EIA and IEA are out with projections for emissions and fossil gas consumption. They usually don’t look good.
On our present coverage trajectory, there isn’t a peak in sight, in line with EIA By 2050, we’ll probably see a 50% enhance in vitality consumption. And although renewables would be the fastest-growing new supply of vitality, hydrocarbon liquid fuels will meet nearly all of demand.
Meaning emissions may rise by way of 2050, absent huge modifications to coverage.
In July, the Worldwide Power Company issued the same evaluation exhibiting that carbon emissions will hit document ranges within the coming years. And that spending packages around the globe — even at historic ranges — are nonetheless not sufficient.
How will we make sense of this sobering evaluation?
Plus, Wooden Mackenzie is out with a brand new evaluation of world vitality storage developments, exhibiting that storage deployments are set to triple this 12 months. Most of that progress is coming from America and China, which account for 70% of installations. What are the functions, applied sciences and markets that can dominate this progress?
Lastly, Europe is in a disaster headed into winter. Pure gasoline is the second-most confused gas in Europe — and costs are 6 instances greater than they had been within the spring.
A confluence of things — quickly rising demand all of sudden, decrease manufacturing than anticipated from Russia, low storage in Europe, lower-than-expected hydro and wind manufacturing — are contributing to the issue.
What may alleviate the disaster? And does this put pressure on Europe’s local weather ambitions headed into COP26?
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