The Global CCS Institute hosted its first ever flagship event at Climate Week in New York City focusing on the net-zero industry transition.
As one quarter of global emissions are produced by industry, the event addressed the importance of accelerating global efforts towards a clean energy transition and how carbon capture and storage (CCS) can support the decarbonisation of the industrial sector.
International leaders from business, climate, and government also highlighted the sector’s pressing need to decarbonise its electricity production.
The Intergovernmental Panel on Climate Change’s (IPCC) Special Report on Global Warming of 1.5 °C states that to limit global warming to 1.5°C, the industrial sector must reduce its emissions by 75-90% relative to 2010 by mid-century, before phasing out emissions completely.
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