Industries are ready for emissions reductions, and now strong commitment from states is needed to speed the energy transition, P2X Solutions CEO Herkko Plit states.
For the International Energy Agency’s (IEA) Net Zero Emissions by 2050 Scenario to be achieved, the use of renewable fuels such as green hydrogen and synthetic fuels must increase more than tenfold by 2030. The targets set for 2050 are achievable, but this requires action from governments, companies, and technology developers.
This is according a recent report on energy transition by the Sustainable Business (SB) COP30 working group, published ahead of the UN COP climate change conference. The conference began on Monday, November 10, 2025, in Belém, Brazil.
Herkko Plit, CEO of P2X Solutions, is a member of the SB COP30 working group and participated in the preparation of the section on emission-free fuels in the energy transition report.
The biggest obstacle to the clean fuel transition is cost – but the challenge can be solved
“Although decarbonization and the energy transition are progressing, we are still behind the schedule in our efforts to limit global warming to 1.5 degrees Celsius and achieve net-zero carbon emissions by 2050,” states Herkko Plit.
Total energy-related carbon dioxide emissions increased by 0.8 percent in 2024, reaching an all-time high. However, companies have the opportunity to reduce these emissions by 30–40 percent already by 2030 through measures related to three themes: energy efficiency, renewable energy, and emission-free fuels.
One of the report’s findings is that the use of renewable fuels such as green hydrogen and synthetic fuels must increase more than tenfold by 2030 for the IEA’s 2050 net-zero emissions scenario to be achieved.
A key obstacle to progress is cost: green hydrogen, advanced biofuels, and synthetic fuels can be significantly more expensive than average fossil fuels.
“The development of the clean fuels sector will be accelerated if governments implement demand and supply mechanisms to balance the price difference compared to fossil fuels. Public administration must also support innovation and supply chain development, strengthen sustainability requirements, and remove other barriers to adoption,” Plit lists.
Leveling the price difference requires mandates, financial incentives, standards, and carbon pricing from policy sectors. “All these measures are crucial as we promote the adoption of renewable fuels and accelerate our transition to a low-carbon economy,” Plit explains.
Currently, the growth in the use of synthetic fuels is largely limited to the European Union. European regulations require that 1.2 percent of aviation fuel must be renewable fuel from non-biological sources by 2030. For other modes of transport, the requirement is 1 percent. The FuelEU Maritime emissions targets for shipping are also expected to increase the demand for synthetic fuels, especially synthetic methanol.
“Industries are ready for emissions reductions, and now strong commitment from states is needed. To meet the agreed climate targets, the development of low-carbon technologies must be supported by financing and policy mechanisms. This way, we can maximize the speed of the energy transition and do it in a cost-effective manner,” Plit concludes.
Read the full Energy Transition report on the SB COP30 working group’s website.
Further information
Herkko Plit
CEO
P2X Solutions Oy
herkko.plit@p2x.fi
+358 50 462 07 88
P2X Solutions is a Finnish pioneer in green hydrogen and Power-to-X technology. We are accelerating the rise of the hydrogen market holistically and innovatively in all areas of the value chain, and we have built Finland’s first industrial-scale green hydrogen and synthetic methane production plant in Harjavalta. We operate as a producer and distributor of green hydrogen and synthetic fuel, and we supply hydrogen plants in a customer-oriented manner and on a turnkey basis, when needed. We aim for a total of 1 GW of hydrogen production capacity over the next decade. We are making the world cleaner – together. https://p2x.fi/en