Reaching net zero globally in 2050 will require certain regions and sectors to go to net zero much faster. OECD regions must achieve net zero by
2043
and net negative thereafter (thanks to carbon capture and removal), and China needs to reduce emissions to zero by
2050
. Some sectors like electricity production will need to reach net zero before 2050, while others, like cement and aviation will still have remaining emissions. The maritime sector needs to reduce emissions by
95% by 2050
.
(Source: DNV, 2022,
Energy Transition Outlook
)