Dataking Consulting’s Post

Electricity is the lifeline for a modern economy. At the same time, the power sector is the world’s main source of greenhouse gas emissions. For policymakers, carbon pricing stands out as one of the most potent tools available to reduce emissions in the power sector. Getting it right can influence everything from power generation options to investment decisions and customers’ behaviours. #GHGs #Decarbonization #PowerPolicy #WorldBank

Carbon pricing in the power sector - Role and design for transitioning towards net-zero carbon development Electricity is the lifeline for a modern economy. At the same time, the power sector is the world’s main source of greenhouse gas emissions. Limiting the worst effects of a changing climate requires that the supply of clean electricity grows rapidly. This presents challenges as the power sector is technologically complex and requires costly infrastructure development. The sector is also highly regulated and dependent on domestic natural resources and fluctuating international commodity markets. For policymakers, carbon pricing stands out as one of the most potent tools available to reduce emissions in the power sector. The EU and the UK are prime examples of how carbon taxes and cap-and-trade systems can help significantly advance the decarbonization of the power sector. However, the path to implementing carbon pricing in low- and middle-income countries is fraught with challenges, including financing obstacles, the urgent need to boost supply, and social priorities different from those of more advanced economies with more carbon pricing experience. Predictable carbon pricing can help attract private sector investment in cleaner technologies. In capital-intensive sectors like the power sector, both investors and policymakers need long-term plans for decarbonization based on clear and credible communication on carbon price evolution. #Carbonpricing #Carbonfootprint #Decarbonization #ClimateactionNow #ClimateChange

Visualized: The Price of Carbon Around the World in 2024 🌍️ In partnership with National Public Utilities Council, this visual is a part of our Decarbonization Channel—shining a light on the progress toward net zero goals in the U.S. 🍃 https://lnkd.in/gbZ2EXHY #greenhousegasemissions #carbontax #carbonpricing #decarbonization

Another great opportunity to hear an opinion around navigating the energy transition. Eamonn’s view that it needn’t be complex resonates with me. Put simply, we must develop practical pathways to reduce the carbon intensity of the energy we produce as quickly as possible.   Want to discover how Wood is enabling this? Listen below, and discover how Wood can help you bring your carbon reduction goals off the page and into practice👇  #CCS #Carbon #Emissions  

Navigating the energy transition shouldn’t be complex.   Put simply, we must develop practical pathways to reduce the carbon intensity of the energy we produce as quickly as possible.   Want to discover how Wood is enabling this? Listen below, and discover how Wood can help you bring your carbon reduction goals off the page and into practice👇  #CCS #Carbon #Emissions  

Navigating the energy transition shouldn’t be complex.   Put simply, we must develop practical pathways to reduce the carbon intensity of the energy we produce as quickly as possible.   Want to discover how Wood is enabling this? Listen below, and discover how Wood can help you bring your carbon reduction goals off the page and into practice👇  #CCS #Carbon #Emissions  

The #ChemicalsIndustry contributes to about 95% of manufactured products, with growing economies and populations. The industry plays a vital role in the global shift to a #LowCarbon economy. The sector is also one of the largest contributors to global #greenhouse gas emissions, accounting for 30% of total industrial energy use, 14% of total industrial #CO2Emissions, and producing the third largest industry direct CO2 emissions. Our dss+ white paper with #GPCA, explains how #decarbonisation can turn #risks into opportunities. It also offers essential guidance for the industry's path to net zero, outlining key steps for implementation. Learn more here: https://lnkd.in/d9ZYkBiZ

💡 I recently learned about the scope definitions under the GHG Protocol, a global standard to measure and manage greenhouse gas emissions, which defines the three types of carbon emissions. The three scopes are as follows: 🔴 Scope 1: Direct emissions from sources owned or controlled by an organisation. This includes emissions from company vehicles, factories, and on-site fuel combustion. 🟡 Scope 2: Indirect emissions from the generation of purchased energy, such as electricity, steam, heating, and cooling. Despite the energy being produced off-site, the organisation utilising it is responsible for its consumption. 🟢 Scope 3: All other indirect emissions throughout the value chain, both upstream and downstream. This includes emissions from business travel, purchased goods, product use, and even end-of-life disposal. These definitions provide a good framework to examine the "carbon impact" of an organisation. An article for more in-depth definitions of these scopes is linked below. https://lnkd.in/gwAH8mxx Image source: ClimatePartner

Energy Saving Week is here! 🌍 With the energy price cap rising this January, it's crucial to consider how we can all save on energy costs during these cold months. At Path Financial, we are committed to sustainable investing and reducing reliance on fossil fuels. By making energy-efficient choices, you can lower your bills and contribute to a greener future. Learn about how Path Financial can help you invest in a sustainable future 👉 https://buff.ly/47Jglzl #bigenergysavingweek #pathfinancial #sustainableinvesting #energyefficiency #greenfuture