UKPIA has produced a paper called "The Global Challenge" - looking at the international aspect of the energy transition. Read it here.
As the 2020 Annual Report of the UNFCCC states "We are in a race against the clock to reach Net Zero emissions and build resilience to climate change impacts."
The downstream industry, as a traditionally energy- and carbon- intensive industry that manufactures essential final products, is a sector that is changing, and changing rapidly.
There are signs of significant decarbonisation to come, with investments in a just transition using innovation technologies like hydrogen, renewable fuels, and carbon capture technology that can transform its processes and products.
The UK is already a global leader in decarbonising: reducing carbon emissions by 29% in the last decade while managing to grow the economy by 18%. More is possible, both in the UK and globally, and UKPIA believes that decarbonisation must start with an evolved regulatory framework to allow for innovation in a systems-based approach to decarbonisation at scale.
If this can be delivered, the lessons learnt can be exported around the world.