Net Zero Industry Tracker 2024

10203040506070 BAU Net zerogCO2/ton-km 2023 2030 20502050 BAU scenario 37.2 gCO2/ton-km 2050 net- zero scenario 3.36 gCO2/ton-km57.8 57.8 050.2 41.8Performance ReadinessThe sector currently accounts for 5%245 of global direct CO2e emissions. Fossil fuels account for approximately 96%246 of fuel consumption in the industry, making them a critical driver for emission intensity. Trucking industry performance Emissions intensity trajectory for the trucking sectorTABLE 8 FIGURE 35Performance metric Change (2019-2023) Industry activity (trillion ton-km) +23%247 Emission intensity (gCO2/ton-km) -14%248 Total CO2e emissions -6%249 In 2023, the trucking sector produced 1.89 Gt CO2e in direct emissions, marking a 6% increase from 1.78 Gt CO2e in 2019.250 Despite the growth in emissions, the industry has made significant strides in reducing emission intensity, achieving a 14%251 reduction over the past five years due to improvements in fuel efficiency. Trucking activity reached an all-time high of 32.8 trillion ton-km in 2023, compared to 26.6 trillion ton-km in 2019, as the sector recovered from COVID-19 pandemic- related disruptions.252 The sector’s energy intensity dropped by 15%, from 1.24 MJ/ton-km in 2019 to 1.05 MJ/ton-km in 2022.253 Low-emission fuels, while representing a small share of the total fuel used in the sector, highlight the growing (albeit slow) shift away from diesel. For example, Tesla delivered its highly anticipated Tesla Semi,254 marking a major step towards the electrification of long-haul trucking. The electric trucks, delivered to PepsiCo, demonstrated a range of up to 500 miles on a single charge, pushing the boundaries of what electric trucks can achieve in long-haul operations. However, with global trucking demand expected to double by 2050,255 further innovation and policy actions are essential to accelerate the sector’s transition to net zero. Source: IEA Net Zero Scenario. Net-Zero Industry Tracker: 2024 Edition 65