Rick Gill’s Post

Triple crisis: balancing supply, price and #climate ▶️ There are no easy solutions in #energy, only trade-offs. And so, as we continue to move towards #cleanenergy, we must be realistic. ▶️ https://lnkd.in/dk-CR-Yf #NGW #GasInTransition

Doubling the pace of efficiency improvements this decade is crucial to meet climate goals. As energy demand increases due to record heat and growth in energy-intensive industries, global commitment is needed to accelerate progress. Check out the link below for more information. https://lnkd.in/gfKyCK5Q #energyefficiency #climatechangemitigation #energyreduction #industrialenergy

Alternative energy sources have very low carbon dioxide (CO2) emissions and a very low impact on the environment, meaning they could play a vital role in combating climate change. So, we had to ask: What is the history of alternative energy? 👇 https://lnkd.in/gB8mXvZp #climateaction #history #alternativeenergy #sustainableenergy #fightclimatechange

Battery Storage Capacity must increase by 6 x faster to meet Global Climate Goals. "To meet clean energy and net-zero targets by 2030, as set during COP28, the International Energy Agency (IEA) says that rapid expansion of battery storage capacity is necessary. According to the agency, a rollout of batteries needs to increase six-fold compared to current rates in order to meet global climate goals" #batterystorage #Climate #ClimateGoals https://lnkd.in/gg9MQBB8

As the effects of climate change mount, high-carbon energy sources continue to provide most of the world’s power. Trace trends in energy use across the globe: https://lnkd.in/d_6sG5sv

February 21, 2024 - BY: ADAM ATON- E&E News, "A slump last year for #windpower came as other green sectors saw progress. --- CLIMATEWIRE | The power sector is flashing warning signs for U.S. #climategoals, according to a new analysis that finds wind energy deployment lags what experts anticipated under the Inflation Reduction Act. The United States connected wind energy to the grid last year at a slower pace than during the Trump administration, despite President Joe Biden’s financial and administrative support for renewables. The slump — due in part to higher borrowing costs and supply chain snags — risks putting U.S. #climatetargets out of reach unless #windenergy rebounds quickly from a year of canceled projects Other green sectors fared better last year, according to the report released Wednesday. Electric and hybrid vehicle sales registered at the top end of forecasts, despite concerns that consumers are cooling on them. Utility-scale solar and storage deployment also remained on track. “The only dark spot — which unfortunately has a material impact on the #powersector — is wind,” said Anand Gopal, executive director of policy research at Energy Innovation: Policy and Technology, one of the groups involved in the analysis. “Everything needs to go right for us to be able to hit these huge reduction targets the U.S. has set for itself,” he said. “And even one thing struggling, like wind, can throw us off trajectory. So that’s the challenge we have.” The analysis — with modeling by Rhodium Group, Energy Innovation and the REPEAT Project at Princeton University — is based on data tracked by the Clean Investment Monitor, a joint project by Rhodium and the Massachusetts Institute of Technology’s Center for Energy and Environmental Policy Research. It found the U.S. grid added 6.3 gigawatts of net summer capacity for #windenergy last year. That’s down from a peak of 14.6 GW on new wind capacity in 2020, as well as the 6.9 GW added to the grid in 2018. “That is a worrying trend,” Gopal said, explaining that the Inflation Reduction Act has transformed the economics of #renewableenergy, but those projects still face bottlenecks in the transmission network as well as supply chain challenges, along with issues with permitting and siting. Solar capacity, by comparison, rose 18.4 GW last year — in line with projections by REPEAT and Energy Innovation, but short of Rhodium’s expectations. The grid also added 6.4 GW of battery storage. In total, 32.3 GW of zero-carbon capacity was added to the grid last year. That’s less than all three modeling groups found necessary; staying on Biden’s decarbonization pathway requires an average of 46 to 79 GW in new capacity annually for 2023 and 2024. That means very strong renewable deployment this year could keep the U.S. on track, according to the analysis, but early indications are dicey: It will take a minimum of 60 GW of new zero-carbon capacity in 2024.." #energytransition #climateaction Continue reading

Forces the question of whether we are investing and spending climate tech capital in the most productive, pragmatic ways we can. "Even the fossil mix is getting worse; #oil was up even faster than total fossil consumption, and demand passed 100 million barrels a day for the first time. #Coal also hit a new record, and carbon emissions from energy consumption are up by 50 percent since the turn of the century. The fossil share of primary energy slipped by 0.4 percent, to 81.5 percent, but the climate doesn’t care about percentages; it cares about volumes." https://lnkd.in/eMCg8cwt

🔌 Building a Resilient Future: Addressing Grid Challenges Amid Climate Change 🌍 As climate change intensifies, our power grids face unprecedented stress from extreme weather events. This article underscores the urgency of fortifying our energy infrastructure to ensure reliability and resilience. Embracing these changes is vital for maintaining stable power supplies, supporting sustainable growth, and protecting our communities. #ClimateChange #EnergyInfrastructure #GridResilience #Sustainability #RenewableEnergy #FutureOfEnergy #EnergyTransition #GridStability #CommunitySafety #CleanEnergy #GreenTech #ClimateAction #SustainableFuture https://lnkd.in/eXy5GEZg

Decarbonising heat is the challenge of the next decade: The incoming Commissioner for Energy must be tasked with delivering the clean heat transition: phasing out fossil fuels in heating and cooling is the gateway towards energy security, affordability, European industrial competitiveness, and essential climate action.

A new report urges key countries to accelerate wind and solar energy expansion to meet 1.5°C climate targets, calling for a five-fold increase by 2030 to combat rising temperatures. https://lnkd.in/gUABnP6e