HSBC pathways to net zero approach shows how to close the emissions gapIn our report, Future Frontiers: The pathway towards net-zero (16 March 2021), wediscussed potential decarbonisation pathways for the major sectors in the context ofreaching global net-zero CO2 emissions by 2050. We focused on decarbonisationacross four major emitting sectors or ‘pillars’: power, transport, buildings and industry.Global greenhouse gas (GHG) emissions must fall to net zero by 2050/2070 to limitglobal warming to 1.5°C/2°C – and our modelled pathways demonstrate how toreduce global GHG emissions by 81% by 2050 vs a business-as-usual outlook.Reductions in transport account for c20% of this fall, with xEVs decarbonising roadtransport by 2040 and global regulation limiting shipping and aviation emissions.