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Five key questions about hydrogen. https://www.iea.org/reports/global- hydrogen-review-2025/five-key-questions-about-hydrogen. 40. Global CCS Institute. (2025). Global Status of CCS 2025. https://www.globalccsinstitute.com/wp-content/ uploads/2025/10/Global-Status-of-CCS-2025-report-9-October.pdf. 41. International Energy Agency Greenhouse Gas R&D Programme (IEAGHG). (2025). Delivering the next phase of CCUS: Key takeaways from Day One of the CCUS 2025 Conference. https://ieaghg.org/news/delivering-the-next-phase-of-ccus-key- takeaways-from-day-one-of-the-ccus-2025-conference/. 42. International Air Transport Association (IATA). (2025). Global air passenger demand reaches record high in 2024. https:// www.iata.org/en/pressroom/2025-releases/2025-01-30-01/. 43. International Energy Agency (IEA). (2025). World Energy Outlook 2025. https://iea.blob.core.windows.net/assets/ af5ac385-8fce-4cc7-8c73-107a3aade95e/WorldEnergyOutlook2025.pdf. 44. Ibid. 45. 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Net-Zero Industry Tracker 2024. https://reports.weforum.org/docs/WEF_Net_Zero_ Industry_Tracker_2024.pdf. 51. BloombergNEF. (2025). Europe’s new emissions trading system expected to have world’s highest carbon price in 2030 at €149. https://about.bnef.com/insights/commodities/europes-new-emissions-trading-system-expected-to-have-worlds- highest-carbon-price-in-2030-at-e149-bloombergnef-forecast-reveals/. 52. US Securities and Exchange Commission. (2025). SEC Votes to End Defense of Climate Disclosure Rules. https://www. sec.gov/newsroom/press-releases/2025-58. 53. Global Renewables Alliance. (2024). Global Grid Targets: Enabling Decarbonisation. https://globalrenewablesalliance.org/ wp-content/uploads/2024/09/GRA-GGI-Global-Grids-Target-V10-September-2024.pdf. Scaling the Industrial Transition: Hard-to-Abate Sectors and Net-Zero Progress in 2025 30
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