Almost a quarter of global greenhouse gas emissions come from the industrial sector. Steel and cement are the two highest-emitting industry subsectors, followed by the chemical subsector.
Transport is the largest oil-consuming sector today, it accounts for a fifth of global energy demand and the sector is responsible for a quarter of energy-related CO₂ emissions.
Heat is the largest energy end-use sector, accounting for around half of global energy consumption. Heat production is heavily based on fossil fuels, with only 10 per cent produced from renewable sources.
There lies enormous potential in developing synthetic fuels. They could feed off the carbon in the atmosphere, as well as the green electricity production we still need to invest in.
To make more ambitious climate actions, we need more tools in the box. Carbon has the same results in the atmosphere regardless of origin, which means that the rules for its emissions must be universal.