LONDON, June 12 (Reuters) – Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private sector.

Energy Dome sited the CO2 Battery in Sardinia to favor speed to market and ease of execution, as it’s in an industrial area with an existing electrical connection. Further, Sardinia currently uses coal, but the fossil fuel will be phased out by 2025. The battery can be paired with both wind and solar.

Hydrogen is emerging as a major fuel for the transition from fossil fuels to clean energy. It is seen as a solution for replacing oil and gas in heavy industry and transportation. However, hydrogen is often used as the greenwashing tool for producers and consumers of energy.

New capacity for generating electricity from renewable sources is set for another record in 2022, as governments around the globe seek security in renewable energy and its climate benefits, the International Energy Agency (IEA) said.

Fueling its plan to widely expand its electric vehicle recharging network, U.K.-based oil giant bp has entered a multi-year agreement with Tritium DCFC Ltd., a leading developer and manufacturer of direct current fast chargers for EVs, the companies announced Monday.