Decarbon Daily - Issue for July 22, 2021
Inside this issue
With capital flowing into the Energy industry, many experts and associations are beginning to take a deep-dive into what Net-Zero looks like for individuals, corporations, and government.
In yesterday's issue, I pointed you to the CATF's study. Check it out if you are not familiar with it yet.
Four quotes to highlight in CATF's study:
The infrastructure challenges of moving away from oil are daunting.
Software is eating the world but infrastructure is here to stay. Low cost, reliable energy will continue to be in demand thus demand for oil and natural gas are here to stay for the coming years. IEA forecasts demand to be steady in the coming years; however, a post-covid recovery is likely to push oil and natural gas demand near 2019 levels in 2022.
Natural gas could help transition to net-zero-carbon fuels in several ways
I'm bullish on natgas. Natural gas has far more potential upside across several industries. For example, India aims to have 10,000 retail outlets of compressed natural gas (CNG) in the next five years as the country plans to increase the share of gas in its energy basket. India currently has 2,700 retail CNG outlets. LNG / CNG is attractive for long-haul and heavy-haul in the transportation sector.
Electrification has significant potential in short-haul urban delivery of consumer goods
Look out the window and count the Amazon Prime trucks, FedEx, and UPS trucks in your neighborhood. As early as 2022, Amazon may have 10,000 electric delivery trucks supplied by Rivian and others. FedEx and others are making the switch to electric as well.
Because transportation deep decarbonization is an especially thorny problem, the question of which policies make sense is a hard one
Policies and the incentives that are created will certainly be a challenge for the future. Policy and tax credits influence corporate spending and behavior. The capital that is deployed must make financial and economic sense for the communities and people involved.
Inside this Issue
🤔 Net Zero Is Hard Work, So Companies Are Going ‘Carbon Neutral’
🛤 RPMI Railpen commits to net-zero portfolio by 2050
🙋 Is 'net zero' much ado about nothing?
💸 Achieving net-zero carbon emissions will be eye-wateringly expensive
Articles in this issue