Fossil fuel

• Globally, the rate at which people are installing solar panels and buying electric vehicles is “perfectly in line” with what experts have said is necessary to reach net zero emissions by 2050.
• That’s according to Fatih Birol, the economist who leads the world’s energy watchdog, the International Energy Agency (IEA).
• In a recent update on humanity’s progress with cutting greenhouse gas emissions, the IEA concluded that by 2030:

The report assumes that renewable energy capacity will need to triple and replace coal, oil and gas at a rapid pace by the end of this decade to guard against catastrophic levels of warming. But despite sources like solar consistently defying even the most bullish predictions, fossil fuels have hardly budged: they supplied 82% of the world’s energy last year and 87% in 2000. Why?

Fossil fuels linger, wind power stalls

• “[In Europe and North America] renewable energy has slowly eaten into the proportion of energy generated by fossil fuels, while all other energy sources (nuclear, hydro, biomass) have remained about the same.
• Jansen says wind is a particularly valuable energy source during winter, when energy demand peaks.
• McNally does not believe this setback heralds the end of cheap offshore wind, as some have claimed.

Net zero must come sooner

• According to the IEA, “almost all countries” will also need to move their net zero target dates forward by several years.
• A team of energy experts at Australian National University (with support from nearly 900 engineers) recently argued that Australia could hit net zero as early as 2035.
• Australia must aim for 2035

  But in the UK at least, government policies on net zero are moving in the opposite direction.

We’ve been here before

• Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.
• “Delivering on the successful transition to a cleaner energy model requires the ambition and commitment of global business,” said Avangrid Chairman Ignacio Galán.
• Building on the momentum of the week’s activity, on Thursday September 21, 2023 Chairman Galán joined UNICEF’s Generation Unlimited Global Leadership Council.
• The Leadership Council is co-chaired by Catherine M. Russell, Executive Director, United Nations Children's Fund (UNICEF) and Bob Moritz, Chairman, PwC.

• TOC analyzers are essential measurement components in a host of industries relying on process control and reporting of regulated organic discharge levels.
• Industries often use TOC analysis to protect vital systems from corrosion by monitoring the raw water feedstock and process water quality.
• Oxygen plays an important role in any combustion process, and the amount of oxygen in the process decides whether the combustion is rich or lean.
• Asia Pacific is expected to grow at the highest CAGR in the Process Analyzer market from 2023 to 2028.

• MONROE, La., Sept. 20, 2023 /PRNewswire/ -- Carbon removals and renewable energy company, Drax Group, has joined the Carbon Business Council , an organization comprised of more than 100 leading carbon management growth companies working to reverse climate change.
• As a Cornerstone Member, Drax will work with the Carbon Business Council to accelerate the scaling of carbon removal technologies and build a network of leaders within the carbon dioxide removal (CDR) space.
• Drax's expertise will assist the Carbon Business Council in developing CDR policy, building awareness of why carbon removals are an essential pillar of climate action, and fostering community within the CDR industry.
• "At Drax, we want to become global leaders in carbon dioxide removals and are thrilled to be joining the Carbon Business Council as a Cornerstone member to further accelerate the development of the nascent CDR industry," said McKenzie.