Net zero is achievable before 2050, but uncertainties demand immediate action, the ESO has said today.
It is possible to achieve net zero in the power sector before the target year of 2035.
According to the National Grid ESO paper “Future Energy Scenarios 2023,” it is crucial to concentrate on important technologies and overcome uncertainties in the near future.
The danger of failing can be decreased by improving the decarbonization of heat and putting in place solutions like vehicle-to-grid.
Various approaches to achieving net zero are presented in the study.
The “Leading the Way” scenario eliminates greenhouse gas emissions from the atmosphere by 2046 and achieves annual net emissions of -34 MtCO2e by 2050.
By 2050, net zero is achieved in both the “Consumer Transformation” and “System Transformation” scenarios.
The “Falling Short” scenario, on the other hand, fails to reach net zero emissions by 2050 and leaves 179Mt of leftover emissions in its wake.
The “Leading the Way” and “Consumer Transformation” scenarios both achieve net zero emissions in the power sector by 2034, beating the goal year of 2035.
The “System Transformation” scenario eliminates all emissions from the electricity sector by 2035, whereas the “Falling Short” scenario lags and achieves net zero emissions in 2046.
The balance between greenhouse gas (GHG) production and removal from the atmosphere is generally referred to as the net zero. This is achieved by a joint effort of emission removal on one hand and reducing emissions of the existing sources. This is a steady process involves participation of everyone in commercial, residential, public, industrial and government sectors.