New Energy World™
New Energy World™ embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low-carbon technologies.
Decarbonisation throughout the value chain
19/4/2023
6 min read
Feature
Only a combination of decarbonisation approaches applied across the value chain will help industries and countries reach ambitious net zero targets, writes Chris Poynter, President at ABB System Drives. Electrification and improved energy efficiency will be the key approaches.
The decoupling of the global economy from fossil fuels is certainly necessary. However, it is a multi-faceted process, and far easier said than done.
Decarbonisation must drive the transition, particularly across carbon intensive sectors such as electricity generation, manufacturing, agriculture and transportation, while simultaneously providing continuous opportunities for the businesses involved to foster growth.
A stable grid with renewable electricity
Perhaps the most crucial aspect of the energy transition is electricity generation – vital in practically every aspect of the modern supply chain. An ever-present challenge is stability; many electricity grids now feature a strong renewables component, but, in almost every country, this is supplemented by a fossil fuel source.