We should be able to reach net-zero emissions in the energy industry by around 2040 (optimistic, but realistic target), and even produce enough clean electricity to power clean electric solutions in transport/agriculture/industrial/appliance sectors (which are the other main contributors to net GHG emissions).
The only problem is that a lot of this technology is still missing / not adopting fast enough. Electric cars and cleaner farming will probably get there in time, as well as lots of electric appliances and clean steel.
I'm worried about these though:
- Cement/concrete
- Aviation (electric is on the way [1], but maybe growing too slow)
- Livestock (synthetic meat promising, but once again maybe progress too slow)
- Shipping
- Appliances/civilian buildings: long lifespan to replace systems with electric alternatives, people won't just throw away a working heating system / stove etc
For those, we need CCS or reforestation efforts to be accelerated.
Our best bet in my view is to focus most investment in nuclear energy short term, with large minorities in CCS and transport+industrial electrification, and get electricity prices super low (and TPES super high)
Once we have abundant, clean energy worldwide, we will be able to easily reach net-zero emissions and even induce net cooling if we feel we have overshot the ideal atmospheric carbon level.
(In fact, we should be able to move it either way depending on our needs)
Net zero goal isn't about stopping climate change, it's about putting the control in our hands and having the ability to shift temperatures and GHG levels in the optimal direction in perpetuity.
[1] https://heartaerospace.com (YC-backed)