President Joe Biden kicked off the decarbonization race by signing two monumental pieces of legislation: the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), which designated $370 billion in new funding for green infrastructure. In response, the European Commission recently announced the Green Deal Industrial Plan (GDIP). The plan will divert […]
2023 Energy Transition Outlook: A transformative year
The energy transition continued to move full steam ahead in 2022 with passage of the Inflation Reduction Act (IRA) in August 2022 kicking it into full gear. This monumental legislation supplemented the previous Infrastructure, Investments and Jobs Act (IIJA), passed in 2021 and provided unprecedented funding to clean energy and climate initiatives. These incentives include […]
Reduce, reuse, recycle: The bioplastics market keeps growing
The global bioplastic market size was about $5.5 billion in 2021 with strong growth projected in the future. In fact, about 2.5 million tons of bioplastics were made last year with production forecasted to increase to about 7.5 million tons in 2026. With companies increasingly focused on ESG and growing acceptance of bioplastics among consumers, […]
LNG market opportunities in the Philippines
A key growth driver behind liquefied natural gas (LNG) demand has been environmental policy and regulatory pressure driven by decarbonization and air quality improvement goals. The Paris Agreement signed in 2016 aims to restrict greenhouse gas (GHG) emissions and slow the global temperature rise to 2 °C above pre-industrial levels. The Philippines is one of […]
Going Blue: Advancing direct air capture
One of the biggest challenges to direct air capture (DAC) has been the costs, as discussed in our previous blog that can be found here. Notable interest in carbon capture and DAC from both the public and private sector are providing new funding and incentives to promote the advancement of these technologies. Numerous projects are […]
Going Blue: A review of direct air capture
As the world moves to a more sustainable future and is advancing ways to reduce greenhouse gases and limit the effects of climate change, direct air capture (DAC) is one process being developed and deployed to remove CO2 from the atmosphere along with other efforts to reduce emissions. This industry is still in its infancy […]
The forgotten renewable: A review of geothermal energy
In the discussions of renewable energy, much of the conversation usually revolves around wind and solar. Often overlooked is the energy beneath our feet, geothermal, so much so that it is sometimes called the “forgotten renewable”. Geothermal, however, is a vast, largely untapped resource capable of supplying our power needs; in fact, it is estimated […]
Mother nature will provide: Natural climate solutions for energy markets
Numerous companies are making net-zero pledges, with over 30% of the world’s largest companies committing to become net-zero in the coming decades. Some commitments are more ambitious than net-zero, such as Microsoft’s pledge to offset all their carbon emissions since its inception. One of the most affordable and easily accessible ways to achieve these promises […]
Modeling oil & gas, chemical, and petrochemical industry greenhouse gas emissions
Oil and gas companies are making decarbonization commitments that include mainly cutting Scope 1 and Scope 2 greenhouse gas (GHG) emissions although they are under growing pressure to also cut Scope 3 emissions. To this end, there is growing interest in understanding and benchmarking GHG emissions across the value chain from exploration and production through […]
Greener skies: Part II: A jet fuel and sustainable aviation fuel market outlook
We discussed the COVID-impact on aviation, regulatory drivers of decarbonization in aviation, and several commitments and investments made by airlines globally in the previous blog. In this blog, we will discuss how growing supply, techno-economic advancements, and feedstock supply will drive global sustainable aviation fuel (SAF) demand growth. There are several ways to manufacture SAF […]
