An affordable, reliable, competitive path to net zero
Despite progress towards the goals of the Paris Agreement, the world is not yet on track to limit global warming to below 2°C, or ideally 1,5°C. To achieve net zero emissions, countries and companies must step up their efforts as current progress is not enough. A successful transition requires achieving four key objectives simultaneously: emissions reduction, affordability, reliability and industrial competitiveness. Research has identified seven principles that can help achieve these goals simultaneously. For example, low-cost solutions could pave the way to affordability, while simultaneously managing existing and emerging energy systems can increase reliability. By applying these principles, the world could significantly improve its emissions trajectory and bring the goals of the Paris Agreement within reach. A shift in mindset and continued pursuit of progress across all four goals are critical to ensuring a successful transition to net zero.