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Carbon capture capacity continues to expand – and spread to more markets – in 2023.
More effort is needed: that’s likely to be the conclusion of the first “stocktake” on global progress toward the Paris Agreement’s goals.
With just two months left in 2023, it’s a good time to take stock of where things stand on global electric-vehicle adoption.
A staggering 619 gigawatts (GW) of solar, wind and storage will come online between 2023 and 2030 in the US, according to BloombergNEF forecasts, up 19GW from the previous outlook.
The total value of major compliance carbon markets is expected to top $800 billion this year, despite trading volumes being on track to fall amid the lingering fallout from Russia’s invasion of Ukraine.
Encouraging already green sectors like renewable energy to expand is just one piece of the puzzle in achieving net-zero emissions targets.
The need for deep decarbonization is accelerating the development of clean hydrogen (H2).
While the use of fossil fuels stepped up to meet demand, renewables are still making significant progress globally.
Demand for copper is set to continue rising and is anticipated to exceed primary supply within the next four years.
Three years into the decade of energy storage, deployments are on track to hit 42GW/99GWh, up 34% in gigawatt hours from our previous forecast.
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