About this Discussion

The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure.
Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.

In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.

Energy

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Created a Post in Climate Change, Energy

People depend on water in so many ways. Rivers provide people with drinking water, irrigation for crops, habitat for fisheries, recreation opportunities like swimming and boating, and so many important cultural benefits. They also can provide a tremendous amount of energy through hydropower.

Hydropower dams can play an important role in helping developing economies transition to a cleaner energy system that also meets the needs of their people. But the environmental externalities — the side effects — of dams can be catastrophic.

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https://naturalcapitalproject.stanford.edu/news/green-economies-can-flow-strategic-hydropower

The IEA's recent "Net Zero by 2050" report designated Carbon Capture and Sequestration (CCS) as one of seven pillars needed to achieve mid-century climate neutrality and limit global heating. Can CCS really be used as the technological fix to mitigate climate change while many oil and gas industries are using the technology to produce more fossil fuels?

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https://www.dw.com/en/carbon-capture-climate-solution-or-prolonging-humanitys-fossil-fuel-dependency...

Interesting article in the Guardian that highlights the delicate politics that can make or break real progress on achieving net zero emissions by 2050

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https://www.theguardian.com/world/2021/jun/11/g7-leaders-face-make-or-break-moment-in-climate-crisis
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Created a Post in Energy

The Biden administration set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause climate change.

The Department of Energy (DOE) set a goal for hydrogen made with clean power, such as renewables and nuclear energy plants, by 80% to $1 per kilogram in a decade.

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https://www.reuters.com/business/environment/us-seeks-less-costly-clean-hydrogen-climate-fight-2021-...
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Created a Post in Climate Change, Energy

The Biden administration on Tuesday suspended oil drilling leases in the Arctic National Wildlife Refuge.

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https://www.nytimes.com/2021/06/01/climate/biden-drilling-arctic-national-wildlife-refuge.html
Closing:
Clean Energy Ministerial

The Clean Energy Ministerial (CEM) is now accepting entries for its 2021 Energy Management Leadership Awards. Organizations certified to ISO 50001 are invited to submit case studies for recognition. Read More

Why a circular economy is key to addressing climate change? The Ellen MacArthur Foundation has launched a new paper, in collaboration with Material Economics, revealing the need for a fundamental shift in the global approach to tackling climate change and relying solely on renewable energy is not enough.

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https://www.ellenmacarthurfoundation.org/assets/downloads/Completing_The_Picture_How_The_Circular_Ec...
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Created a Post in Energy, Climate Change

The IEA released a roadmap for realizing net-zero carbon dioxide (CO2) emissions in the energy sector by 2050. The new net-zero model signals a critical shift in the IEA’s ambition, moving the yardstick for achieving net-zero emissions two decades earlier.

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https://www.wri.org/insights/5-things-know-about-ieas-roadmap-net-zero-2050