The main cause of today's global warming is the combustion of fossil fuels. These hydrocarbons heat up the planet via the greenhouse effect, which is caused by the interaction between Earth's atmosphere and incoming radiation from the sun. The main gases responsible for the greenhouse effect are carbon dioxide (CO2), methane (CH4), nitrous oxide(NOx), and water vapor (H2O).
The energy transition is a pathway toward transformation of the global energy sector from fossil-based to zero-carbon. This is internationally embedded in a number of agreements like the Paris Agreement. It is a legally binding international treaty on climate change, its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius. The treaties are the main reason for complex permitting (regulation), incentives (subsidies) and penalties (environmental taxation) governments currently impose.
Innovation is the practical implementation of ideas that result in the introduction of new or improvement goods and services. Start-ups and scale-ups are the engine of innovation but sometimes need help to realize their ambitions. Product development, prototypes, production, market development and financing are energy transition topics that can be helped with. Seek contact if you would like to know more.
All of us will be impacted by the needed changes for the energy transition. The impact of these changes on existing business is sometimes difficult to oversee. Change is already a complex process for existing companies, in this case even more if energy is not a core business. Seek contact if you would like to understand more on currently available zero emission solutions.