McKinsey Global Institute’s Post

➡️ Managing renewables variability ➡️ Loading up on electric trucks ➡️ Furnacing low-emissions steel ➡️ Unearthing critical minerals Explore the 25 physical challenges to tackle to advance the energy transition 👉 mck.co/physicaltransition

➡️ Managing renewables variability ➡️ Loading up on electric trucks ➡️ Furnacing low-emissions steel ➡️ Unearthing critical minerals Explore the 25 physical challenges to tackle to advance the energy transition 👉 mck.co/physicaltransition

Here’s the biggest argument I can think of in favour of renewables and working towards net zero: One day, the world will run out of fossil fuels - such as coal, oil and gas. With that in mind, we can either continue to develop and deploy technologies now to wean us off of these fuels, and leave some in the ground for potential future eventualities where they may be needed in an emergency. Or… we can keep extracting them and burning them and only develop and deploy these technologies when civilisation is teetering on the brink of an energy disaster. Based on this alone - we should continue to develop and deploy renewable technologies and bring human activity as close to net zero, or carbon negative, as we can. Throw into the mix the damage that the extraction and burning of these one-time-use fuels is doing to us and the planet, and it becomes abundantly clear to me that net zero is the only viable way forward. And that working towards that goal now is in the best interested of everyone and everything on Earth.

Cost of Steel Production Via Conventional and Decarbonised Routes The IEA estimates that #carbon #capture-based routes have the potential for significantly lower production costs than the #hydrogen-DRI route, although such comparisons are highly sensitive to the future cost of #green #hydrogen, which will in turn depend on the speed and scale of renewables deployment (Figure 3) Source: Transforming the European Steel Sector to Net Zero  https://lnkd.in/ghagxKjM

"The UK’s transition away from coal is a powerful example of how decisive government action can drive a rapid shift to cleaner energy," said Faraz Khan MBE, CEO & Partner at #Spectreco. "With the Climate Change Act of 2008 and a robust carbon pricing system, the high cost of coal made it impossible for coal plants to compete with renewables like wind and solar. This strategic move not only accelerated the growth of renewables but also set the stage for a sustainable energy future." As more countries look to phase out coal, the UK’s success highlights the importance of strong policies and economic incentives in making renewables the new standard. Read more: https://lnkd.in/dcMfhNvv #CleanEnergy #ClimateAction #CarbonPricing #NetZero #EnergyTransition #Sustainability #Renewables #COP30

When there is no more oil to drill, natural gas to frack or coal to mine, the sun will still have billions of years of energy in it. The biggest advantage of solar investing is the fact that it's sustainable. https://lnkd.in/g__sbzwV #solarinvesting #sustainable

When there is no more oil to drill, natural gas to frack or coal to mine, the sun will still have billions of years of energy in it. The biggest advantage of solar investing is the fact that it's sustainable. https://lnkd.in/g__sbzwV #solarinvesting #sustainable

When there is no more oil to drill, natural gas to frack or coal to mine, the sun will still have billions of years of energy in it. The biggest advantage of solar investing is the fact that it's sustainable. https://lnkd.in/g__sbzwV #solarinvesting #sustainable

Which of the following is true? #ExxonMobil: a) pledges to eliminate its carbon emissions by 2050. b) is dramatically increasing its #oilandgas production. c) invests vastly more capital in fossil fuel development than in #carbon emission reduction. If you answered “all of the above,” congratulations! You have mastered the Big Oil #climate double-speak: a bizarre aglomeration of nonsense and greenwashing that promises everything and nothing at once. A world where “carbon #emissions” means whatever they need it to be at any given time and any investment in #renewables is just a facade.

🚨 End of an Era: UK Officially Ends Coal Power Production 🚨 Yesterday may go down in history as an underrated landmark event for not just the UK but for the world but we cannot underestimate its importance. The UK's last remaining coal power station has ceased operations, marking the end of 142 years of coal power production. This milestone signifies the UK’s transition to cleaner energy and highlights its leadership in reducing carbon emissions. The UK was the first country to industrialize with coal, the UK’s shift away from this fuel source is a historic and global benchmark for sustainable energy practices. 🌍 Eurosite Power stands ready to support this new chapter with innovative renewable energy solutions for businesses. Read more about this on our website: https://lnkd.in/edZFe2gs #CleanEnergy #Sustainability #RenewableEnergy #GreenTransition #UKMilestone #Decarbonsiation #CoalUK