As efforts to decarbonize the global energy system gain momentum, attention is turning increasingly to the role played by one of the most vital of goods: heat. Heating and cooling—mainly for industry and buildings—accounts for no less than 50 percent of global final energy consumption and about 45 percent of all energy emissions today (excluding power),
so decarbonizing heat is central to the effort to achieve net-zero emissions (Exhibit 1).
Exhibit 1
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