Net zero is becoming more affordable as technological and financial innovation, supported by policy, are flattening the de-carbonization cost curve. We update our 2019 Carbonomics cost curve to reflect innovation across c.100 different technologies to de-carbonize power, mobility, buildings, agriculture and industry, and draw three key conclusions:
The result of these developments is very encouraging, shaving US$1 tn pa from the cost of the path towards net zero and creating a broader connected ecosystem for de-carbonization that includes renewables, clean hydrogen (both blue and green), batteries and carbon capture.
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