Net zero future needs more, better, faster

Chief Europe Correspondent
Chart of energy-related CO2 emissions of different regions in 2050
Source: DNV Energy Transition Outlook 2022 • Emission calculations include the use of carbon capture and storage (CCS) and direct air capture (DAC) technologies.

If the world is to reach net-zero emissions by 2050, leading regions and sectors must get there much faster—and go even further.

That’s according to the Energy Transition Outlook 2022 released recently by Oslo-based consultancy DNV.

The outlook found North America, Europe and the Pacific region (Australia and New Zealand) must reach net zero by 2043 and net-negative emissions thereafter by using carbon capture and storage (CCS) and direct air capture (DAC) technologies.

Other regions also reduce emissions significantly, but they do not reach net zero by mid-century, reflecting their different starting points and capabilities, the report notes.

The analysis is part of the report’s “Pathway to net zero emissions” scenario, which highlights the trajectory the world would need to take to ensure the net-zero goal is met.