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Breakthrough Agenda Report 2022

Breakthrough Agenda Report

  • Breakthrough Agenda Report is a progress report on the actions required to deliver on the historic clean technology commitment by governments representing two-thirds of the global economy.
  • Breakthrough Agenda Report is endorsed by 45 world leaders, including those of the G7, China and India.
  • Aim: To align countries’ actions and coordinate investment to scale up deployment and reduce costs across five key sectors – power, road transport, steel, hydrogen and agriculture.
  • Significance:
    • Breakthrough Agenda Report key sectors under focus account for nearly 60 per cent of global greenhouse gas (GHG) emissions today and can deliver the bulk of the emission reductions needed by 2030.
    • This move would make a significant contribution to limiting global warming to a maximum of 1.5 degrees Celsius, as committed under Paris Agreement goals.
Breakthrough Agenda Report
Breakthrough Agenda Report

Breakthrough Agenda Report: Highlights

  • Practical cooperation: There is an increase in practical international cooperation in recent years, and progress in deploying the technologies needed for clean energies.
    • However, greater international cooperation is required to get the world on track to meet its climate commitments.
  • Global renewable capacity: The report has forecast increase in global renewable capacity in 2022 by 8%. It will go beyond the 300GW mark for the first time.
    • This will be equivalent to powering approximately 225 million homes.
  • Electricity cost reduction: The Breakthrough Agenda Report 2022 has predicted reduction in global electricity generation cost by about $55 billion in 2022, based on new renewable capacity added in 2021.
  • Energy security: The report says that speeding up the transition to clean sustainable energy can achieve lasting energy security.
    • The current rise in energy cost due to Pandemic, Oil Prices and Russia-Ukraine conflict has shown over-dependence on fossil fuels.
    • International collaboration is the only way to make the transition quicker, cheaper and easier for everyone.
  • Measures to boost transition to clean energy: Faster innovation, bigger incentives to invest, level-playing fields and sharing of benefits across all parts of society can boost transition.
  • Need for transition: Transition to renewables will help bring affordable energy, jobs, economic growth and a cleaner environment to the common people.

 

Breakthrough Agenda Report: Recommendations

  • Power sector: Governments should work together to develop opportunities for cross-border and regional power interconnection and smart grids to support the transition to clean power systems.
    • Financial support and technical assistance have to be provided by institutions to help coal-producing countries to transition to clean energy.
  • Steel: Governments and companies aiming to lead the transition in the steel sector should agree on common definitions for low emission and near-zero emission steel.
    • Governments and companies should increase near-zero emission steel procurement commitments to cover a significant share of their future steel demand.
  • Road transport: There must be an agreement on setting up a common date for new road vehicles to be net zero, targeting 2035 for cars and vans and the 2040s for heavy duty vehicles.
    • Governments should exchange best practice in policy to attract investment and accelerate deployment of charging infrastructure.
    • New research and standards have to be set for battery recycling in order to reduce dependence on precious metals such as lithium.
  • Agriculture technology: Agriculture technologies and farming practices that can cut emissions from livestock and fertilizers have to be promoted.
    • International climate finance directed at agriculture should increase sharply.
  • Hydrogen energy: Government and private sector must work together to drive demand and deployment of low-carbon renewable hydrogen technology.
  • High-level institutions: Governments and other stake-holders must develop high-level, strategic dialogues in each sector to implement recommendations for collaborative action.
clean power systems.
clean power systems.

 

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