Low carbon solutions

Having a suite of lower-carbon technologies for hard-to-decarbonize sectors is important. They have a critical role to play in the energy transition, with multiple options required to meet differing needs. Biofuels, H2-based fuels and CCS are three key lower-carbon solutions needed in addition to Wind and Solar. Pace of deployment for each of these technologies will be driven by policy support, technology improvements and supporting infrastructure development.

Report Oct. 5, 2022

Low carbon solutions

Biofuels growth in transportation

Global demand – million oil-equivalent barrels per day

Image Biofuels growth in transportation
  • Along with electrification, biofuels is expected to play an important role in decarbonization of the transportation space, growing by over 400% from 2021 to 2050.
  • For aviation in particular, biofuels is expected to be the primary transition fuel as other options such as battery-electric are not as viable as with road transportation.

Hydrogen-based fuel demand

Global demand – Exajoules

Image Hydrogen-based fuel demand
  • Low-carbon hydrogen will be a key enabler replacing traditional furnace fuel to decarbonize the industrial sector.
  • Hydrogen and hydrogen-based fuels like ammonia are also expected to make inroads into commercial transportation as technology improves to lower its cost and policy develops to support the needed infrastructure development.

Carbon Capture & Storage

CO2 Billion metric tons per year

Image Carbon Capture  Storage
  • Carbon capture and storage is the process of capturing CO2 emission at the source and injecting it into deep underground geologic formations for safe, secure and permanent storage.
  • Carbon capture and storage on its own, or in combination with hydrogen production, is among the few proven technologies that could enable CO2 emissions from high-emitting and hard to decarbonize sectors such as power generation and heavy industries, including manufacturing, refining and petrochemicals.

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