Net Zero Week and the quest to decarbonise
It is Net Zero Week in the UK, a time for raising awareness and reflecting on all matters relating to decarbonisation. Whether viewed through the prism of government policies, corporate strategies, or market dynamics, the overriding impression is one of concern – principally over the enduring challenges of implementing new technologies quickly and at scale, and the practicalities of converting from fossil fuel-based economies to renewable-powered ones.
The UK itself has made some progress, and is a useful barometer of progress in an industrialised economy. Total greenhouse gas emissions in 2024 have been provisionally estimated at 371 million tonnes of carbon dioxide equivalent (MtCO2e), a 4% decrease on 2023, according to statistics from the country’s Department for Energy Security & Net Zero, with decreased gas and coal use in the electricity supply and industrial sectors causing the largest emissions reductions.
Yet while the UK’s energy transition will deliver a cleaner and less expensive energy system, oil and gas will dominate across the next decade, leading to Net Zero targets being missed by 2050, according to DNV’s 2025 UK Energy Transition Outlook (ETO) report, published back in February.
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