byAndreas Exarheas

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Rigzone Staff

https://www.rigzone.com/news/will_the_world_hit_net_zero_by_2050-30-may-2023-172906-article/

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Tuesday, May 30, 2023

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‘We view the next decade as critical’.

Image by NVS via iStock

BMI currently does not see enough progress on the decarbonization of the power mix, emissions reduction, or adoption of low carbon technology to reach net zero emissions by 2050.

That’s what Thomas van Lanschot, BMI’s Head of Power and Low Carbon Energy Research, told Rigzone, adding that BMI views the current spread of renewable targets and pledges to not reduce the share of high emitters significantly enough in multiple sectors, “leaving a substantial demand for mitigating emissions from sources such as coal”.

“We view the next decade as critical as the development of key technologies will need to be accelerated to have a meaningful impact over that time frame,” Lanschot said.

“These include commercializing and scaling up low carbon gas (such as hydrogen)…