IEA at COP: Unlocking industries' net zero transformation
Egypt Time, GMT +2: 4:00 PM-5:45 PM
Industrial sectors account for nearly 40% of global energy consumption and more than 30% of global greenhouse gas emissions. The transformation of these sectors is pivotal to reaching net zero emissions by 2050. However, emissions keep increasing due to growing demand for basic materials as the world develops and effective global climate policy responses remain lacking. Reversing this trend and aligning the emissions trajectory with the goals of the Paris Agreement is an urgent and challenging task. While efforts are under way and commitments are being made, the reality of net zero for these industries is lagging and extrapolating from today’s speed of progress will fall far short. How do we close the gap?
This side event will bring together a panel of experienced actors to highlight how they are tackling the challenge of reducing carbon-intensive activities in hard-to-reduce sectors, what solutions are ready to be implemented, as well as what technologies will need to be developed in the future. In addition, this event will explore the spaces and the key catalytic potential that collaboration can play in accelerating the transition of these actions.