EPICO KlimaInnovation’s Post

The report by the International Energy Agency #IEA on The Role of Carbon Credits in Scaling Up Innovative Clean Energy Technologies highlights that achieving #net_zero emissions necessitates the rapid advancement of technologies such as #low_emissions hydrogen, sustainable aviation fuels (#SAF), and direct air capture and storage (#DACS). To meet these goals, substantial scaling-up is essential: low-emissions hydrogen production must increase from nearly zero today to 70 million tonnes by 2030; SAF's contribution to aviation energy consumption needs to grow from almost zero to approximately 11% by 2030; and CO2 removals via DACS must rise to nearly 70 million tonnes annually by 2030. Furthermore, significant investment growth is required, which governments can facilitate through various policies and financial instruments. #Carbon_Credits are particularly crucial in drawing private capital and speeding up technology adoption.

Green #Hydrogen holds a great deal of promise in contributing to the challenge of implementing alternatives to fossil fuels, particularly in energy intensive sectors such as aviation, shipping and heavy industry. In order to achieve our decarbonization goals in these areas, we will need innovative solutions. We need to think strategically about how, when, and where we produce and consume Green #Hydrogen. The U.S. commitment to harnessing this technology is clear with the recent establishment of seven regional U.S. hubs that will strive to produce more than three million metric tons of clean hydrogen per year. “Green Hydrogen: A Critical Balancing Act,” the latest issue in our Danfoss Impact Series, explores the challenges and opportunities in ushering in the era of green hydrogen. The technologies to lower the cost and increase the efficiency of green hydrogen exist; the challenge is to scale it in a cost-effective and efficient manner. For insight into how we can meet these challenges and realize the full potential of green hydrogen to diversify our energy sources and reduce carbon emissions, read https://bit.ly/49NIS7I

At Resonac, we are committed to leading the charge towards sustainability in our industry. Guided by the principle of Sparkling Truth, we believe that transitioning to non-fossil fuels is the right course of action. ♻️We have secured subsidies from the PERTE Descarbonization, granted by the Ministry of Ecological Transition. This financial support enables us to undertake two significant improvements: renovating the combustion system of baking furnaces to operate entirely on natural gas and/or renewable hydrogen, and advancing to phase 2 of our heat recovery system project. These initiatives are expected to reduce our plant’s emissions by over 7,500 tons of CO2, equivalent to the emissions of 600 homes or 4,000 vehicles in Spain. 🎯We aim to lead Resonac Corporate’s decarbonization efforts and seize the unique opportunity to become one of the world’s lowest carbon footprint GE plants. With the dedication of our multidisciplinary team, we are confident in achieving our sustainability goals and establishing ourselves as industry leaders in this matter.    #WeAreResonac #Sustainability #Decarbonization #RenewableEnergy #ClimateAction #EnergyTransition #Resonac #PerteDescarbonization 

The global shift to a sustainable future is powered by hydrogen. 🌍 As countries push for decarbonization, hydrogen is revolutionizing industries—including maritime. ORCA vessels are at the forefront of this zero-emission future, aligning with the 1,418 hydrogen projects globally planned by 2030. With $570 billion in investments and 45 Mt of clean hydrogen supply on the horizon, the energy transition is underway. ⚓️🌱 #EnergyTransition #HydrogenPower #MaritimeInnovation #Sustainability

International Energy Agency (IEA) has published a report titled 𝗧𝗵𝗲 𝗥𝗼𝗹𝗲 𝗼𝗳 𝗖𝗮𝗿𝗯𝗼𝗻 𝗖𝗿𝗲𝗱𝗶𝘁𝘀 𝗶𝗻 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗨𝗽 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀. Here are the key points: 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗚𝗼𝗮𝗹𝘀: Achieving net zero requires rapid development and scaling of technologies like low-emissions hydrogen, sustainable aviation fuels (SAF), and direct air capture and storage (DACS). 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗧𝗮𝗿𝗴𝗲𝘁𝘀: By 2030, significant scaling-up is needed: low-emissions hydrogen production must increase from nearly zero to 70 million tonnes, SAF should account for about 11% of aviation energy consumption, and DACS needs to remove nearly 70 Mt CO2 annually. 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀: Governments can stimulate investment through diverse policies and financing mechanisms. Carbon credits are pivotal, attracting private capital and expediting technology adoption. 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗘𝗳𝗳𝗼𝗿𝘁𝘀: Carbon credits alone cannot fill the investment gap. Governments and the private sector must collaborate to create conducive investment environments. Currently, limited crediting methodologies hinder carbon credit generation from these technologies, necessitating clearer emissions accounting guidelines and enhanced data collection efforts. #CarbonCredits #CleanEnergy #NetZero #HydrogenTechnology #SustainableAviation #DirectAirCapture #ClimateAction #EnergyTransition #InvestmentInnovation #LowEmissions #EnvironmentalFinance #TechnologyAdoption #EmissionsReduction #ClimatePolicy #GreenFinance

🚀 Decarbonization in Action: Mapping the Future of Energy 🌍 Through the decarbonisation workshop, we dove deep into designing a pathway for the energy industry’s evolution from 2030 to 2040, focusing on strategies to reduce CO2 emissions across sectors like transportation and manufacturing. Our goal? Achieve net-zero emissions by leveraging cutting-edge technologies. 💡 Some of the innovations we explored: - Steam Methane Reforming & Autothermal Reforming: for cleaner fuel production. - MCH & Ammonia Production: create new energy carriers. - Direct Air Capture & CO2 Capture: from exhaust to remove atmospheric carbon. - Carbon Capture and Storage (CCS) combined with Enhanced Oil and Gas Recovery. - Upgrading processes with advanced equipment for greater efficiency. The journey toward decarbonization is complex but achievable. Every step we take—from improving transportation to optimizing energy production—gets us closer to a sustainable, net-zero future. 🌱 #Decarbonization #SustainableFuture #CleanEnergy #ClimateInnovation #NetZero #Chiyoda

International Energy Agency (IEA) has published a report titled 𝗧𝗵𝗲 𝗥𝗼𝗹𝗲 𝗼𝗳 𝗖𝗮𝗿𝗯𝗼𝗻 𝗖𝗿𝗲𝗱𝗶𝘁𝘀 𝗶𝗻 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗨𝗽 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗖𝗹𝗲𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀. Here are the key points: 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗚𝗼𝗮𝗹𝘀: Achieving net zero requires rapid development and scaling of technologies like low-emissions hydrogen, sustainable aviation fuels (SAF), and direct air capture and storage (DACS). 𝗦𝗰𝗮𝗹𝗶𝗻𝗴 𝗧𝗮𝗿𝗴𝗲𝘁𝘀: By 2030, significant scaling-up is needed: low-emissions hydrogen production must increase from nearly zero to 70 million tonnes, SAF should account for about 11% of aviation energy consumption, and DACS needs to remove nearly 70 Mt CO2 annually. 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀: Governments can stimulate investment through diverse policies and financing mechanisms. Carbon credits are pivotal, attracting private capital and expediting technology adoption. 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗘𝗳𝗳𝗼𝗿𝘁𝘀: Carbon credits alone cannot fill the investment gap. Governments and the private sector must collaborate to create conducive investment environments. Currently, limited crediting methodologies hinder carbon credit generation from these technologies, necessitating clearer emissions accounting guidelines and enhanced data collection efforts. #CarbonCredits #CleanEnergy #NetZero #HydrogenTechnology #SustainableAviation #DirectAirCapture #ClimateAction #EnergyTransition #InvestmentInnovation #LowEmissions #EnvironmentalFinance #TechnologyAdoption #EmissionsReduction #ClimatePolicy #GreenFinance

*Carbon credits can help to scale up innovative clean energy technologies* Achieving net zero requires the rapid development of technologies such as low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture and storage (DACS) to decarbonise hard-to-abate sectors and neutralise residual emissions. However, these technologies are expensive, and scaling them up will require firm market demand and willingness to pay. Could carbon markets help to channel the financing that is needed? To answer this question, GenZero and the International Energy Agency (IEA) have co-authored a report titled "The Role of Carbon Credits in Scaling Up Innovative Clean Energy Technologies". The magnitude of the challenge is immense. To be aligned with IEA's Net Zero Emissions scenario, the rate of investment into clean hydrogen, SAF, and DACS needs to increase rapidly from US$9b/y in 2023 to US$700b/y by 2050. Mobilising this level of investment would require support from governments to deploy a mix of complementary policies and innovative financing instruments. High-quality carbon credits can be a tool to help close the investment gap, but there must be appropriate safeguards for environmental integrity. Using SAF as an example, co-claiming Scope 1 and Scope 3 abatement would be helpful so that the green premium can be shared between airlines and passengers. However, double-claiming Scope 3 abatement among passengers and freight forwarders should not be allowed so as to avoid double counting. Overall, the report puts forward three recommendations: 1. Government and private sector develop strategies to create the right enabling environment to drive investments, as carbon credits cannot bridge the investment gap on its own. 2. Carbon crediting programmes, project developers and experts accelerate the development of methodologies. The lack of crediting methodologies hinders the generation of carbon credits from low-emissions hydrogen, SAF and DACS. 3. A coalition of stakeholders develop guidance on emissions accounting for low-emissions hydrogen and SAF carbon credits, as they have complex supply chains that span several countries and markets. To support the guidance, better data on emissions will be needed. It was a privilege to contribute to this report led by Puar Si Liang (GenZero) and Luca Lo Re (IEA), and we look forward to further discussions on this important issue. #carbon #markets #sustainability

A cross industry approach to ramping up green hydrogen 💧📊 Although green hydrogen is a vital piece of the energy transition and the decarbonization journey, there are still many challenges preventing the industry from further ramping up. These challenges exist in the regulatory, economic, social, technological and environmental fields ➡️ https://lnkd.in/eudvEE_m #hydrogen

Thrilled to share the launch of the ACHIEVE project, an initiative aimed at combatting pollutant gases (CO2 and NOx) in gas turbine installations. 🌬️ ACHIEVE is at the forefront of advancing combustion technology, specifically targeting unconventional hydrogen (H2) blends. This includes dynamic combinations of H2, NH3, CH4, N2, and H2O. The goal? Achieve substantial reductions in emissions and pave the way for a cleaner, sustainable future. The project took its first strides just last week in of Rome. This marks the beginning of an exciting journey towards environmentally responsible and innovative solutions in the field of gas turbine installations. By addressing the critical issue of pollutant gases, ACHIEVE is contributing to a greener and more sustainable planet. This initiative aligns with our commitment to pushing boundaries, fostering innovation, and actively participating in the global efforts towards a cleaner, brighter future. Follow #ACHIEVEproject for updates on our progress, achievements, and insights into the future of clean energy solutions. 💪 #CleanEnergy #Innovation #Sustainability #GasTurbine #EnvironmentalResponsibility