ENERGY TRANSITION & CLIMATE CHANGE SOLUTIONS: Oct 17, 2020

QUOTABLES:

The era of global oil demand growth will come to an end in the next decade. But without a large shift in government policies, there is no sign of a rapid decline.

Fatih Birol IEA executive director
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Today’s Headlines

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Main Headlines:

Hydrogen on the path to net-zero emissions

Costs and climate benefits

Hydrogen is increasingly being discussed as a promising fuel that could reduce the amount of fossil fuels burned in several sectors, such as transportation and heavy industry, and help move Canada toward its goal of net-zero carbon emissions by 2050. However, the climate advantage of hydrogen is highly dependent on how it is produced.

Before determining the role for hydrogen in decarbonizing Canada’s economy, it is important to understand the different types of hydrogen that can be utilized.

This primer examines basic properties of hydrogen, how it is produced, and the characteristics, costs (including current production costs in Canada), and carbon intensity of grey, blue and green hydrogen.
Any discussion of hydrogen must also be informed by an understanding of transportation and storage needs,
including infrastructure, mode of transportation,
and the state (i.e. gas or liquid) of the hydrogen being

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World News

Renewable power to spur energy transition

Strong growth of the renewable power sector will be a key driver of energy transition in China, according to BP Energy Outlook 2020, which was released recently.

The country is also expected to remain the world’s largest primary energy consumer despite slowing demand growth.

BP forecast that energy demand growth in China will slow dramatically compared to past trends, and the growth of industrial energy demand will be concentrated in the emerging world outside of China as energy-and labor-intensive industrial activities are being increasingly relocated from the developed world and China to lower-cost economies.

Analysts said the slowdown and much of the increase in energy demand outside of China reflect that the Chinese economy is shifting from the energy-intensive industry to service industries with lower energy intensity.

“The manufacturing sector takes up a smaller percentage of the consumption mix, as the country is shifting toward the services (sector)-led economy,” said Wei Hanyang, a power market analyst at Bloomberg New Energy.

BP said China’s energy demand is back to the levels seen in 2018, helped by accelerating gains in energy efficiency and a continuing shift in the structure of the economy away from energy-intensive industries.

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NEWS AND VIEWS FROM AROUND THE WEB ON ENERGY EFFICIENCY & TRANSITION

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