The Race to Cut Carbon Emissions
Energy Terminal Weekly Newsletter
September 19th 2022 | Issue #24 | Subscribe here
Happy Monday!
Welcome to the ET weekly, a platform dedicated to building the next generation of energy leaders. In this week's issue we cover:
🌍 A global shift to clean energy
✈️ Can we cut aviation emissions?
💸 Crypto is cutting carbon !
🚗 Everyday travel emissions
🛢️ Oil wells = geothermal gold ?!
🌟 Startup Spotlight: eIQ mobility
This NextEra Energy Resources owned startup is the leading fleet electrification solution provider in North America. They provide EV feasibility assessments, energy and cost modeling, and EV charging infrastructure to both private and publicly owned vehicle fleets.
⏰ Missed Episode 14?
Episodes released bimonthly, subscribe to stay updated!
📚 Reading List (9/19 - 9/26)
Geothermal? Natural gas prices? New carbon markets? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
Redefining Energy, The New Carbon Markets
Summary 📖 :
The current voluntary market has quadrupled its size in the last 3 years to $2 billion and is expected to reach $50 billion in the next ten years
There has been a lot of gaming and greenwashing around the issue of carbon credits
“A group of scientists, NGOs, Industries have coalesced into the Integrity Council for Voluntary Carbon Market to create a quality benchmark”
The Interchange Recharged, Speed or Sustainability–Will We Always Have to Choose?
Summary 📖 :
Aviation represents about 2% of global emissions and is a challenging industry to decarbonize, but Boom Supersonic is developing a supersonic jet capable of operating on 100% Sustainable Aviation Fuel (SAF)
Guest Ben Murphy, Head of Sustainability at Boom Supersonic, sees the future of decarbonized air travel as electric for short-range flights, hydrogen for mid-range flights, and SAF for long-haul flights
SAF is currently 2-3x more expensive than conventional jet fuel, but technology development and favorable policy could help bring SAF to price parity with fossil-based fuel
TILclimate, TIL about everyday travel
Summary 📖 :
We need to tackle high emissions in the transport sector in both developing countries and developed countries, this involves a careful balance between making travel accessible and low carbon
We have an opportunity in developing countries to build a low carbon transportation system by prioritizing the development of public transport
In developed countries the transportation sector revolves around cars, so to reduce emissions we need to rely on green energy in vehicles, and then we don’t have to completely restructure existing transportation infrastructure
📰️ Articles:
CNN, The world's second biggest cryptocurrency just got a lot greener
Summary 📖 :
A single Ethereum transaction used to be equivalent to the weekly power consumption of an average US household
Ethereum has completed a massive software upgrade, known as “The Merge”, that its backers claim will slash energy consumption by 99.95%
This is due to a change in mechanism from “proof-of-work”, which requires high powered computers to solve puzzles, to “proof-of-stake”, a more energy efficient method
Texas Standard, Federal Funding Could Help Unlock Texas Geothermal Potential
Summary 📖 :
A state widely known for its oil & gas resources may soon unlock a new form of energy: geothermal
Federal incentives and technology development could help expand Texas’s geothermal energy production
The potential to utilize decommissioned oil & gas wells to produce geothermal electricity provides a compelling value proposition for the energy transition
Time, ‘A Turning Point in History’: International Energy Chief Fatih Birol on the Climate Crisis and New Opportunities
Summary 📖 :
Policy makers are responding to pressure for a clean energy transition as evident in the US’s $369 billion Inflation Reduction Act, the EU’s $210 billion RePowerEU program, and Japan’s $146 billion Green Transformation program
These policies also create competition between countries to capture the clean energy market, a market that by 2030 is potentially worth $4 trillion/ year
Right now, one of the greatest challenges for the energy industry is high energy prices, in Europe natural gas has prives have risen by nearly 500% in recent months
And head here to check out previous reading lists !
☄️ Thanks for reading this edition of ET weekly!
New episodes will be out soon, get excited. And, if you missed Episode 13 listen here!
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