‘2050 net zero’ goal in danger

According to the report of the World Economic Forum (WEF) 'Class Emission Industry Tracker', the reduction of global greenhouse gas emissions such as steel, aluminum, cement, aerospace and oil has been recorded in emissions in eight industries, which constitutes 40 percent of these reduction speed, is not enough for the goal of ‘2050 net zero’. In 2023, absolute emissions in these sectors increased by 0.9 percent by the previous year, while the global energy sector-borne emissions increased by 1,3 percent.

Technology and investments are critical importance]
According to the report, almost half of the reduction required in emissions can be achieved with existing commercial technologies. However, 30 trillion dollars need additional investment to achieve the goal. When the artificial intelligence provides a large potential in the clean energy conversion, it is expressed that this situation can increase energy demand and create challenges for new opportunities for sector leaders. [

Collaboration and financial innovation requirement[
Roberto Bocca, President of the World Economic Forum Energy Center, stressed that the reduction of emissions in difficult sectors in the assessment of the report is encouraging but the provision of the necessary financing and business union is critical. Bocca, “We have the necessary technology and policy frame to move to the moment. However, 2050 spoke to an unprecedented collaboration and financial innovation to hold his goal.