Canada electric ultra-fast hyperloop train.Faster than plane, save 636,000 tonnes CO2 emissions year

Canada could build a fully electric ultra-fast hyperloop train.It’s faster than a plane and could save 636,000 tonnes of CO2 emissions per year.

The International Energy Authority estimates that half of the emissions reductions necessary to reach net-zero will come from technologies that are too nascent to be used commercially today. Yet now is precisely when they need to be deployed, given that the U.N. Intergovernmental Panel on Climate Change (IPCC) says limiting global temperature rises to 1.5 degrees Celsius depends on cutting emissions by 45% in the next eight years.

One of the big announcements at the United National Climate Change Conference COP26 last November was from the U.S. Special Presidential Envoy for Climate, John Kerry. He unveiled a new platform with the World Economic Forum that will speed up the adoption of new technologies in the hard-to-abate sectors of steel, trucking, shipping, aviation, cement, aluminium and chemicals.

The 34 members of the First Movers Coalition (FMC), who represent almost $6 trillion in market value, commit to buy products such as low-carbon cement and steel, zero emissions heavy duty trucks, sustainable aviation fuels and direct air capture, despite their high price tags, with the idea of driving up demand and eventually bringing down costs.

At COP26 the FMC set out specific purchasing commitments by 2030 in steel, trucking, shipping and aviation fuel, with the remaining sectors set to launch their purchasing commitments this year.

The U.S. is also doing its bit to help. The White House has announced a multi-agency “Buy Clean Task Force” to speed up U.S. government purchases of greener products, including steel and concrete. The U.S. government buys goods and services worth more than $650 billion each year.

First Mover members include Amazon, Apple, Scania, Boeing, Bank of America, Holcim, Trane Technologies, Delta Air Lines, Engie, Fortescue, A.P. Moller-Maersk and DP DHL.

In the case of shipping, carriers set a target that at least 5% of their deep-sea vessels will be powered by zero-emission fuels by 2030, while cargo owners commit to at least 10% of the volume of their goods shipped internationally being on ships using zero-emission fuels by 2030, on the way to 100% by 2040.

COP26 saw the birth of the First Movers Coalition, whose 34 members commit to buy low-carbon products such zero-emissions heavy duty trucks and sustainable aviation fuels.

The idea is that this will drive up demand for such goods, which will eventually bring down costs.

The companies involved include Amazon, Apple, Scania, Boeing, Bank of America, Holcim, Trane Technologies, Delta Air Lines, Engie, Fortescue, A.P. Moller-Maersk and DP DHL.

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