Decarbonisation reduces or eliminates CO2 and other greenhouse gas (GHG) emissions to mitigate climate change. The importance of decarbonisation lies in its ability to help stabilise global temperatures and limit climate change’s dangerous and irreversible effects by achieving net-zero GHG emissions. It means balancing the amount of GHG emitted with an equivalent amount removed from the atmosphere.
Key sectors acting as sources of global emissions include energy, transportation, buildings, and agriculture. The transportation sector plays a significant role due to emissions from vehicles and aircraft, while building operations and agriculture contribute through energy use and methane emissions, respectively.
The role of renewable energy The transition from fossil fuels to renewable energy will lead to decarbonisation efforts. In 2023, the world witnessed a surge in renewable energy capacity, increasing by 50 per cent from the previous year, led by advancements in solar and wind technologies. For instance, the cost of solar PV and onshore wind power has become competitive, making them cheaper than new and existing fossil fuel power plants.
Countries like China, the United States, the European Union, and Brazil led this expansion. China alone expected to install more than half of the new global capacity required by 2030, ahead of its targets due to the economic attractiveness of these technologies. Similarly, the United States is seeing accelerated renewable additions, spurred by policies like the Inflation Reduction Act.
هذه القصة مأخوذة من طبعة August 2024 من EPR Magazine (Electrical & Power Review).
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 2024 من EPR Magazine (Electrical & Power Review).
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BALANCING GROWTH, SECURITY, AND ENVIRONMENTAL RESPONSIBILITY FOR SUSTAINABLE ENERGY FUTURE
We will have to continue using a mix of coal and other fossil fuels alongside renewable/ green energy; there is no shortcut to this.
DEMAND LIFTING RE
The Indian solar sector is gearing up for expansion, with projections indicating a manufacturing capacity surge to over 100 gigawatts within the next six months.
Bioenergy and its potential to reduce carbon emissions
Bioenergy is a renewable energy source derived from organic materials biomass), including plants, agricultural residues, forestry by-products, and organic waste. It can be converted into energy through combustion, gasification, anaerobic digestion, and fermentation, serving multiple purposes such as heating, electricity generation, and transportation fuels. As the world seeks to transition from fossil fuels, bioenergy offers a consistent, sustainable energy source that complements intermittent renewables like solar and wind.
Managing energy transition risks
Energy transition is a strategic shift to low-carbon or renewable sources to address climate change and ensure long-term energy security, but it is also fraught with multiple challenges. The authors believe that using an Enterprise Risk Management ERM) framework can help develop comprehensive Strategies to address such challenges.
Technological innovations addressing renewable energy intermittency
Advanced energy storage and smart grids are crucial for stabilising intermittent renewable energy. In contrast, government policies that promote private investment and green energy access are key to reducing emissions in India’s power sector.
GLOBAL ENERGY LANDSCAPE IS EVOLVING TO ADAPT NON-CONVENTIONAL SOURCES
Innovations in energy storage, grid upgrades, and AI-enhanced efficiency drive the energy transition, while geopolitical tensions and supply chain issues stress energy security and diversification.
Fast-growing energy demand spurs focus on renewable security
Advanced solid-state batteries can store more energy in a smaller space, making them ideal for grid applications where high capacity and durability are essential.
The future of sustainable fuels
Hydrogen Is rapidly becoming vital in the global transition to sustainable energy solutions. Innovative technologies and strategic partnerships accelerate hydrogen adoption, especially in Southeast Asia.
Exploring green hydrogen, nuclear alternatives critical for sustainable future
As of September 2024, India's installed capacity is 452 gigawatts, with 34.13 percent contributed by renewable energy sources.
Solar rooftop technology enhances rural energy security, reducing grid inefficiencies
Decentralised renewable energy systems, including solar rooftops, are significant job creators, particularly in rural areas. These systems have higher job creation potential compared to utility-scale solar projects.