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Letter on carbon: Chasing down the cost of DAC
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
Chevron joins push for Asia CCUS hubs
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Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
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EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
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EU proposes 90% 2050 climate target
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A disorderly transition
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Irena is calling for faster action to cut emissions
Energy transition Emissions Decarbonisation Carbon capture Renewables Hydrogen
Tom Young
10 June 2022
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World must cut 37gt CO₂ by 2050 – Irena

Agency report identifies key technologies and actions needed to be consistent with 1.5°C pathway

The world must cut 37gt of annual CO₂ emissions by 2050 to keep to a pathway that would limit global warming to 1.5°C this century, according to the International Renewable Energy Agency (Irena). Around 9.25gt of these cuts must come from energy efficiency, 9.25gt from renewables, 7.4gt from electrification, 3.7gt from hydrogen, 2.2gt from carbon capture and storage (CCS), and 5.2gt from biomass equipped with CCS, according to the body’s World Energy Transitions Outlook, published today. “[The report] charts the fastest path to emissions reduction consistent with the 1.5°C goal. It prioritises existing solutions and those with the most chance of becoming viable in the coming years,” says Ire

Also in this section
Letter on carbon: Chasing down the cost of DAC
14 August 2025
Innovation is moving at pace in the direct air capture sector, but will costs fall quickly enough to make it a mainstay of the voluntary carbon market?
Chevron joins push for Asia CCUS hubs
11 August 2025
US company reiterates commitment to CCUS as it agrees to work with major steelmakers to drive large-scale deployment in Asia
Germany eyes blue hydrogen as cabinet backs CCS
7 August 2025
Draft law opens door to large-scale carbon capture and storage, and could unleash investment in gas-based hydrogen projects
An end to EU green illusions
6 August 2025
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance

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