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Combating climate change via carbon credits | Autocar Professional

Baua Electric

In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.

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EIA projects US energy-related CO2 emissions to remain near current level through 2050; increased natural gas consumption

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Source: US Energy Information Administration, Monthly Energy Review, Annual Energy Outlook 2019 Reference case. Petroleum emissions from other sectors have fallen in recent years as equipment and processes that use petroleum fuels have been replaced by those using other fuels, in particular, natural gas.

Gas 220
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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. In the Reference case, all the growth in liquids use is in the transportation and industrial sectors. The use of liquids declines in the other end-use sectors and for electric power generation.

2010 317
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CRI awarded €1.8M EU grant to scale CO2-to-methanol technology

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The project is referred to as “CirclEnergy” as CRI’s technology is designed to support and enable the transition to circular economy. Hydrogen generation: Hydrogen can be generated by water electrolysis using MW-scale electrolyzer technology, utilizing renewable electricity to produce pressurized high purity H 2 and O 2 gases.

Grant 150
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EIA Energy Outlook 2010 Reference Case Projects Moderate Growth in US Energy Consumption, Greater Use of Renewables, and Reduced Oil and Natural Gas Imports

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Assuming no new policies, growth in energy-related CO 2 is driven by electricity and transportation fuel use. The reference case projections do not include the effects of potential future policies that have not yet become law—e.g., Shale Gas Drives Growth in Natural Gas Production and Reduces Reliance on Imported Gas.

Renewable 199
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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World marketed energy consumption is projected to grow by 44% between 2006 and 2030, driven by strong long-term economic growth in the developing nations of the world, according to the reference case projection from the International Energy Outlook 2009 ( IEO2009 ) released today by the US Energy Information Administration (EIA).

2006 150
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U-Mich researcher’s first-principles analysis challenges conventional carbon accounting for biofuels; implications for climate policy

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Nevertheless, biofuels are controversial because of the uncertainties that surround their net climatic benefits; the conditions that need to be met for beneficial biofuel systems; and differences in methods, data and assumptions used for evaluation. Capturing or avoiding release of CO2 when using carbon-based fuels onboard vehicles.

Climate 273