Decarbonization is a buzzword bandied about in policy and corporate circles. But defining it and planning for it are separate challenges. The Low-Carbon Resources Initiative is charting such a course – an effort led by the Electric Power Research Institute and the Gas Technology Institute. To learn more, read “Time Is Running Out But Net-Zero By 2050 Is Doable. Here’s How.” Reading this article may require a subscription.
- This five-year initiative brings together industry stakeholders to accelerate development and to demonstrate low- and zero-carbon energy technologies through clean energy research and development.
- The initiative focuses on four core pathways:
- energy efficiency;
- cleaning the electric grid;
- efficient electrification;
- and using low-carbon energy sources.
- The United States has reduced its annual energy-related CO2 release by about 1 billion tons since 2005. That represents a 14% reduction even as the U.S. economy grew by 28%.
- The initiative says to reach mid-century targets of 80% CO2 reductions, the U.S. will have to double the current pace over the next 15 years.
- “We need a portfolio of technologies,” says the Gas Technology Institute’s Mike Rutkowski. “Our initiative will bring scale and financial leverage – working with industry sponsors to multiple success and meet this global challenge.”
Path to 100% Perspective:
Net-zero by 2050 is possible, but it will take a concerted investment in the research and development of clean energy technologies, such as green hydrogen. The Low-Carbon Resources Initiative exemplifies the kind of collaboration that is needed to accelerate the pace of these investments and achieve a decarbonized power system before mid-century.
Photo by Nathan Dumlao on Unsplash