Net Zero by 2050 – Hurdles to a Distant Dream

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Net Zero by 2050 Hurdles to a Distant Dream
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ABOUT GLOBAL HEADWINDS
Global Headwinds aims to shed light on today's
evolving global political landscape, which
has transitioned from a unipolar world at the
turn of the century to one with multiple power
centres. This constantly shifting geopolitical
maze not only perplexes the global community but
also presents formidable challenges to students
and scholars of geopolitics. Global Headwinds aim
to unravel this geopolitical maze, shedding light
on the myriad factors shaping our world
today. Founded by Indranil Sarkar, a seasoned
expert in international relations and strategic
affairs, Global Headwinds fosters a culture of
insightful discourse and critical thinking.
Indranil's extensive experience ensures our
articles are not just informative but also
thought-provoking, aiming to empower readers with
nuanced perspectives.
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INTRODUCTION
The Net Zero concept is an initiative aimed at
mitigating further environmental damage by
rapidly reducing global greenhouse gas emissions.
This is achieved through a dual approach
transitioning to renewable energy sources and
leveraging Carbon Capture, Utilization, and
Storage (CCUS) technologies to prevent emitted
carbon from escaping into the atmosphere. Unlike
the more stringent Zero Carbon Emissions goal,
which requires absolute nil carbon emission, Net
Zero is considered more feasible and realistic by
experts. In the Net Zero scenario, emitted carbon
is captured and utilized, effectively balancing
out the emissions.
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Key Points on the Net Zero Concept

• Objective Net Zero aims to mitigate
  environmental damage by reducing global
  greenhouse gas emissions through renewable energy
  and Carbon Capture, Utilization, and Storage
  (CCUS).
• Feasibility Net Zero is seen as more realistic
  compared to Zero Carbon Emissions, allowing for
  some emissions that are balanced by capturing and
  utilizing carbon.
• Analogy The concept is akin to a balanced water
  basin, where emissions are offset to maintain a
  neutral carbon footprint.
• Paris Agreement Goals Achieve a 45 reduction in
  carbon emissions by 2030 and Net Zero by 2050 to
  limit global warming to 1.5C.
• Energy Transition Achieving Net Zero requires
  significant increases in renewable energy,
  nuclear power, and CCUS technologies.
• Challenges The transition demands technological
  transformation and faces politico-economic
  complexities, especially in third-world
  countries.

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Key Points on the Net Zero Concept

• Automobile Industry Impact The shift to electric
  vehicles (EVs) is underway, but challenges like
  high costs and limited battery range persist,
  especially in developing nations.
• Military Reliance on Oil Battery technology's
  limitations keep the military dependent on oil
  for high-performance engines.
• Cost of CCUS Integrating CCUS into energy
  production increases costs, raising concerns
  about affordability for third-world countries.
• Investment Needs Emerging economies need
  substantial investment, estimated at 2 trillion
  annually by 2030, with private sector involvement
  crucial.
• Fossil Fuel Resistance The fossil fuel
  industry's influence and geopolitical interests
  pose obstacles to achieving Net Zero.
• Global Cooperation Collective political will is
  essential to combat climate change and achieve a
  sustainable future.

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PARIS AGREEMENT
To combat climate change, the Paris Agreement
sets ambitious targets reducing carbon emissions
by 45 by 2030 and achieving Net Zero emissions
by 2050. Meeting these deadlines is crucial to
limiting global warming to 1.5 degrees Celsius.
According to Bloomberg data, experts have
outlined a roadmap to reach this goal, taking
into account the projected global energy demands
over the next 26 years. This requires a fourfold
increase in electricity production, with
renewable energy sources tripling, nuclear energy
doubling, and battery storage technologies
growing by a remarkable 100- fold. Additionally,
electricity generated from fossil fuels with
Carbon Capture, Utilization, and Storage (CCUS)
technologies must expand from scratch to over 200
Gigawatts.
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OTHER ANALYSES OF GLOBAL HEADWINDS
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CONTACTS
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Address info_at_globalheadwinds.com
Location Kolkata - W.B., India
700019 Website https//globalheadwinds.com/
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