Why Focus on Zero-Emission Technologies?
- Climate change is the single biggest health threat facing humanity. Climate impacts are already harming health, through air pollution, disease, extreme weather events, forced displacement, pressures on mental health, and increased hunger and poor nutrition in places where people cannot grow or find sufficient food.
- While climate change cannot be stopped, it can be slowed. To avoid the worst consequences of climate change, we’ll need to reach “net zero” carbon emissions by 2050 or sooner.
- The term ‘net zero’ refers to the target of reducing the greenhouse gas emissions that cause global warming to zero by balancing the amount released into the atmosphere with the amount removed and stored by carbon sinks. This is also described as ‘carbon neutrality’ or ‘climate neutrality’.
- Organizations need to focus on accelerated digitalization to help decarbonization and emissions reduction, and to drive innovation. The urgency of the global transition to a net-zero economy, focused on solutions that enable the reduction of greenhouse gas emissions, cannot be overstated.
• The Intergovernmental Panel on Climate Change (IPCC) stated in 2018 that the world needs to reach net zero by around 2050 if it is to meet the 2016 Paris Target Agreement of limiting global warming to 1.5°C. - Silk Road Partners endeavours to play an active role by facilitating the achievement of this target via investment advisory and development of strategic partnerships along the Silk Road.
Time for Action
Europe and the ROW have a huge backlog versus China. This will require drastic investment in innovation but also forging strategic partnerships and collaboration along the silk road…
Eu policies alone will not help us move forward. The business and investment community needs to take the lead in scaling and cross- border collaboration and motivate governments to support them.
The numbers at the end of the bars on the right indicate the total manufacturing capacity at the global level of each technology, expressed in the corresponding measurement unit.
Source: IEA, Energy Technology Perspectives, 2023. • Created with Datawrapper