Decarbonization

• Rio's Climate Action Plan, created by the municipal government in partnership with C40, establishes the goal of achieving carbon emissions neutrality by 2050.
• There is no agreement on whether to include carbon tax in the environmental tax and when it will take effect, but in the context of climate change, Shanghai, as a first-tier city, must achieve the goal of reaching its carbon emission peak by 2030.
• Northern Ireland Government environmental policies such as the net zero target of reducing greenhouse gas emissions by 2050 and increased investment into infrastructure may lead to a growth in jobs .
• Europe's largest economy has identified Australia as a potential supplier of the vast quantities of hydrogen needed to decarbonise its heavy industry in order to adhere to the Paris climate accord and to achieve Chancellor Angela Merkel's goal of net zero emissions by 2050.
• Researchers are suggesting that China's pledge to go completely carbon neutral before 2060 could lower global warming projections by up to 0.3 degrees Celcius.
• If China were to achieve its announced goal of achieving carbon neutrality before 2060, it would lower global warming projections by around 0.2 to 0.3 C, the biggest single reduction it ever estimated.
• Extending the EU Emissions Trading System to heating is an important step in accelerating the energy transition in buildings and delivering carbon neutrality by 2050.
• California became one of the earliest large economies to set a carbon neutrality goal, resolving two years ago to reach net-zero greenhouse gas emissions by 2045.
• Climate tech encompasses a broad set of sectors which tackle the challenge of decarbonising the global economy, with the aim of reaching net zero emissions before 2050.
• The California Air Resources Board will write up regulations mandating that all sales of new vehicles are zero-emission by 2035 - residents would still be able to own fossil-fuel vehicles, and buy and sell then.
• Oil demand could fall 55%, as the carbon emissions decline about 70% by 2050 as policy measures are introduced to cut emissions, led by a significant increase in carbon prices.
• The steepest decline is forecast under the Net Zero scenario, with BP predicting an 80% drop in oil demand if carbon emissions are reduced by more than 95%, from 2018 levels, by 2050 to limit temperature rises to 1.5 degrees Celsius.
• The UK transport sector, with the notable exception of aviation, is expected to reach absolute zero carbon emissions, not net zero by 2050 (or 2045 in Scotland).
• The global aviation industry has set ambitious targets to mitigate greenhouse gas emissions from air transport, including carbon-neutral growth from 2020 and beyond, and a 50% reduction of net aviation carbon emissions by 2050.
• Executive order directs state to require that, by 2035, all new cars and passenger trucks sold in California be zero-emission vehicles.
• The UK should embrace a range of new technologies to achieve its goal of net zero emissions by 2050.
• California Governor Gavin Newsom today signed an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035, along with additional measures to eliminate harmful emissions from the transportation sector.
• Under current regulations, California's Air Resources Board requires automakers to sell electric, fuel cell and other zero-emission vehicles in increasing percentages through 2025.
• Without major policy changes, seven industry and transport sectors will account for 38% of all CO 2 emissions and 43% of energy use globally in 2050.
• Marathon set a goal in March to reduce its greenhouse gas emissions per barrel of oil equivalent processed to 30% below 2014 levels by 2030.
• The California Air Resources Board will develop regulations to mandate that 100% of in-state sales of new passenger cars and trucks are zero-emission by 2035, which would cut greenhouse gas emissions by 35%.
• Transitioning that economic China to carbon-neutrality within a few decades could cost $5.5 trillion and require the deployment of technologies that are barely in use today.
• California and other governments across the world are seeking to achieve carbon neutrality by 2045, and it will take years for vehicles to turn over and be replaced by zero-emission models.

Last updated: 04 October 2020