Fellows

Our 3rd #Covid19 #China #Energy Impact Tracker is out! Key Findings:1️⃣ Positive shock waves sent due to #carbonneutrality pledge. 2️⃣ In 2020 all forms of energy demand grew, including coal. 3️⃣ Impacts on China’s #energysector & geopolitics expected. More: bit.ly/3n9Mx8W

Die @IEA geht davon aus, dass die THG #Emissionen 2021 wieder kräftig ansteigen könnten. Aktuelle Prognosen belaufen sich auf ganze 1,5 Gigatonnen CO2. 👇 twitter.com/fbirol/status/…

This policy package should come in the form of a #CleanIndustryPackage and be integrated into the EU Commission’s #Fitfor55 package. EU industry is ready, but needs the regulatory framework to kickstart the transition. /11 pic.twitter.com/5LgKbz79gX

For that policy instruments along the entire value chain are needed: Upstream they need to address #infrastructure & clean #H2 supply; midstream they need to cover the add. costs (e.g. CCfD) & protect from #carbonleakage; downstream they need to establish green lead markets. /10 pic.twitter.com/C8BiLO3lBC

EU #Industry is at the crossroads: there’s no business case for reinvesting into CO2-intensive technology due to risk of carbon lock-in and stranded assets. Only with an ambitious policy framework under #EUGreenDeal can EU production capacities and jobs be maintained. /9 pic.twitter.com/xyQ6tVYlnb

But these breakthrough technologies currently do not have a business case. Why? 1️⃣They are more expensive than conventional #CO2-intensive technologies.2️⃣Expected CO2 price levels until 2030 are not sufficiently high for most of them /8 pic.twitter.com/6gHJiY1gyH

145 Mt CO2 reduction by 2030 can be achieved by deploying breakthrough technologies such as #DRI, #Power-to-Heat, #H2 and #CCS in the #steel, #chemicals and #cement sectors. This is already 1/3 of the total emissions of those 3 so-called “hard-to-abate” sectors by 2030! /7 pic.twitter.com/zxTLe7FDuG

Besides: What does the new EU 2030 #climatetarget of -55% mean for the sectors covered by the EU #ETS? The heavy lifting of CO2 reduction will be done by the power sector (> accelerated coal phase-out). But ETS industry sectors also need to reduce #emissions by ~140 Mt CO2. /6 pic.twitter.com/dICncLQG0i

The situation is urgent: ~50% of blast furnaces (#steel) and steam crackers (#chemicals) as well as 30% of #cement kilns will reach their end-of-life by 2030. The reinvestment decisions will affect hundreds of thousands of jobs. /5 pic.twitter.com/wrtm4Vr7xF

#Climateneutrality 2050 is only one investment cycle away. Because of extensive industrial asset lifetimes, today’s investment decisions must already be compatible with climate neutrality. /4 pic.twitter.com/HWD9nW70A1