Energy Magazine November 2021 | Page 10

Decarbonisation pledges ‘ fall far short ’ warns EPC report
Oil and gas prices surge to new highs

THE BRIEF

“ We can ' t solve climate change without first addressing our addiction to fossil fuels ”

BY THE NUMBERS

The big figures at COP26

David Flood UK Country Manager , Statkraft �
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Goal : to secure global net zero by mid-century and keep 1.5 degrees within reach

1.5 ° C

Goal : to deliver on net zero and protect communities we need at least this amount spent on climate finance per year

$ 100bn

" Realistically , hydrogen infrastructure is coming and we expect it to have deployed sufficiently to provide adequate if not ubiquitous coverage ”
Tom Mason CEO , Bramble Energy �
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Themes : Clean energy ; Adaption and Resilience ; Energy transition in transport ; Nature-based solutions ;
finance .

5

Find out more about COP26 �
1,2,3 Scope : relates to the way businesses have to define their GHG emissions . 1 means direct from sources owned ; 2 means indirect from energy that ’ s purchased ; and 3 refers to all other emissions associated with a company ’ s activities ..
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“ Industrial decarbonisation is realised through bitby-bit application of diverse technologies that are unique to specific industries and their core processes ”
Runeel Daliah Senior Analyst Lux Research �
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Decarbonisation pledges ‘ fall far short ’ warns EPC report

Current national decarbonisation pledges fall far short of those needed to prevent global warming from exceeding 1.5 ° C above pre-industrial levels , according to a new report .

Oil and gas prices surge to new highs

The rise in energy prices shows no signs of abating with oil jumping to three-year highs , raising inflationary pressures and sending Eurozone bond prices upwards .
10 November 2021