NET ZERO

largely from the incomplete combustion of traditional biomass used for cooking and heating in developing economies.

Pulling the emergency brake While CO 2 grabs most of the headlines, as a huge and hard to abate contributor to global warming, reducing methane is the fastest way to slow the process. The IEA highlights that fossil fuel supply offers the greatest potential for immediate reductions.

Solutions to lower these emissions to near zero already exist and could be deployed today at little – or even negative – cost. Currently, around 5 % of global oil and gas production meets a near-zero emissions standard, representing nearly three million barrels of oil and 130 billion cubic metres of natural gas per day.

86 April 2026