The Energy Transitions Commission (ETC) released a report Mission Possible, declaring that reaching net-zero CO2 emissions by 2050 is technically and financially possible by 2060, and earlier in developed economies, and could cost less than 0.5% of global GDP. This goal can be achieved largely by the decarbonization of power and the electrification of processes. The cost of decarbonization also can be reduced significantly by constraining demand growth for carbon-intensive transport, through greater logistics efficiency and modal shift. The report was produced from contributions from over 200 industry experts over a six-month consultation process.