Charting the global energy landscape to 2050: Sustainable fuels
Sustainable fuels can provide GHG reductions comparable to battery-electric vehicles and are applicable in multiple sectors, according to McKinsey
Reaching ambitious decarbonisation targets will require multiple decarbonisation measures, including rapid uptake of sustainable fuels. These fuels include biofuels such as hydrotreated vegetable oil (HVO) or bioethanol and synthetic fuels (synfuels) such as ammonia or methanol. They can be used as drop-in fuels in conventional internal combustion engines (ICE). Even though the costs of using sustainable fuels are projected to be higher than alternatives in the long term, the use of 100pc renewable diesel, such as HVO, can achieve comparable lifecycle greenhouse gas (GHG) reduction to the use of electric vehicles (EVs), allowing for faster decarbonisation of existing fleets in the short term
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation