greatly affect the volume of emissions that are counted. Some oil companies, for instance, claim that their operations (Scopes 1 and 2) produce net zero emissions. These claims do not cover the emissions produced when the oil is burned by its customers, which are 70 - 90% of oil-related emissions. This is because they count as Scope 3 emissions.

Robust net zero standards require Scope 3 emissions to be counted, but "carbon neutrality" standards do not.

Approaches

The terms 'carbon neutral' and 'net zero' are often used interchangeably by politicians, businesses and scientists. Some experts use the terms differently, as illustrated by this graphic.

A given actor may plan to achieve net zero emissions through a combination of approaches. These would include (1) actions to reduce their own emissions, (2) actions to directly remove carbon dioxide from the atmosphere, and (3) purchasing carbon credits.

Reducing emissions

Robust net zero standards require actors to reduce their own emissions as much as possible following science-based pathways. They must then balance their residual emissions using removals and offsets. This typically involves shifting from fossil fuels to sustainable energy sources. Residual emissions are emissions that are not practical to reduce for technological reasons.

Experts and net zero frameworks disagree over the exact percentage of residual emissions that may be allowed. Most guidance suggests this should be limited to a small fraction of total emissions. Sector-specific and geographical factors would determine how much. The Science Based Targets initiative says that residual emissions across most sectors should fall between 5-10% of an organization's baseline emissions. It should be even lower for some sectors with competitive alternatives like the power sector. Sectors such as heavy manufacturing where it is harder to mitigate emissions will probably have a higher percentage of residual emissions by 2050.

The ISO and British Standards Institution (BSI) publish "carbon neutrality" standards that have higher tolerance for residual emissions than "net zero" standards. For example, BSI PAS 2060 is a British standard for measuring carbon neutrality. According to these standards, carbon neutrality is a short-term target, and net zero is a longer-term target.

Carbon removals and offsets

To balance residual emissions, actors may take direct action to remove carbon dioxide from the atmosphere and sequester it. Alternatively or in addition they can buy carbon credits that "offset" emissions. Carbon credits can be used to fund carbon removal projects such as reforestation.

Strong standards such as the ISO and BSI "net zero" standards only allow removal-based offsets that have the same permanence as the greenhouse gases that they balance. We call this concept "like for like" removals. Permanence means that removals must store greenhouse gases for the same period as the lifetime of the GHG emissions they balance. For example, methane has a lifetime of around 12 years in the atmosphere. Carbon dioxide lasts between 300 and 1,000 years. Accordingly, removals that balance carbon dioxide must last much longer than removals that balance methane.

Carbon credits can also fund initiatives that aim to avoid emissions. One example would be energy efficiency retrofits or renewable energy projects. Avoided emissions offsets result from actions that reduce emissions relative to a baseline or status quo. But they do not remove emissions from the atmosphere. Weak standards such as ISO and BSI "carbon neutrality" standards allow organizations to use avoided-emissions carbon credits. They do not specify how permanent or durable a credit must be.

Carbon offsetting has been critizied on several fronts. One important concern is that offsets may delay active emissions reductions. In a 2007 report from the Transnational Institute, Kevin Smith likened carbon offsets to medieval indulgences. He said they allowed people to pay "offset companies to absolve them of their carbon sins." He said this permits a "business as usual" attitude that stifles required major changes. Many people have criticized offsets for playing a part in greenwashing. This argument appeared in a 2021 watchdog ruling against Shell.

Loose regulation of claims by carbon offsetting schemes combined with the difficulties in calculating greenhouse gas sequestration and emissions reductions has also given rise to criticism. This argument is that this can result in schemes that do not adequately offset emissions in reality. There have been moves to create better regulation. The United Nations has operated a certification process for carbon offsets since 2001. This is called the Clean Development Mechanism. It aims to stimulate "sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction limitation targets." The UK Government's Climate Change Committee says reported emissions reductions or removals may have happened anyway or. not last into the future. This is despite an improvement in standards globally and in the UK.

There has also been criticisms of non-native and monocultural forest plantations as carbon offsets. This is because of their "limited—and at times negative—effects on native biodiversity" and other ecosystem services.

Most of the carbon credits on the voluntary market today do not meet UN, UNFCCC, ISO or SBTi standards for permanent carbon dioxide removals. So significant investment in carbon capture and permanent geological storage will probably be necessary to achieve net-zero targets by mid-century.

Timeframe

To achieve net zero, actors are encouraged to set net zero targets for 2050 or earlier. Long-term net zero targets should be supplemented by interim targets for every one to five years. The UN, UNFCCC, ISO, and SBTi all say that organizations should prioritize early, front-loaded emissions reduction. They say they should aim to halve emissions by 2030. Specific emissions reduction targets and pathways may look different for different sectors. Some may be able to decarbonize more quickly and easily than others.

Many companies often claim a commitment to reach net zero emissions by the year 2050. These promises are often made at the corporate level. Both governments and international agencies encourage businesses to contribute to a national, or international, net zero pledge. The International Energy Agency says that global investment in low carbon substitutes for fossil fuels needs to reach US$4 trillion annually by 2030 for the world to get to net zero by 2050.

Some groups have raised concerns that net zero cannot be achieved worldwide by 2050.

Comprehensive accounting

The guidance from standards institutions says that organizations should choose a base year to measure emissions reductions against. This should be representative of their typical greenhouse gas profile. They should explain the choice of baseline and how they will account for changes in conditions since the baseline. Financial organizations should also include emissions within their portfolio. This should include all organizations they have financed, invested in, or insured. Countries and regions should include both territorial emissions released within their boundaries and consumption emissions related to products and services imported and consumed within their boundaries.

Cities and countries pose a challenge when it comes to calculating emissions. This is because the production of products and services within their boundaries might be linked to either internal consumption or exports. At the same time the population also consumes imported products and services. So it is important to state explicitly whether emissions are counted at the location of production or consumption. This helps to prevent double counting. The lengthy manufacturing chains of a globalised market might make this challenging. There are additional challenges with looking at renewable energy systems and electric vehicle batteries. This is because the necessary embodied energy and other effects of raw material extraction are often significant when measuring life-cycle emissions. However the local emissions at the place they are used may be small.

Equity and impact

The concept of net zero has attracted criticism for the impact it could have on equity and distribution. The use of removals or carbon credits for offsetting has been particularly controversial. This is because of the possibility that offset projects themselves could have harmful effects. The ISO Net Zero Guidelines say that net zero strategies should align with the United Nations Sustainable Development Goals.This is in order to "support equity and global transition to a net zero economy, and any subsequent UN global goals which supersede the 2030 SDGs." The UNFCCC's Race to Zero campaign says emissions reductions and removals should "safeguard the rights of the most vulnerable people and communities". It says that organizations should disclose how they will support communities affected by climate impacts and climate transition.

Alignment with the global net zero goal

The United Nations High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities has made several recommendations for non-state actors. Non-state actors include cities, regional governments, financial institutions, and corporations. One of these is not financing new fossil fuel development. Another is supporting strong climate policy. And another is ensuring that business activities and investments do not contribute to deforestation.

Country examples

A number of countries have net zero, or even net negative carbon emissions. These generally have a high level of forestation.

For example, Costa Rica sources much of its energy needs from renewables and is undertaking reforestation projects. In 2007, the Costa Rican government announced the commitment for Costa Rica to become the first carbon neutral country by 2021. Costa Rica would be, according to its leaders, the first country in the world to have launched in 2019 a comprehensive decarbonization plan (zero carbon emissions by 2050).

Standards for products

Leading standards and guidance allow official accreditation bodies to certify products as carbon neutral but not as net zero. The rationale behind this is that until organizations and their supply chains are on track for net zero, allowing a product to claim to be net zero at this point would be disingenuous and lead to greenwashing.

Credibility

Status of net-zero carbon emissions targets as of October, 2023 . The inclusion criteria for net-zero commitments may vary from country to country.

More and more nations and private and public-sector organizations are committing to net zero. But the credibility of these claims remains low. There is no binding regulation requiring a transition to net zero. So the overwhelming majority of net zero commitments have been made on a voluntary basis. The lack of an enforcement mechanism surrounding these claims means that many are dubious. In many sectors such as steel, cement, and chemicals, the pathway to reaching net zero in terms of technology remains unclear. Further investment in research and innovation and further regulation will probably be necessary if net zero claims are to become more credible.

A consortium of climate scientists has tracked net zero commitments. Their research found that net pledges drafted in law or policy documentation have grown from 7% of countries in 2020 to 75% in 2023. However, very few have met the minimum requirements for a "decent pledge". The UN Race to Zero campaign calls them "starting line criteria". This states that they must have a "plan and published evidence of action taken towards reaching the target" besides a stated pledge.

The role of carbon credits

One of the main reasons for the low credibility of many net zero claims is their heavy reliance on carbon credits. Carbon credits are often used for offsetting. They reduce or remove emissions of carbon dioxide or other greenhouse gases in order to compensate for emissions made elsewhere. Many fossil fuel companies have made commitments to be net zero by 2050. At the same time they continue to increase greenhouse gas emissions by extracting and producing fossil fuels. They claim that they will use carbon credits and carbon capture technology in order to continue extracting and burning fossil fuels. The UN has condemned such pledges as dangerous examples of greenwashing.

Criticism

Climate scientists James Dyke, Bob Watson, and Wolfgang Knorr argue that the concept of net zero has been harmful for emissions reductions. This is because it allows actors to defer present-day emissions reductions by relying on future, unproved technological fixes. Examples are carbon offsetting, carbon dioxide removal and geoengineering. "The problems come when it is assumed that these [technological fixes] can be deployed at vast scale. This effectively serves as a blank cheque for the continued burning of fossil fuels and the acceleration of habitat destruction," they said. By tracing the history of previous failures in climate policy at reducing emissions from 1988 to 2021, they said they "[arrive] at the painful realisation that the idea of net zero has licensed a recklessly cavalier 'burn now, pay later' approach which has seen carbon emissions continue to soar". They concluded: "Current net zero policies will not keep warming to within 1.5 °C because they were never intended to. They were and still are driven by a need to protect business as usual, not the climate. If we want to keep people safe then large and sustained cuts to carbon emissions need to happen now. [...] The time for wishful thinking is over."

In March 2021, Tzeporah Berman, chair of the Fossil Fuel Non-Proliferation Treaty Initiative, argued that the Treaty would be a more genuine and realistic way to achieve the goals of the Paris Agreement than the net zeron approach. She described net zero as "delusional and based on bad science".

In his 2021 report, Dangerous Distractions, economist Marc Lee said that net zero had the potential to be a dangerous distraction that reduced political pressure to reduce emissions. "A net zero target means less incentive to get to 'real zero' emissions from fossil fuels, an escape hatch that perpetuates business as usual and delays more meaningful climate action," he said. "Rather than gambling on carbon removal technologies of the future, Canada should plan for a managed wind down of fossil fuel production and invest public resources in bona fide solutions like renewables and a just transition from fossil fuels," he said.

Human extinction

From Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/Human_ext...