May 28, 2013

Report: Energy Potential Around the World

Admin
4 min
  About 1.2 billion people – almost the population of India – don’t have access to electricity, 2.8 billion have to...

<p>
&nbsp;</p>
<p>
About 1.2 billion people &ndash; almost the population of India &ndash; don&rsquo;t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewables happened in China.</p>
<p>
These are just some of the findings of a unique new report by a multi-agency team led by the World Bank and supported by the World Energy Council. &nbsp;The report, compiled by experts from 15 agencies, is the first of a series to monitor progress towards the three objectives of the Sustainable Energy for All initiative, launched in 2011 by United Nations Secretary General Ban Ki-moon. The initiative, whose advisory board is co-chaired by World Bank Group President Jim Yong Kim, is mobilizing a global coalition of governments, private sector and civil society to achieve, by 2030, its three objectives of universal access, doubled renewables and doubled energy efficiency improvement.</p>
<p>
The report puts numbers to those three objectives and identifies what needs to change where and how to do it.</p>
<p>
&ldquo;Demand continues to outpace supply of electricity: That electricity needs to be affordable, and generated more and more in a sustainable way, and used more efficiently,&rdquo; said World Bank Vice President Rachel Kyte, in launching the report. &ldquo;To rise to this challenge &ndash; to meet peoples&rsquo; basic needs and to do so sustainably clearly requires a scale of effort we have never seen before.&rdquo;</p>
<p>
About 80 percent of those without access to modern energy live in rural areas. Although 1.7 billion people gained access to electricity between 1990 and 2010, this is only slightly ahead of population growth of 1.6 billion over the same period. &nbsp;The pace of expansion will have to double to meet the 100 percent access target by 2030. To bring electricity to that one billion plus people using conventional energy sources would increase global carbon dioxide emissions by less than one percent.</p>
<p>
The reports finds only &ldquo;modest&rdquo; progress since 1990 on expanding access to electricity and clean household fuels, increasing the share of renewable energy and improving energy efficiency.</p>
<p>
Dr Christoph Frei, Secretary General of the World Energy Council, said: &quot;The report shows that there has been progress but it is also clear that much more will need to be done if we are to meet the UN Secretary General&rsquo;s ambitious goals. The global energy system is undergoing arguably the biggest transformation in modern history and bold policy measures will be required to enable the energy sector to deliver on this challenge. The World Energy Council is committed to play our part in achieving these goals and guiding the policy changes needed, through our leadership network and our events such as the World Energy Congress, with our Energy Tilemma policy work and our leadership in the Global Electricity Initiative.&rdquo;</p>
<p>
Twenty countries in Asia and Africa account for about two-thirds of those without access to electricity and three-quarters of those who use solid fuels&mdash;wood, charcoal, animal and crop waste, and coal&mdash;to cook or heat their homes.</p>
<p>
The study calculates that renewable energy accounted for 18 percent of the global energy mix in 2010, and that the improvement rate of energy efficiency, described by a compound annual growth rate of energy intensity (CAGR), was -1.3 percent between 1990 and 2010.</p>
<p>
Twenty so-called &ldquo;high-impact&rdquo; countries identified in the report as accounting for 80 percent of energy consumption will need to lead the way on doubling the share of renewables to 36 percent of the global energy mix and doubling energy efficiency.</p>
<p>
Decisive action is needed to achieve these goals, the report concludes, including more than doubled energy investments, as well as &ldquo;a comprehensive package of policy measures, including fiscal, financial and economic incentives, phasing out fossil fuel subsidies, and pricing of carbon.&rdquo;</p>
<p>
Dr Frei added: &ldquo;Access to secure, clean, and affordable energy is fundamental to improving the lives of people across the world. &nbsp;The goals of Sustainable Energy for All are important and we must seize this opportunity to make a better future.&quot;</p>
<p>
The report shows that China has recorded the largest energy savings and greatest expansion in renewable energy globally. India has electrified an annual average of 24 million people and provided 20 million a year with access to modern cooking and heating fuels since 1990.</p>
<p>
&ldquo;In the report, we refer to high-impact countries that offer the most potential to make rapid progress towards the goals,&rdquo; said Vivien Foster, Energy Sector Manager at the World Bank, who led the report team. &ldquo;This report suggests that they can draw lessons from the experience of what we call fast-moving countries. Interestingly, China and India fall in both categories.&rdquo;</p>
<p>
It also calls on countries, international organizations, private sector investors and civil society to increase energy investments focused on the three objectives by at least $600 billion a year until 2030, more than doubling the current estimated $409 billion. The additional $600 billion would include $45 billion for electricity expansion, $4.4 billion on modern cooking, $394 billion in energy efficiency, and $174 billion on renewable energy.</p>
<p>
SOURCE: <a href="//www.worldenergy.org">World Energy Council</a></p>
<p>
&nbsp;</p>
<p>
<a href="http://www.energydigital.com/magazines/13641">Read More in Energy Digital&#39;s May Issue</a></p>
<p>
&nbsp;</p>
<p>
<a href="http://itunes.apple.com/us/app/energy-digital/id443503014?ls=1&amp;mt=8… THE ENERGY DIGITAL IPAD APP </a></p>
<p style="margin-bottom: 0in">
&nbsp;</p>
<p style="margin-bottom: 0in">
&nbsp;</p>

Share article

Jul 29, 2021

Carbon dioxide removal revenues worth £2bn a year by 2030

Energy
technology
CCUS
Netzero
Dominic Ellis
4 min
Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades says the UK's National Infrastructure Commission

Carbon dioxide removal revenues could reach £2bn a year by 2030 in the UK with costs per megatonne totalling up to £400 million, according to the National Infrastructure Commission

Engineered greenhouse gas removals will become "a major new infrastructure sector" in the coming decades - although costs are uncertain given removal technologies are in their infancy - and revenues could match that of the UK’s water sector by 2050. The Commission’s analysis suggests engineered removals technologies need to have capacity to remove five to ten megatonnes of carbon dioxide no later than 2030, and between 40 and 100 megatonnes by 2050.

The Commission states technologies fit into two categories: extracting carbon dioxide directly out of the air; and bioenergy with carbon capture technology – processing biomass to recapture carbon dioxide absorbed as the fuel grew. In both cases, the captured CO2 is then stored permanently out of the atmosphere, typically under the seabed.

The report sets out how the engineered removal and storage of carbon dioxide offers the most realistic way to mitigate the final slice of emissions expected to remain by the 2040s from sources that don’t currently have a decarbonisation solution, like aviation and agriculture. 

It stresses that the potential of these technologies is “not an excuse to delay necessary action elsewhere” and cannot replace efforts to reduce emissions from sectors like road transport or power, where removals would be a more expensive alternative.  

The critical role these technologies will play in meeting climate targets means government must rapidly kick start the sector so that it becomes viable by the 2030s, according to the report, which was commissioned by government in November 2020. 

Early movement by the UK to develop the expertise and capacity in greenhouse gas removal technologies could create a comparative advantage, with the prospect of other countries needing to procure the knowledge and skills the UK develops.

The Commission recommends that government should support the development of this new sector in the short term with policies that drive delivery of these technologies and create demand through obligations on polluting industries, which will over time enable a competitive market to develop. Robust independent regulation must also be put in place from the start to help build public and investor confidence.

While the burden of these costs could be shared by different parts of industries required to pay for removals or in part shared with government, the report acknowledges that, over the longer term, the aim should be to have polluting sectors pay for removals they need to reach carbon targets.

Polluting industries are likely to pass a proportion of the costs onto consumers. While those with bigger household expenditures will pay more than those on lower incomes, the report underlines that government will need to identify ways of protecting vulnerable consumers and to decide where in relevant industry supply chains the costs should fall.

Chair of the National Infrastructure Commission, Sir John Armitt, said taking steps to clean our air is something we’re going to have to get used to, just as we already manage our wastewater and household refuse. 

"While engineered removals will not be everyone’s favourite device in the toolkit, they are there for the hardest jobs. And in the overall project of mitigating our impact on the planet for the sake of generations to come, we need every tool we can find," he said.

“But to get close to having the sector operating where and when we need it to, the government needs to get ahead of the game now. The adaptive approach to market building we recommend will create the best environment for emerging technologies to develop quickly and show their worth, avoiding the need for government to pick winners. We know from the dramatic fall in the cost of renewables that this approach works and we must apply the lessons learned to this novel, but necessary, technology.” 

The Intergovernmental Panel on Climate Change and International Energy Agency estimate a global capacity for engineered removals of 2,000 to 16,000 megatonnes of carbon dioxide each year by 2050 will be needed in order to meet global reduction targets. 

Yesterday Summit Carbon Solutions received "a strategic investment" from John Deere to advance a major CCUS project (click here). The project will accelerate decarbonisation efforts across the agriculture industry by enabling the production of low carbon ethanol, resulting in the production of more sustainable food, feed, and fuel. Summit Carbon Solutions has partnered with 31 biorefineries across the Midwest United States to capture and permanently sequester their CO2 emissions.  

Cory Reed, President, Agriculture & Turf Division of John Deere, said: "Carbon neutral ethanol would have a positive impact on the environment and bolster the long-term sustainability of the agriculture industry. The work Summit Carbon Solutions is doing will be critical in delivering on these goals."

McKinsey highlights a number of CCUS methods which can drive CO2 to net zero:

  • Today’s leader: Enhanced oil recovery Among CO2 uses by industry, enhanced oil recovery leads the field. It accounts for around 90 percent of all CO2 usage today
  • Cementing in CO2 for the ages New processes could lock up CO2 permanently in concrete, “storing” CO2 in buildings, sidewalks, or anywhere else concrete is used
  • Carbon neutral fuel for jets Technically, CO2 could be used to create virtually any type of fuel. Through a chemical reaction, CO2 captured from industry can be combined with hydrogen to create synthetic gasoline, jet fuel, and diesel
  • Capturing CO2 from ambient air - anywhere Direct air capture (DAC) could push CO2 emissions into negative territory in a big way
  • The biomass-energy cycle: CO2 neutral or even negative Bioenergy with carbon capture and storage relies on nature to remove CO2 from the atmosphere for use elsewhere

Share article