below50 is a global collaboration that brings together the entire value-chain for sustainable fuels – that is, fuels that produce at least 50% less CO2 emissions than conventional fossil fuels. Our goal is to create the demand and market for these fuels in order to scale up their deployment.
Transport accounts for 27% of total global energy use, and contributes 20% of energy- and process-related CO2 emissions. The challenge of decarbonizing transport is massive: 90% of the sector is dependent on oil and demand for transport will increase by 75% by 2050.
Low-carbon transport fuels are essential to achieving environmental, social and economic goals. Only 3% of transportation fuels are currently low carbon, and this figure must grow to 10% by 2030 in order to satisfy economic growth and help keep global temperatures from rising more than 2°C. This is a significant market opportunity that is predicted to double to $185 billion globally by 2020.
below50 is the global, unified voice for sustainable fuels. It aims to improve the perception of low-carbon fuels and create the conditions for their successful development and commercialization. The collaboration promotes the world’s most sustainable fuels to producers, consumers, investors and policy-makers; and companies must meet strict sustainability and commerciality criteria to join the campaign. The work program includes: