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Last Week in The Energy Sector – 2nd to 8th Oct

By October 9, 2023No Comments

The US Can Achieve Net Zero by 2050 Through Three “Super Solutions”: EVs, Building Decarbonisation, and Clean Energy

  • A report by the ICF Climate Center suggests the U.S. could reach net-zero emissions by 2050 through increased electric vehicle use, building decarbonisation, and clean energy scaling.
  • The report proposes a 100-fold increase in EVs and a boost in renewables to 85% of total electricity generation.
  • However, it acknowledges potential obstacles such as supply chain complications and political issues.

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More Than 20 Global Energy Companies Have Expressed Their Willingness to Set a Goal of Reaching Net Zero Emissions By or Before 2050

  • At the ADIPEC 2023, COP28 Chair Designate Dr. Sultan Al Jaber called for a 43% emissions reduction by 2030 and a tripling of renewable energy production.
  • He noted that investments in clean energy technology reached a record level of $1.7 trillion last year.
  • He also highlighted the need for teamwork to overcome obstacles in hydrogen use and carbon capture technologies.

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Part of Indonesia’s Net-Zero Goal is Gradually Phasing Out Coal Use

  • Indonesia is aiming to become the world’s fourth-largest economy by 2045 while also committing to net-zero emissions by 2060.
  • The private sector, including companies like APRIL Group, plays a crucial role in this, with initiatives in renewable energy, forest restoration, and community support.
  • The proposed program includes zero oil and gas lease sales in the Atlantic, Pacific and Alaskan waters.

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Fossil Fuel Exploration Should Stop Globally By 2030 As Countries Still Far From Reaching Paris Agreement

  • They highlighted the need for a just and equitable phase-out of all fossil fuels, increased renewable energy use, and a stop to new oil, gas, and coal exploration.
  • According to the United Nations, the funds needed to rescue poor countries from the effects of the climate crisis should reach $200 billion to $400 billion a year by the same date.

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UK Farmers Could Face Huge Disruption From Electricity Infrastructure

  • The UK government’s plans to expand the electricity transmission network could disrupt farmers, with National Grid planning to install hundreds of miles of new pylons and overhead cables.

  • The National Farmers’ Union (NFU) is seeking clarification on compensation for farmers and is advocating for an offshore transmission network to reduce the impact on farmland.
  • The UK government says its upgrade is “urgently needed” to connect new green energy to the grid, to ensure homes and businesses across the country can benefit from more affordable, clean electricity and meet government’s net-zero targets.

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