Jake Oster’s Post

Our Head of Partnerships and Policy lead Giacomo Bravaccini has been featured in a guest article on the Emissions First Partnership, about our latest paper. Displacing Emissions: The Role of Market Boundaries in Enhancing Voluntary Corporate Renewable Energy Impact Check out the full whitepaper in comments! #whitepaper #ghgprotocol

“Heavy dependence on Carbon Capture and Storage (CCS) to reach net zero targets around 2050 would be “highly economically damaging”, costing at least $30 trillion more than a route based primarily on renewable energy, energy efficiency and electrification, a new report from Oxford University’s Smith School of Enterprise and the Environment has found.” Based on the latest technology cost data, it concludes that the high-CCS route would cost approximately one trillion dollars per year more than the low-CCS route - a total additional cost of about $30 trillion by 2050. The researchers believe this is almost certainly an underestimate of the real difference.

BaroMar is developing a large-scale, long-duration energy storage pilot project underwater off the coast of Cyprus is a bold move that could significantly contribute to sustainable energy solutions. By leveraging existing technology and the hydrostatic pressure of seawater, they're aiming for cost-effectiveness and environmental friendliness. The focus on achieving a round-trip efficiency of up to 70 percent is ambitious and crucial for ensuring the viability of the project. With intermittent renewable sources like wind and solar becoming more prevalent, effective energy storage solutions are increasingly vital for maintaining grid stability. Furthermore, situating the project underwater has its advantages, potentially reducing installation costs and environmental impact compared to land-based storage solutions. This could be particularly beneficial for coastal regions like Cyprus, where land space might be limited or environmentally sensitive. https://lnkd.in/gvzxsNhs

Did You Know? Limiting global average #temperature rise to 1.5oC in comparison to pre-industrial era by 2050 through massive deployment of #EnergyTransition technologies will result in the creation of 140 million jobs globally Source: International Renewable Energy Agency

IMPORTANCE OF RENEWABLE ENERGY Renewable energy is crucial for our future for a number of reasons: Environmental Benefits: Fossil fuels, like coal and oil, release greenhouse gasses that contribute to climate change. Renewable energy sources, like solar and wind, produce little to no emissions, helping to combat climate change and air pollution. Sustainability: Fossil fuels are a finite resource, meaning they will eventually run out. Renewable resources, like sunlight, wind, and geothermal heat, are constantly replenished. This means we can rely on them for generations to come. Energy Security: Many countries rely on other nations for fossil fuels. This dependence can create political and economic instability. Renewable energy sources can be harnessed domestically, which increases energy security and independence. Economic Benefits: The cost of renewable energy technologies is constantly decreasing, making them a more affordable option. Additionally, renewable energy creates new jobs in manufacturing, installation, and maintenance. Public Health: Burning fossil fuels releases harmful pollutants into the air, which can cause respiratory problems and other health issues. Renewable energy sources have minimal impact on public health. In conclusion, renewable energy is essential for a cleaner, more sustainable future. It can help us reduce our reliance on fossil fuels, improve air quality, and create a more stable energy future.

Subsidies and incentives are critical for a carbon free energy ecosystem. Renewable energy is about 60 years behind hydrocarbons. That's a huge gap in economics to close, and we have little time. The Energy Transition won't be cheap, or even profitable in the short term, but that's never been why it's important.

🌍 Renewable energy is on the rise in Europe! But how much progress are we really making? 🚀 The EU's renewable energy share hit 23% in 2022, a notable jump from the previous year. But with ambitious targets set for 2030, the journey is far from over. 🔋 What’s driving this growth? 🌞 How are high energy prices influencing the shift? ⚡ Explore the facts, figures, and future of renewable energy in the EU below 👇 Source: European Environment Agency

🛳️Shipping decarbonisation could create up to four million green jobs. 🌍The demand for e-fuels is projected to exceed 500 million tonnes by 2040, necessitating an additional 2TW of renewable energy generation capacity. 📣 Maritime transition is a trillion-dollar market opportunity. Future looks bright. We are moving in the right direction. #shipping #infrastructure #decarbonisation #green #renewable #legal

The renewable energy sector is constantly experiencing rapid growth, driven by increasing demand for sustainable energy solutions and decreasing technology costs. However, the transition to a low-carbon economy requires significant investment, making financiers crucial to the sector's success in terms of project funding, innovation, risk management and energy transition. The need for financiers in the renewable energy sector is clear as they enable development of the sector. As the world continues to transition to a low-carbon economy, the role of financiers will only become more important and in high demand. I have in recent times, negotiated transactions involving Renewable Energy Companies and financiers in order to provide a sustainable environment devoid of air pollution. While priority is on making energy avoidable, having a sustainable environment good for human habitation is also a focus.