1、Fast-Tracking Green Tech:It Takes an Ecosystem April 2023By Olivier Scalabre,Cornelius Pieper,Georg Kappen,Minjee Kim,Thomas Baker,Ulrich Pidun,Sebastian Schrapp,Franois Bastard,and Pierre-Alexandre Guyomar2FAST-TRACKINGGREENTECH:ITTAKESANECOSYSTEMFast-TrackingGreenTech:ItTakesanEcosystemThe remaini

2、ng 55%must be mitigated in large part through implementation of new green technologiesapproaches that range from low-carbon hydrogen and biofuels to carbon capture,utilization,and storage(CCUS).If these technologies are to play an essential role in mitigating GHG emissions and helping countries meet

3、 their Paris Agreement goal of limiting global warming to well below 2 Celsius above preindustrial levels and pursue efforts to further limit the temperature increase to 1.5C,they must achieve mass industrialization two to four times faster than did earlier green technologies such as solar photovolt

4、aic and onshore wind.Two challenges stand in the way of achieving these results.The first is the need to reduce what Bill Gates in his book How to Avoid a Climate Disaster termed the green premium:the added cost of low-carbon technologies compared with technologies based on fossil fuelssynthetic avi

5、ation fuels versus traditional petroleum-based jet fuel,for example.Already,countries with favorable green energy costs and subsidy schemes have significantly reduced the green premium,due in large part to the surge in energy prices as the COVID-19 pandemic subsides and the war in Ukraine roils ener

6、gy markets.Recent favorable policies such as the USs Inflation Reduction Act and the recently adopted reforms of the EUs Emissions Trading System are likely to enable other markets to reach green parity sooner than previously expected.This amplifies the importance of shifting the focus to the second