Alsym Energy’s Post

Implementation at the city/town level is where we can make the biggest difference. Get active in your home municipality.

Carbon finance can play a transformative role in supporting clean energy projects where they’re needed most - especially in the Global South. In our latest blog, we explore how high-integrity carbon credits, supported by rigorous methodologies, can play a vital role in financing renewable energy. Key insights include: 🔹 The challenges around existing renewable energy methodologies and projects. 🔹 The role of Integrity Council’s Core Carbon Principles (CCPs) in maintaining integrity and trust in carbon markets. 🔹 Looking ahead to new, robust methodologies for renewable energy credits. Accelerating the transition away from fossil fuels to clean energy remains an urgent and critical goal, and high-integrity carbon markets are part of the solution. A robust, transparent #VCM can ensure much needed climate finance is driven to projects that wouldn’t happen otherwise, accelerating decarbonisation globally. 📖 Read the full blog here: https://lnkd.in/e7hheiGc #COP29 #EnergyTransition #ClimateAction #SustainableDevelopment

The European Commission published its Communication setting EU targets for the reduction of greenhouse gases emissions by 2040. The new targets will bridge the gap between the 2030 climate targets and the 2050 Net Zero target by defining key measures to reach a net reduction of 90% of emissions – compared to 1990 levels – by 2040. Under the impact assessment, hydrogen is set to play a key role in the decarbonisation of hard to abate industry and transport, with production of 20 to 35 million tons (Mt) of renewable-based hydrogen expected by 2040, depending on the chosen scenario. This would represent up to 10% of the final energy demand, increasing to at least 16% by 2050, demonstrating the fundamental role it will play in the energy transition with nearly one fifth of market share. https://lnkd.in/ePwebeMU

Good point ! Accelerating the transition away from fossil fuels to clean energy remains an urgent and critical goal, and high-integrity carbon markets are part of the solution.

IEA released in 2020 a concise report, which I thought worth re-sharing, on Carbon Capture, Utilization, and Storage (CCUS) and its crucial role in achieving net-zero emissions. The report highlights four key contributions of CCUS: reducing emissions from existing energy infrastructure, addressing challenging emissions in sectors like cement production, enabling low-carbon hydrogen production, and removing carbon from the atmosphere. With new investment incentives and stronger climate goals, the momentum behind CCUS has been growing since then. The report also emphasizes the need for innovation and provides geospatial analysis of emissions and storage potential in key regions! #CleanEnergyTransitions #NetZeroEmissions #CCUS #SustainableEnergy #ClimateAction

While competitiveness is at the centre of discussions in the past few months, the decarbonisation of industry remains critical for the EU’s long term climate ambitions and to ensure that the Union’s growth strategy is future-proof. We therefore call for the recognition of the contribution that lower-carbon energy sources such as renewable #LiquidGases can bring to the EU’s climate targets and competitiveness. Renewable liquid gases can greatly contribute to decarbonised rural heating and sustainable transport, while ensuring security of supply for the EU. Find out more in our manifesto: https://lnkd.in/dPFfnDHu #EnergyEverywhere

🌱The secret of change is to focus all your energy not on fighting the old but on building the new. Socrates Is a net-zero future still possible? This question I am often asked. I respond ‚yes, provided we focus all our energy on building it’. Energy cannot be created or destroyed, it can only be changed from one form to another. One of the most significant changes in recent years has been a transformation known as the ‚energy transition‘ - a shift from fossil fuel-based energy production and consumption to renewable energy sources like solar power. This shift is essential for mitigating the impacts of climate change and offers economic and social opportunities. 🌱The cost of renewable energy has dropped over the past decade (see International Energy Agency (IEA) making them a more viable option than fossil fuels. In addition to reducing greenhouse gas emissions, the energy transition provides for economic growth & resilience, job creation, innovation, health and environmental benefits, reduced energy poverty, social equity, and energy independence. Innovation in renewable energy technologies, energy storage and efficiency enable the transition. 🌱A transition to clean energy is about making an investment in our future. Gloria Reuben ▶️see ABB’s #energytransition series

🚨 50% Emissions Cut! The power sector has halved its emissions since 2008, according to today's newly released Power Barometer: https://bit.ly/3N6Sf9s This marks the largest emissions reduction to date. Yet, the climate clock is ticking faster. Europe’s #electrification rate has stagnated at 23% over the past decade - well short of the 50% target set for 2040. Another concern for the sector is the growing price volatility, with electricity prices occasionally dropping below zero (mostly during solar peaks). This makes it harder to build a strong business case for further renewable investments. Given these trends, Eurelectric calls on policymakers to: 1 - Implement the #GreenDeal 2 - Maintain a market-compatible investment framework 3 - Establish a clear electrification strategy for a competitive, decarbonised European industry. “The missing piece between going green and staying competitive is electrifying. Industrial sectors hold a huge potential to electrify further based on available technologies”, said Eurelectric’s Secretary General Kristian Ruby Explore the #PowerBarometer24 for an in-depth look at the state of Europe’s energy transition: https://bit.ly/3N6Sf9s European Commission | Niels Fuglsang | European Parliament | Sam Peacock | SSE plc | Stefan Håkansson | GFG Alliance | #energy #electricity #electrification #decarbonisation

𝐍𝐞𝐰 𝐛𝐫𝐢𝐞𝐟𝐢𝐧𝐠: 𝐁𝐞𝐲𝐨𝐧𝐝 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥𝐬’ 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐜𝐚𝐥𝐥 𝐨𝐧 𝐛𝐚𝐧𝐤𝐬 𝐭𝐨 𝐚𝐝𝐨𝐩𝐭 𝐚 6:1 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐩𝐨𝐰𝐞𝐫 𝐬𝐮𝐩𝐩𝐥𝐲 𝐭𝐨 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐫𝐚𝐭𝐢𝐨. The science is clear: as per the International Energy Agency (IEA) NZE scenario, to limit global warming to 1.5°C, Europe’s power system needs to become renewables-based by 2035 at the latest. For this objective to be met, there needs to be, over the next couple of years, significant investments in sustainable power solutions. Banks play a critical role in providing more financing for sustainable power supply in Europe. We call on them to adopt a 6:1 finance ratio: that means that for every euro spent on fossil fuels, six should be spent on sustainable power supply. Solutions such as wind and solar power, efficiency and savings, energy storage, and expansion of electricity grids are the only way to secure a 2035 fossil-free European power system. Needless to say, financing sustainable power needs to go hand in hand with banks putting a stop to financing fossil fuel expansion. Beyond Fossil Fuels 👇 https://lnkd.in/eW27YVxf