EIA and IEA are out with projections for emissions and fossil gas consumption. They usually don’t look good.
On our present coverage trajectory, there isn’t any peak in sight, in response to EIA By 2050, we are going to probably see a 50% improve in power consumption. And regardless that renewables would be the fastest-growing new supply of power, hydrocarbon liquid fuels will meet nearly all of demand.
Which means emissions might rise by 2050, absent large adjustments to coverage.
In July, the Worldwide Vitality Company issued an identical evaluation exhibiting that carbon emissions will hit file ranges within the coming years. And that spending packages world wide — even at historic ranges — are nonetheless not sufficient.
How will we make sense of this sobering evaluation?
Plus, Wooden Mackenzie is out with a brand new evaluation of worldwide power storage tendencies, exhibiting that storage deployments are set to triple this yr. Most of that progress is coming from America and China, which account for 70% of installations. What are the purposes, applied sciences and markets that may dominate this progress?
Lastly, Europe is in a disaster headed into winter. Pure gasoline is the second-most confused gas in Europe — and costs are 6 instances greater than they had been within the spring.
A confluence of things — quickly rising demand abruptly, decrease manufacturing than anticipated from Russia, low storage in Europe, lower-than-expected hydro and wind manufacturing — are contributing to the issue.
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