Net Zero Industry Tracker 2024 Cross Sector Findings

Infrastructure Key readiness question Is the infrastructure to enable the use of low- emission technologies available? Key messages –The cumulative infrastructure capacity required by 2050 across the sectors in scope in their net-zero scenario is 4.8 terawatts (TW) of clean power, 297 million tonnes per annum (MTPA) of clean hydrogen and 4.2 gigatonnes per annum (GTPA) of CCUS.47 –Compared to IEA estimates for the global target capacity in 2050 in their Net Zero Emissions by 2050 Scenario, the requirement from these sectors contributes to 42% of the global target for clean power, 69% for clean hydrogen and 55% for CCUS.48 Scores for low-emission technology infrastructure across sectors (2022-2024) FIGURE 15 Cement Steel Trucking Oil and gas Shipping Primary chemicalsAviation 2022 2023 2024Aluminium12345Infrastructure readiness scores Note: Aviation, shipping and trucking sectors were not included in the 2022 report, and the primary chemicals sector has been added this year. Readiness score movements in the past year: –Cement: The score decreased from 2 to 1 during the past year, mainly due to limited advancements in expanding clean power and CCUS capacity, and the significant capacity increase required to meet the 2050 infrastructure requirements as compared to the other sectors in scope. –Trucking: The score decreased from 2 to 1 during the past year, mainly due to lack of substantial increase in the use of clean hydrogen and clean power to meet energy requirements, and the significant capacity increase required to meet the 2050 infrastructure requirements as compared to the other sectors in scope.To achieve the 2050 net-zero target for the hard- to-abate sectors in scope, clean power, clean hydrogen and fossil fuels abated by CCUS will need to form over 90% of the final energy mix. Thus, it is important to look at the availability of infrastructure to support this energy requirement across each of the sectors in scope. Currently, fossil fuels contribute to approximately 90% of the energy used across these sectors, and less than 1% of the required infrastructure to meet the final energy mix targets is in place. In comparison, fossil fuels form 81% of the total global energy supply,49 which shows that the sectors in scope are lagging behind in their energy transition journey. Net-Zero Industry Tracker: 2024 Edition 14