Low Carbon Transport Fuels and the Climate Challenge
Direct emissions from transportation account for nearly 25% of global energy-related CO2 emissions. As people around the world increasingly move into the middle-class society, car ownership levels will rise, and the corresponding increase in economic activity will increase emissions from aviation, maritime and trucking.
Although the increase in electric cars using renewable energy will help reduce emissions from light vehicle transportation, liquid and gaseous fuels will be the most likely choices for aviation, maritime and trucking for the main part of this century. Given these conditions, it is essential that we seek to replace fossil fuels with alternative fuels that can significantly reduce CO2 emissions.
A large increase and use of low carbon alternative fuels will be required over the next 20-30 years to decouple economic growth from the business-as-usual increase in CO2 emissions from global transportation demand.
Cooperation between public and private actors in the development of new low carbon fuels markets will enable us to realise the mitigation potential of alternative fuels for transport, accelerate new investment into this growing sector and drive the creation of high-tech green jobs across the globe.