Net Zero Industry Tracker 2024

Scoring matrix for transformation dimensions FIGURE 4 – Technology readiness level (TRL)– Infrastructure capacity required– Price elasticity of demand – B2B green premium (cost) – B2C green premium – Progress towards 2030 projects goal (announced projects)– Required increase in capital – Capital efficiency – Ease of increasing capital current return margins – Progress towards 2030 projects goal (investment stage)– Availability and maturity of policyTechnology Infrastructure Demand Capital PolicyDimension Sub-dimensions Stages5Stage 4Stage 3Stage 2 Stage 1Stage Note: Individual key performance indicators scoring is in the appendices. Definitions Clean power: A combination of renewable energy, including solar, offshore wind, on-shore wind, hydropower, biomass, nuclear and geothermal energy, used to electrify thermal processes in production and as an alternative propulsion source in transport sectors Clean hydrogen: Considers both blue hydrogen (produced with natural gas abated by CCUS) and green hydrogen (produced through electrolysis), though the preference in most cases is green hydrogen Green premium: Additional products/fuel costs passed to businesses and end consumers, associated with adoption of low-emission technologies “Low-emission” production: Defined quantitatively for each industry in terms of product emission intensity (Scope 1 and 2) Carbon capture, utilization and storage (CCUS): A technology that captures carbon dioxide (CO2) emissions from large point sources, such as power generation and industrial facilities, and then utilizes or transports the captured CO2 for storage in deep geological formations Net-Zero Industry Tracker: 2024 Edition 12