Steelmaking, for example, is considered a hard-to-abate sector due to the extremely high temperatures necessary that can only be reached by burning fuel. However, analyses suggest that the industry could reach net zero by 2050 with a combination of carbon capture, low-carbon fuels and more efficient steel use. In the short-to medium-term, low-carbon fuels present our best opportunity to press ahead with decarbonizing such hard-to-abate industries.
Complementary fuels
Switching to lower-carbon fuels is among the most economically, politically, and technologically feasible approaches to slowing carbon emissions. It offers a lower-carbon future for newly built infrastructure in East and Southeast Asia, which could otherwise become stranded assets with serious socio-economic consequences.