Strike Energy’s Post

🚆Energy use in transport is only set to rise in the upcoming years, as the demand for transport rises. However, renewables only make up 4% of the total energy consumed in transport, as per the Renewables in Energy Demand Module of the REN21 Renewables 2024 Global Status Report #GSR2024. We are at serious risk of a growing dependence on fossil fuels, with the transport sector already responsible for over 20% of global emissions. But decarbonising the sector comes at a cost. 🚛 While the transport sector currently receives around 29% of climate finance, it faces the largest investment gap of any sector. Low-emissions transport solutions will cost an estimated USD 2.7 trillion annually between now and 2050 - an amount that constitutes seven times the current transport spending. At COP29, it is crucial that countries mobilise funding for renewables-based transport to - 👉🏼Drastically reduce emissions and energy demand from land transport 👉🏼Improve access to integrated land transport systems 👉🏼Double the share of energy efficient and fossil-free forms of transport Check out REN21 and SLOCAT’s joint call for #FossilFreeTransport here: https://lnkd.in/eyQbABhA And find SLOCAT's Action For Finance here - https://lnkd.in/dk33c5th SLOCAT Partnership on Sustainable, Low Carbon Transport | #RenewablesNow #ChooseRenewables #REbootTheWorld #TransportDay #Cop29

Thanks to Alicia Eastman (InterContinental Energy), Francois Dao (EDF Renewables Middle East), Kevin Lynch (Source Galileo), Gayle Schueller, PhD (3M) for being lively and insightful panellists, making my role as moderator particularly easy. I have brutally summarised the dicussion here below; feel free to add or correct me as you wish ! The audience poll placed the cost of transportation and storage as the main area to focus on to unlock the hydrogen economy, with hydrogen cost production a close second. The panel partially agreed (and partially disagreed), highlighting the need for a multifaceted approach: technological advancements, economies of scale, innovative financial structures, supportive government policies, and efficient transportation and storage solutions. Production Technology: New materials and innovations in the design of electrolysers are essential to improving efficiency and reducing costs. Economies of Scale: - Building large-scale production facilities in regions with cheap and abundant renewable energy sources, such as coastal deserts, can lower production costs. - Integration of renewables with hydrogen production helps in achieving economies of scale, particularly in regions with rich solar and wind resources. Finance: Project finance structures and leveraging export credit agencies (ECAs) can help mitigate financial risks associated with hydrogen projects. ECAs provide not only equipment financing but also commercial insurance, which can significantly aid in de-risking projects and securing capital. Government Incentives and Policies - Subsidies and regulations that support the uptake of green hydrogen can drive demand and make production more cost-effective. - Contracts for Difference (CfDs) can provide financial certainty and stability, encouraging investment in hydrogen production facilities. Transportation and Storage: Developing efficient transporting and storing solutions is essential to connect supply and demand at scale. Using ammonia as a carrier, can reduce costs. Other storage and transportation solutions, including liquid organic hydrogen carriers, can also contribute to cost reductions. #COP29 #ClimateAction #InnovationZone #HTS24 Net Zero Technology Centre #Hydrogen

🇵🇹🌱 Portugal has proudly positioned itself among the nations with the best climate performance, ranking 15th in the CCPI - Climate Change Performance Index. This achievement reflects its strong commitment to sustainability and innovation. 🇵🇹 🌱葡萄牙在气候变化绩效指数（CCPI）中名列第 15 位，跻身气候绩效最佳国家行列。这一成就反映了葡萄牙对可持续发展和创新的坚定承诺。 📈 A remarkable reduction in greenhouse gas emissions made Portugal the 5th EU country to achieve significant emission cuts while maintaining economic growth. 📈 温室气体排放量显著减少，使葡萄牙成为第 5 个在保持经济增长的同时实现大幅减排的欧盟国家。 A solid strategy for renewable energy, targeting over 80% electricity production from renewables by 2030, showcasing leadership in solar, wind, and green hydrogen initiatives. 🌞💨💧 坚实的可再生能源战略，目标是到 2030 年 80% 以上的电力生产来自可再生能源，展示了在太阳能、风能和绿色氢能倡议方面的领先地位。🌞💨💧 This success underlines Portugal's role as a model for balancing economic development with environmental responsibility. 这一成功彰显了葡萄牙在平衡经济发展与环境责任方面的典范作用。 Learn more 👉 https://ccpi.org/ #environment #climatechange #solar #win #greenhydrogen #renewables #economy #growth #goals #greenhouse #cooperation

Another great read from the team at REN21 around the decarbonisation of transport…. The numbers are eye watering but in order to decarbonise the work needs to start now #REN21 #DecarboniseTransport

éthica capital talks about the rising opportunities and challenges in the landscape of Australia's transition towards renewables. Sign up to éthica capital newsletter via https://lnkd.in/d5HGcsQy for various articles on capital markets. Chloé Argyle Riddhesh Chandwadkar #ethicacapital #greenfinance #greenbonds #sustainablity #climatechange #blueinfrastructure #climatefinance #sustainablefinance #structuredfinance #sustainabilitybonds #sustainabledevelopment #sustainableenergy #sdg #sdgs2030 #sustainabledevelopmentgoals #unitednations #decarbonisation #netzerocarbon #cleanenergyfuture #infrastructurefinance #carbonneutral #esg #infrastructure #esginvesting #bonds #BeTheChange

🌍🌱The recent discussions at the UK100 Energy Summit highlighted the urgent need for cleaner, more sustainable energy solutions—and HVO (Hydrotreated Vegetable Oil) is playing a key role in this transition. HVO fuel offers up to 90% lower greenhouse gas emissions compared to traditional diesel, making it a game changer for industries like transport and logistics. At Aim Recruit, we are proud to be part of this movement by providing the top talent to drive this shift towards greener solutions. Our clients are increasingly adopting HVO fuel for their operations, and we are committed to supporting them by recruiting professionals who are skilled in this new energy landscape. Together, we can power a cleaner, more sustainable future. 🌱 #Sustainability #HVOFuel #GreenEnergy #EnergyTransition #UK100 #LiquidFuels #CleanEnergy

COP28 calls for the world to triple its clean energy capacity by 2030. How can buyer-aggregated Virtual Power Purchase Agreements (#VPPAs) help achieve this goal? Last week, SR Inc. tackled this question at the 2nd Net Zero Energy Sourcing & Power Purchase Agreements Summit in Berlin. They set the conference abuzz over VPPA 2.0: a transaction that convenes high-credit corporate buyers to procure clean energy at better terms and lower risk than they could manage alone. Reflecting on the event, CEO & Chairman James Boyle concluded: "It was outstanding to share what has worked so well for dozens of SR Inc.'s Member-Clients to optimize both the process and the transaction structure of aggregated Virtual Power Purchase Agreements (VPPA) to create VPPA 2.0. For the first time, dozens of top European developers and corporate buyers learned about the Reverse Auction process at the heart of VPPA 2.0. The process burdens the service provider to organize and commoditize the buyers' aggregated requirements to provide those buyers with an auditable, risk assessment-based procurement process. SR Inc. clients have used VPPA 2.0 to cause nearly a GW of new clean energy. In doing so, they have helped democratize utility-scale clean energy for the 95+% of corporate buyers that cannot cause it independently. And they have enabled a new and needed way for companies to come together to help accelerate towards COP28's goal of increasing the deployment of renewables 3X globally by 2030." Many thanks to Future Bridge Events for organizing the event. We hope to continue the conversations that Berlin began! #CleanEnergy #Decarbonization #2NETZEROPPA2024 #VPPA2.0

United H2 Limited is delighted to see the release of 'The 2024 Corporate Climate Pivot', which outlines a pathway to achieving net zero. The statement, championed by Bill Gates, demonstrates how major corporations, governments and technologists are joining forces to tackle climate challenges through practical, scalable solutions. With over $3.5 billion committed by Breakthrough Energy Ventures (Bill Gates's clean energy investment firm) across 110 companies, this initiative underscores the importance of both established and emerging technologies in reducing emissions. United H2 Limited fully supports this vision and is committed to advancing its hydrogen and renewable energy projects. Key Points: Scaling Renewable Electricity: Gates emphasises that renewable electricity is essential for achieving net zero. United H2 Limited is advancing waste-to-energy and green hydrogen projects using renewable electricity to produce clean hydrogen. Hydrogen for Decarbonising Key Sectors: Hydrogen will be crucial in decarbonising transport and heavy industry. UHL is focused on delivering hydrogen-powered commercial vehicle fleets to address emissions in hard-to-abate sectors, a vital step toward a clean energy economy. UHL also plans to provide hydrogen equipment to support heavy industry such as steel & iron production. Building Collaborative Ecosystems: Breakthrough Energy’s approach to partnerships mirrors UHL’s strategy of forming a strong network to expand hydrogen production and renewable energy capabilities, supporting both local and global markets. UHL has projects across Europe, North America, Latin America, Asia, the Middle East, and the United Kingdom. United H2 Limited looks forward to working alongside its partners to accelerate the clean energy transition, creating a sustainable future through hydrogen and renewable energy solutions. Click the link below to invest in United H2 Limited and its mission to deliver hydrogen projects and technologies worldwide. Invest Now 👉 https://lnkd.in/gPNgAJen #CleanEnergy #Hydrogen #RenewableEnergy #GreenHydrogen #SustainableEnergy #GreenEnergy #HydrogenFuel #EnergyInvestment #HydrogenEconomy #SolarEnergy #HydrogenTechnology #finance #HydrogenFuture #fuelcells #HydrogenCars #HydrogenRevolution #SustainableInvestment #HydrogenPower #ClimateAction #EcoInvesting #HydrogenVehicle #GreenInvesting #innovation #impactinvesting #CleanTech #IPO #capital #equity #ECM #capitalraise

BRINGING NEW ENERGY TO THE HUNTER - #NZEA CAMPAIGN Across Australia, governments, businesses and communities are working together to reach net zero emissions by 2050. Net zero is a term we're hearing more and more, but what does it actually mean? Simply put, net zero means balancing the amount of greenhouse gas emissions that go into and are removed from the atmosphere. In order to meet our 2050 net zero goals, Australia is undergoing a major economic transformation. This includes building new green industries of the future, like hydrogen and advanced manufacturing, and decarbonising our important sectors like mining and agriculture. We are also building renewable energy generation and storage projects like wind, solar and batteries to provide more affordable, cleaner energy for local households and businesses. This transformation is creating new jobs, investment and growth opportunities for the future. To learn more about Australia's journey to net zero, visit https://lnkd.in/gvwswJpb #NZEA #NewEnergy

The global clean energy transition is outpacing almost all projections, according to a new analysis by nonprofit research group RMI, which says the goals of the Paris Agreement remain “feasible” despite widespread scepticism.... Among other findings, RMI says cleantech costs have fallen by up to 80% over the past 10 years, spurring a near tenfold increase in investment and twelvefold surge in solar generation. Meanwhile, “the deep force of efficiency”, combined with advances in electrification, has reduced energy demand by a fifth. As a result, additions of fossil fuel-based electricity capacity peaked in 2010, oil and gas capital expenditure peaked in 2014, and internal combustion engine (ICE) car sales have declined from their highs of 2017. Fossil fuel demand peaked in the industrial sector in 2014 and in the buildings sector in 2018, RMI says. https://lnkd.in/gjehEESc