Bernat Csuka
The group that came together were energetic, thoughtful, inspiring and thought-provoking.
While significant progress has been made in general decarbonisation, achieving net zero hinges on addressing the most hard to abate sectors like iron, steel, cement, chemicals, and heavy transport (e.g., aviation), where electrification is not a straightforward solution.. 2.Beyond Electrification:.
Diverse Technological Pathways Required: Decarbonising these sectors demands a range of innovative technologies beyond simple electrification, such as sustainable aviation fuels (SAF) for aviation or carbon capture solutions for cement production, often requiring significant energy inputs.. 3.Need for Integrated Systemic Solutions:.Investment tends to focus on individual technologies, but the podcast stresses the importance of understanding the ‘network value’ and integration of these solutions within a broader, complex industrial system, rather than viewing them in isolation.. 4.
Governmental Intervention is Essential to Drive Change:.The market alone is unlikely to deliver the necessary speed and scale of decarbonisation in these sectors.
Mandates (‘sticks’), like those seen for SAF, and incentivisation (‘carrots’), such as carbon sequestration payments, are essential for stimulating investment and progress.. 5.
Re-evaluating Global Supply Chains for Carbon Footprint:.Terra Praxis is focusing on the most significant of energy initiatives, including oil and gas.
Currently, 100 million barrels of oil are used per day, with more than half of our global energy predicted to still be coming from fossil fuels by mid-century.This reality would lead to a three to four degree trajectory of warming, and a very bad environmental outcome.. One potential decarbonisation solution Terra Praxis has been exploring is the possibility of very low-cost, large-scale hydrogen production.
Hydrogen is difficult to store, transport and move around, so it isn’t particularly useful as an end product, as it would require a lot of new infrastructure for end users.However, it does have strong potential as an ingredient in clean, drop-in, substitute fuels, such as ammonia (which can be used as a Marine shipping fuel), or synthetic hydrocarbons.