International report identifies five collaboration actions to accelerate the global path to net zero

A new report published by the Net Zero Technology Centre identifies global technology gaps and innovation priorities identified to drive the transition of hydrocarbon basins to an integrated net-zero energy future. 

Initiated at COP26 and launched at COP27, the Closing the Gap: A Global Perspective was contributed to by twelve technology and research organisations from Japan, Egypt, Netherlands, USA, Australia, Canada, Brazil and the UK, providing a truly global perspective on the energy transformation and the collaborative technology development that will be essential to accelerating the global path to net zero. 

NERA (National Energy Resources Australia) joined forces with CSIRO to provide the Australian perspective for the report, and collaborated with the international partners on working groups to identify innovation priorities to accelerate decarbonisation. 

The report identifies technology gaps and innovation priorities across traditional hydrocarbon basins, including blue and green hydrogen, offshore wind, oil and gas electrification, carbon capture and storage, and digital transformation technologies to achieve the Paris Agreement emissions targets.  

Five international collaboration actions are identified to accelerate technology innovation and deployment internationally and achieve net zero as quickly, efficiently and affordably as possible: 

1. Hydrogen innovation at the pace and scale needed requires more collaboration, testing, and demonstration facilities. 
2. Carbon Capture cost reduction will be achieved through the development of novel materials.   
3. Floating offshore wind can be boosted by collaboration on innovative and standardised modular substructures. 
4. Internationally aligned grid connection and transmission infrastructure will improve energy security.  
5. Shared industry data trust can unlock rapid development and adoption of new net zero solutions to decarbonise industries globally. 

Download the report to see where the actions sit: Closing the Gap: A Global Perspective