The Closing the Gap: A Global Perspective report priorities five international collaboration actions to accelerate technology innovation and deployment internationally and achieve Net Zero as quickly, efficiently and affordably as possible.

In addition to hydrogen, the report found that offshore wind, oil and gas electrification, and digital transformation technologies are priorities in achieving global Net Zero targets.

Established by 12 technology and research institutions from Japan, Egypt, the Netherlands, US, Australia, Canada, Brazil and the UK, the report calls states:

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

The report’s full findings and priorities are set to be presented at COP27 in Sharm el-Shiek, Egypt during the Energy Day on November 15, 2022.

“The current global energy crisis puts energy security under the spotlight. Urgent collaborative investment in new affordable low-carbon technologies is needed to accelerate innovation, reduce the costs of the energy transition, and deliver energy security,” said Luca Corradi, Innovation Network Director at the NZTC. “In the report, we identified key collaboration opportunities and created a call to action to drive innovation and achieve Net Zero.”

Metzi Prince, Programme Manager, Emissions Reduction Fund, and R&D Delivery Manager at Energy Research & Innovation Newfoundland & Labrador, commented, “The current global energy crisis puts energy security under the spotlight. Urgent collaborative investment in new affordable low-carbon technologies is needed to accelerate innovation, reduce the costs of the energy transition, and deliver energy security. In the report, we identified key collaboration opportunities and created a call to action to drive innovation and achieve Net Zero.”