Happy Friday to all the reply guys saying how renewables are a terrible idea.

I hate to break it to you but >80% of new generation capacity built is now renewable energy, mainly solar and wind.

See the trend? Coal (black) and fossil gas (grey) getting squeezed more and more.

Reading some of the media coverage you get the impression that EV sales are down.

See the pattern?

Source International Energy Agency iea.org/reports/global…

Energy transition critics often point to primary energy use to demonstrate that it's going to be impossible.

But 72% of the global energy input is currently lost after conversion.

The problem we're trying to solve here is a lot smaller than primary energy use might suggest.🧵

1/ New data from EHPA reveals a very worrying trend that has been known to industry circles for some time. Heat pump sales in Europe declined in 2023 in a period in which we should be experiencing accelerating deployment to achieve our climate goals.

📢 Today, we published the default values that can be used to determine embedded emissions in #CBAM goods during the transitional period until end 2025.

✔️ And updated our general CBAM guidance for importers and non-EU producers.

Find out more 👉 europa.eu/!RQfQyJ

Electrification is gathering pace worldwide

If announced climate pledges are fully implemented, electricity's share of final energy demand would grow from 20% today to over 40% in 2050

In our net zero pathway, this rises above 50% in the same period: iea.li/3RHhfaw

Explore our #NetZero Emissions Guide ⬇️

Low-emissions electricity iea.li/48dJy6p
Road transport iea.li/3Rsc9xo
Aviation & shipping iea.li/47ZovnV
Steel & aluminium iea.li/3GKm1O7
Cement iea.li/48hdcXH
Chemicals iea.li/3PKYLU9

'56% of statistically significant results [in leading economics journals' were selected to be statistically significant. Selection bias is greater at the top five journals, where 66% of statistically significant results were selected to be statistically significant'

#COP28 update 1450 GST 10 Dec

➡️Al Jaber said last night he planned to close the summit at 1100 on 12 Dec
🚦Status of key agenda items (pic) shows that's never gonna happen – still no text in some areas!
➡️Check our text tracker for the details

carbonbrief.org/interactive-tr…

The new McKinsey & Company report on #CarbonRemoval shows how technology-based #CDR costs are expected to decline over time, and nature-based removals will likely get more expensive.

Check out the whole report that sheds light on scaling the industry, including market size expectations:…

International #conservation #funding in #SouthAmerica tends to go to areas with high conservation value, not where threats (deforestation in our case) are high. New paper led by Siyu Qin @biogeoberlin just out in Biological Conservation 👉 doi.org/10.1016/j.bioc…

Without decarbonising heating we cannot decarbonise the economy:

Home heating makes up a large share of carbon emissions in most European countries.

Graph created by Aira using IPCC data.

Currently, there are ~2 Gt of CDR p.a., mainly from conventional land-based methods. Novel CDR (BECCS, DACCS, biochar, Enhanced Weathering) play an increasing role in mitigation scenario towards mid-century. Main effort until net-zero CO2 from emissions reductions, though.
4/n

#EmissionsGap 2023 CDR chapter starts with the usual overview section (& figure). But different from the first time there was a CDR chapter in a UNEP Emissions Gap Report (2017), this chapter goes beyond mainly explaining different methods
unep.org/resources/emis…
3/n

Yet another @nature paper promoting forests as a solution to industrial carbon emissions.
Hello?
#greenwashing carbon is NOT a solution.
nature.com/articles/s4158…

Breakthrough Energy, set up by Bill Gates in 2015, takes stakes in start-ups with nascent technologies that need funds to develop at scale.

To be considered, a start-up must prove it can reduce emissions by at least 0.5bn tonnes.
on.ft.com/3SqURmj

A renewable power system that is reliable whatever the weather? 🌬️⛅️

The case for e-methanol with carbon cycling ♻️:
liquid storage that can be built anywhere

🚨 New impulse paper🚨 in Joule with euronion

Paper: doi.org/10.1016/j.joul…

Slides: nworbmot.org/energy/brown-i…

The world is dependent on a small number of countries for supplies of key commodities, which in turn are highly vulnerable to trade disruptions. Read more in this blog. bit.ly/46qe23O #WEO

Looks like carbon removal will make it onto the list of 'net zero technologies' in the #NZIA . Here are the ITRE compromise amendments which, like the Presidency compromise, include it (vote on Wednesday): europarl.europa.eu/meetdocs/2014_…

“I don’t know what you’re going to report on this, and I hope to God it’s not all of it, because I probably will go to jail.”

This The New Yorker expose on carbon offsets is pretty unbelievable: newyorker.com/magazine/2023/…