Deep in the complex depths of decarbonisation is a simple unalterable truth: we need to reduce carbon emissions faster to reach Net Zero targets. Until we collectively sign up to accelerating renewable technologies – as governments, industries and consumers – then the wheels of change are not going to move fast enough to implement an effective transition.
Amid a range of market and industry challenges to enacting green-led economies, a two-track narrative is taking hold: renewables are actively being courted while we continue to extract fossil fuels ahead of all the newer technologies reaching suitable scale. It is being positioned as a ‘pragmatic’ solution, albeit one that doesn’t placate environmentalists, nor indeed some industry analysts.
In an era keen to maintain economic security and ‘business as usual’ continuity in the face of systemic change, it’s an understandable approach. But change is underway.
Major policy support is building behind blue hydrogen and carbon capture, utilisation and storage (CCUS) alongside other key pillars such as energy efficiency, industrial electrification, and low-carbon fuels, feedstocks, and energy sources.
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