Odin Global’s Post

The future of fossil fuels remains uncertain as projections indicate their persistent usage until at least 2050, despite efforts to limit global warming. Carbon capture technologies need a substantial 14 to 16-fold increase by 2050 to mitigate emissions effectively. Challenges persist in meeting renewable energy targets, with only three scenarios achieving the goal of tripling global renewable generation capacity by 2030. Similarly, ambitious targets for nuclear capacity expansion face significant hurdles, with only two scenarios reaching the goal set at COP28 UAE. The role of natural gas in the energy mix is contentious, with usage projections varying widely between scenarios, from a 30% increase to a 70% drop-off by 2050. These statistics underscore the complexity of transitioning to a low-carbon energy system and highlight the need for comprehensive and innovative solutions to address climate change effectively.

Is there one energy outlook report to rule them all? Maybe not, but the ‘𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟐𝟒: 𝐏𝐞𝐚𝐤𝐬 𝐨𝐫 𝐏𝐥𝐚𝐭𝐞𝐚𝐮𝐬?’ (https://lnkd.in/eacvvqST) published by Resources for the Future (RFF) is somewhat unique. Taking into account 16 different scenarios of the future energy landscape from 8 reports published in 2023 along with 2 historical sources, the RFF’s report compares different projections and identifies key trends in global #energy #consumption, #emissions, and #geopolitics: 🔹Although the peak of fossil fuels consumption is expected to happen before 2030, many scenarios predict that consumption will remain high through 2050 🔹Even though carbon dioxide removal technologies are controversial, every scenario uses them to limit global warming to 1.5°C or 2°C by 2100 🔹Demand for energy-related materials and minerals is expected to grow rapidly 🔹COP28’s pledge to triple nuclear energy capacity by 2050 is challenging, requiring growth rates from the 1980s 🔹China's revised energy demand and new policies indicate lower coal use and carbon dioxide emissions In addition to the report, a handy interactive tool is available to look and compare the graphs for different scenarios and sources: https://lnkd.in/eajSWaVY Which scenario do you believe is the most realistic for achieving a sustainable energy future, and why? Let us know in the comments! #GlobalEnergyOutlook #EnergyFuture #SustainableEnergy #EnergyTransition #EnergyConsumption #CarbonEmissions #Geopolitics #FossilFuels #RenewableEnergy #EnergyScenarios #ClimateChange #CleanEnergy #EnergyTrends #NuclearEnergy #MineralDemand #EnergyPolicy #COP28 #EnergyReports

COP29: tackling the energy big five: The COP29-IEA High-Level Energy Transition Dialogues have identified five key opportunities to demonstrate progress in energy transitions and limit the rise in global temperatures. #gasworld #industrialgas

Great article in the Economist. Turns out decarboniation cost estimates have been greatly exaggerated. It's obvious why the oil/gas industry wants to do that. They weren't including the savings from not investing in oil/gas. Also, there are a lot of expensive ways to decarbonize, like nuclear, carbon capture and hydrogen (notwithstanding some niches for those last two), but deploying solar, wind, and batteries will actually lower energy costs relative to the using more of the legacy resources. https://lnkd.in/ga4NzUZn

The Global Carbon Restructuring Plan by Roland Berger sheds light on how owners of the world’s largest carbon emitters can significantly enhance climate protection. Key takeways are based on #copilot: 1) The likelihood of complying with the #ParisAgreement and limiting global warming to 1.5°C currently stands at 14%. 2) The 1,000 Most CO2-Intensive Assets collectively emit 8.2 gigatons (Gt) of CO2, which accounts for approximately 22% of fossil-fuel-based emissions worldwide. 3) Coal-fired power plants contribute to 76% of the 8.2 Gt of CO2 emissions. Iron and steel plants follow with 18%.More than half of these assets are located in China, followed by India, United States and Europe. 4) 40 firms own assets responsible for half of the 8.2 Gt of CO2 emissions. 5) #Renewableenergy and #nuclear can achieve a 100% reduction in CO2 emissions. Carbon capture and storage (#CCS) can reduce emissions by an average of 90%. 6)The cost of decarbonising these 1,000 assets ranges from USD 7.5 trillion (for renewables) to 10.5 trillion (for nuclear and CCS) over 26 years (2025-2050). This investment is less than 20% of the world’s annual military or R&D spending. 7) While the owners of the top 1,000 assets have room to fund gas and CCS investments, renewables and nuclear face financial challenges. China and India encounter serious financial constraints across all four solutions. The summary and link to the entire report is here: https://lnkd.in/eXMuEmPn

If you believe in global warming and tipping points, this is crucial for you. Our design is based on a solid mathematical foundation and not speculation or fantasy. We have successfully model tested the system and had 3 science professors verify our design. We are surrounded by gravity constantly, but we are told gravity is not an energy, so it cannot be converted to another form of energy. We now have a number of tidal generators converting tidal energy into electrical energy. Unlike the other types of ocean energy tidal energy comes from one source, gravity, depending on the alignment of the earth, moon and sun. What is gravity a force, an acceleration or a curvature of spacetime, caused by the uneven distribution of mass. We are still struggling to define gravity but one thing we are sure of, it is responsible for worldwide tides. So, gravity that is not an energy, somehow pulls the oceans and seas backwards and forwards creating two high and two low tides per day all around the earth. This tidal energy can then be converted into electrical energy by machines like Orbital 02. “In any system of bodies whatever, to which no energy is communicated by external bodies, and which parts with no energy to external bodies, the sum of the various potential and kinetic energies remains forever unaltered.”  (Isaac Newton)   Our design is based on using gravity to remove energy from a system which causes the sum of the various potential and kinetic energies to be out of balance. We can choose how out of balance we want the system, so we can power any size of generator up to and including GE’s 1,755 mw generator, presently only used at nuclear power facilities. A 4mw wind turbine produces around 12,000 MWh per annum. A 10MW offshore wind turbine produces around 35,000 MWh per annum. A single unit of our system produces more than 15,000,000 MWh more than both turbines together. Presently it is the only serious alternative to nuclear fusion or fission as a replacement to fossil fuels. As Tom Steyer said in his book Cheaper, Faster, Better. We have the cheapest possible large capacity 100% green energy system. The system is mass producible and could be up and running worldwide faster than any alternative. We have the best system by far as our system can work anywhere, next to cities, next to existing infrastructure and even as an alternative source of power at existing power producing facilities. Contact us so we can prove to you what our system is capable of and the math and science it is based on and see how we go forward from there.

If you believe in global warming and tipping points, this is crucial for you. Our design is based on a solid mathematical foundation and not speculation or fantasy. We have successfully model tested the system and had 3 science professors verify our design. We are surrounded by gravity constantly, but we are told gravity is not an energy, so it cannot be converted to another form of energy. We now have a number of tidal generators converting tidal energy into electrical energy. Unlike the other types of ocean energy tidal energy comes from one source, gravity, depending on the alignment of the earth, moon and sun. What is gravity a force, an acceleration or a curvature of spacetime, caused by the uneven distribution of mass. We are still struggling to define gravity but one thing we are sure of, it is responsible for worldwide tides. So, gravity that is not an energy, somehow pulls the oceans and seas backwards and forwards creating two high and two low tides per day all around the earth. This tidal energy can then be converted into electrical energy by machines like Orbital 02. “In any system of bodies whatever, to which no energy is communicated by external bodies, and which parts with no energy to external bodies, the sum of the various potential and kinetic energies remains forever unaltered.”  (Isaac Newton)   Our design is based on using gravity to remove energy from a system which causes the sum of the various potential and kinetic energies to be out of balance. We can choose how out of balance we want the system, so we can power any size of generator up to and including GE’s 1,755 mw generator, presently only used at nuclear power facilities. A 4mw wind turbine produces around 12,000 MWh per annum. A 10MW offshore wind turbine produces around 35,000 MWh per annum. A single unit of our system produces more than 15,000,000 MWh more than both turbines together. Presently it is the only serious alternative to nuclear fusion or fission as a replacement to fossil fuels. As Tom Steyer said in his book Cheaper, Faster, Better. We have the cheapest possible large capacity 100% green energy system. The system is mass producible and could be up and running worldwide faster than any alternative. We have the best system by far as our system can work anywhere, next to cities, next to existing infrastructure and even as an alternative source of power at existing power producing facilities. Contact us so we can prove to you what our system is capable of and the math and science it is based on and see how we go forward from there.

Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check. Demand for electricity around the world is rising faster than expected, making it harder for countries to slash their emissions and keep global warming in check, the International Energy Agency said on Wednesday. Over the next decade, the world is poised to add the equivalent of Japan’s annual electricity demand to grids each year, driven by surging power needs for new factories, electric vehicles, air-conditioners and data centers, according to the agency’s annual World Energy Outlook, a comprehensive report on global energy trends. In all, the agency now expects global electricity demand to be 6 percent higher in 2035 than it forecast last year. It’s not all dire news for climate change: The report concludes that countries are likely to build enough low-emissions power plants by the end of the decade — primarily solar, wind and nuclear power — to match that rise in demand. Rapid growth in renewable energy should at least prevent global emissions from rising drastically and could cause coal, oil and natural gas use to peak this decade.

To prevent the worst climate damages, the international scientific consensus indicates that global net human-caused emissions of carbon dioxide (CO2) must decrease by approximately 45% from 2010 levels by 2030. In 2010, annual worldwide CO2 emissions stood at 32.81 billion metric tons. To meet the 45% reduction target, 2030 CO2 emissions should be around 18.05 billion metric tons. However, the projected annual worldwide CO2 emissions for 2030 are estimated at 39.37 billion metric tons, more than double the desired level. These numbers underscore the urgency of the situation and highlight the inadequacy of current renewable energy sources such as wind, solar, hydroelectric, hydrogen, and nuclear power. While these sources play a role, they are not doing enough to address the scale of the challenge. It is easy to point fingers at fossil fuel companies for the emissions problem, but there is also a need to reassess government grants that support existing green energies. By favoring established green technologies, there is a risk of hindering the development and implementation of newer, more effective green energy solutions that have demonstrated their ability to combat climate change. It is imperative that existing green energy sources strive to achieve net zero emissions well before an indefinite timeline, emphasizing the critical need for accelerated progress in transitioning to sustainable energy practices.

China’s sharp 80% drop in new coal power approvals in the first half of 2024 is a promising sign, but challenges remain. With coal still supplying over 60% of the country's electricity, the transition to renewable energy must accelerate. It’s crucial that China focuses on better integrating wind and solar into its grid and expanding nuclear power to meet carbon reduction targets. The world is watching to see if this signals a real turning point or a temporary slowdown. #Sustainability #EnergyTransition #ClimateChange https://lnkd.in/eGqk3-YX