EcoDataTrend

Here comes another series of #PowerUpYourKnowledge In this episode, the concept of #climateresilience is explained in simple terms. What is climate resilience? Climate resilience refers to the capacity to prepare for, respond to, and recover from climate impacts while maintaining essential functions. It entails; 👉 Preparation: Understanding climate risks and developing strategic plans 👉 Adaptation: Modifying infrastructure, agricultural practices, and ecosystems to withstand climate impacts 👉 Response and Recovery: Establishing robust emergency management and community support systems 👉 Sustainable Development: Integrating climate resilience into development policies for long-term sustainability #energytransition #climatechange #climate

#DidYouKnow? 👉 In 2024, it is projected that nearly $800 billion will be invested in #cleanenergy #technology which is 10%-20% higher than 2023 spending levels 👉 #Solar will enjoy the largest share of the additional spend and account for some 55% of total investment 👉 #Onshore wind is the second-largest segment in terms of absolute investment but grows more slowly 👉 The fastest-growing areas for new investments are #battery #energystorage and #electrolysis Source: S&P (2024). Top Ten Cleantech Trend in 2024 #ETPulseProject #energytransition #cleanenergyinvestment

#DidYouKnow? Around 10% space heating needs globally was met with heat pumps in 2021, even though heat pumps release less CO2 emissions compared to widely used natural gas boilers Nonetheless, in countries such as Norway, Finland and Sweden, heat pumps are the largest source of space heating Source: IEA (2024). The Future of Heat Pumps #ETPulseProject #energytransition #heatpumps #spaceheating World Refrigeration Day® incorporating World Heatpumps Day Carbon Clean Shell Low Carbon Solutions Carbon Engineering

#DidYouKnow? Global energy-related #CO2emissions grew by 1.1% in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 billion tonnes (Gt) This compares with an increase of 490 Mt in 2022 (1.3%) Emissions from coal accounted for more than 65% of the increase in 2023 Source: IEA (2024). CO2 Emissions in 2023 #ETPulseProject #energytransition

#DidYouKnow? Within the last decade, restrictions on export of critical raw minerals for energy technologies from resource-rich countries has increased by 500% In recent years, about 10% of global trade of critical raw minerals have been affected at least of these restrictions Source: OECD (2023): Raw Materials critical for the Green Transition #ETPulseProject #energytransition #criticalminerals

#DidYouKnow More than 70% of global cumulative investment in carbon capture, utilization and storage #CCUS by 2050 will be concentrated in China, India, North America and Association of South Asian Nations (ASEAN) #ETPulseProject #netzero #energytransition #ccs

In 2023, global #batterydemand from electric vehicles and storage reached 865 GWh, a 45% year-on-year increase compared to 2022 This was primarily driven by sales of #electriccars, which were responsible for 85% of global demand However, the annual growth rate for battery demand from electric cars, buses and trucks dropped in 2023 to 40%, compared with 75% in 2022 Source: IEA (2024). Global Critical Minerals Outlook #ETPulseProject #EnergyTransition #electricvehicles #EVs

#DidYouKnow Home charging is currently the most common way of charging electric vehicles globally United Kingdom has one of the highest access to home charging at 93%, with 50% of these charging spots being smart chargers Home charging is common in countries where the power grid voltage is between 220V and above In instances where the voltage is between 100-120V, dedicated chargers have to be installed Source: IEA (2024). Global EV Outlook 2024 #ETPulseProject #energytransition

#DidYouKnow? Global wind additions increased by 60% in 2023, breaking the record witnessed in 2020 Out of this growth in 2023, #onshorewind deployment accounted for 85% while offshore wind deployment accounted for the remaining 15% #offshorewind deployment faces significant challenges, significantly amongst them is 20% increase in investment costs, leading to cancellation of offshore wind projects Source: IEA (2024). Global Critical Minerals Outlook 2024 #ETPulseProject #energytransition

#DidYouKnow Key Facts about #Hydrogen Trade 👉 In 2020, the first international trade of 102 tonne hydrogen took place from Brunei to Japan, using methylcyclohexane as a Liquid Organic Hydrogen Carrier (LOHC) 👉 For liquefied hydrogen, a first cargo of 75 tonne hydrogen was delivered in 2022 from Australia to Japan 👉 In 2020, for the first time, ammonia for use as a fuel was shipped from Saudi Arabia to Japan #energytransition #ETPulseProject