<\/div><\/div>[\/toggle][\/toggles][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][image_with_animation image_url=”11041″ image_size=”full” animation_type=”entrance” animation=”Fade In” animation_easing=”default” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” img_link_large=”yes” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”30″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”custom-pb–0″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h3″ style=”color-strip-reveal” color=”Accent-Color” text=”What about the Oil and Gas industry?”][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css=”” text_direction=”default”]Oil and gas companies will need to adjust their strategies, depending on their unique context. Some will choose to decarbonise their operations (Scope 1 and 2 emissions) to retain a \u2018licence to operate\u2019, while others will look to address their indirect emissions (Scope 3) and diversify their business.<\/p>\n

It will be down to the oil and gas community to grasp the opportunity that the transition presents. Leveraging the industry\u2019s unique characteristics, it can support and lead an acceleration towards a net zero energy system.<\/p>\n

Click the image to enlarge.[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”3\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][image_with_animation image_url=”11208″ image_size=”full” animation_type=”entrance” animation=”Fade In” animation_easing=”default” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” img_link_large=”yes” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” disable_element=”yes” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h3″ style=”color-strip-reveal” color=”Accent-Color” text=”What’s happening to the cost of renewable energy?”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”45″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”custom-pb–0″ disable_element=”yes” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” bottom_margin=”45″ column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11036″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Solar Photovoltaic<\/strong><\/h3>\n

LCOE auction prices fell almost 90% between 2010 – 2021 to US$0.039\/kWh<\/p>\n

Source: IRENA Renewable Cost Database<\/em><\/p>\n[\/nectar_flip_box][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11037″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Concentrated Solar Power<\/strong><\/h3>\n

LCOE auction prices fell 78.3% between 2010 – 2021 to US$0.075\/kWh<\/p>\n

Source: IRENA Renewable Cost Database<\/em><\/p>\n[\/nectar_flip_box][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11038″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Onshore Wind<\/strong><\/h3>\n

LCOE auction prices fell 50% between 2010 – 2021 to US$0.043\/kWh<\/p>\n

Source: IRENA Renewable Cost Database<\/em><\/p>\n[\/nectar_flip_box][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11039″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Offshore Wind<\/strong><\/h3>\n

LCOE auction prices fell almost 49% between 2010 – 2021 to US$0.082\/kWh<\/p>\n

Source: IRENA Renewable Cost Database<\/em><\/p>\n[\/nectar_flip_box][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h3″ style=”color-strip-reveal” color=”Accent-Color” text=”Westwood and the Energy Transition”][vc_column_text]The Energy Transition means that businesses are facing both new opportunities and risks in how they operate.<\/span><\/p>\n

We are committed to helping the energy industry navigate the transition successfully, leveraging our extensive track record in providing actionable insight and advice that businesses, industry bodies and investors have relied upon time and time again.<\/span><\/p>\n

Contact us find out more on how we are supporting the industry, and how we are evolving our business to help you address the Energy Transition.<\/span>[\/vc_column_text][nectar_btn size=”large” button_style=”see-through-2″ color_override=”#0046a3″ hover_color_override=”#1b365d” hover_text_color_override=”#ffffff” icon_family=”default_arrow” text=”Find Out More” url=”https:\/\/www.westwoodenergy.com\/commercial-advisory\/” margin_top=”20″ margin_right=”20″ margin_bottom=”20″ margin_left=”20″][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][image_with_animation image_url=”9208″ image_size=”full” animation_type=”entrance” animation=”Fade In” animation_easing=”default” animation_movement_type=”transform_y” hover_animation=”none” alignment=”right” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default” el_class=”w-100″][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”30″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”custom-pb–0″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h3″ style=”color-strip-reveal” color=”Accent-Color” text=”Our Credentials”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11209″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Analysis of the full potential of the Norwegian Offshore Wind sector, and the resulting R&D priorities. Included detailed production potential, breakdown of cost assessment of offshore wind in European countries, comparison of energy and electricity prices, subsidy levels, and synergies with other industries e.g. oil and gas. Identified cost reduction areas and the need for financial support<\/div>\n[\/nectar_flip_box][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11212″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

A review and assessment of the renewable sector in key Asia Pacific countries with a six year market outlook. The project include the assessment of supply and demand outlooks for onshore and offshore wind, solar, hydro-electricity, biomass, geothermal and marine, as well as looking at the global primary energy mix, policy, regulatory and commercial drivers for the increased uptake of renewable energy.<\/div>\n[\/nectar_flip_box][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11214″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Developed a market opportunity assessment for tidal energy. Included development of global tidal energy database and turbine competitive landscape overview.<\/div>\n[\/nectar_flip_box][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_flip_box image_url_1=”11211″ text_color=”dark” icon_color=”accent-color” text_color_2=”dark” h_text_align=”left” v_text_align=”top” image_loading=”default” flip_direction=”horizontal-to-left”]\n

Study to understand the supply chain and investment needs for UK Offshore Wind industry. Developed a UK Market forecast to 2030 and assessment of industry requirements, including turbines and components, as well as production facilities and vessels. Created scenarios of supply chain development and actions required.<\/div>\n[\/nectar_flip_box][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”30″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” class=”custom-pb–0″ overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h3″ style=”color-strip-reveal” color=”Accent-Color” text=”Frequently Asked Questions”][vc_column_text css=”” text_direction=”default”]What is\u00a0<\/span><\/b>the source<\/span><\/b>\u00a0of\u00a0<\/span><\/b>greenhouse gas\u00a0<\/span><\/b>emissions?<\/span><\/b>\u00a0<\/span><\/p>\n

Greenhouse gas (GHG) emissions trap heat and warm our planet, with human activity being the primary cause of rising GHGs since pre-industrial times.\u00a0<\/span>Almost three<\/span>\u00a0quarters<\/span>\u00a0of the world<\/span>\u2019<\/span>s<\/span>\u00a0current<\/span>\u00a0<\/span>GHG<\/span>\u00a0emissions\u00a0<\/span>stem from e<\/span>nergy use in industry,\u00a0<\/span>buildings<\/span>\u00a0and transport<\/span>\u00a0\u2013 primarily from burning fossil fuels<\/span>.<\/span>\u00a0<\/span>The\u00a0<\/span>remainder<\/span>\u00a0are produced from a mixture of agriculture, forestry, land use and industrial processes. The\u00a0<\/span>central role<\/span>\u00a0of GHG emissions resulting from\u00a0<\/span>energy use underlines the importance of the Energy Transition<\/span>\u00a0in\u00a0<\/span>achieving<\/span>\u00a0a lower emissions society<\/span>.\u00a0\u00a0<\/span>\u00a0\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

What is the Paris Agreement?<\/span><\/b>\u00a0<\/span><\/p>\n

The Paris\u00a0<\/span>Agreement is the first\u00a0<\/span>legally binding international treaty on climate change<\/span>. It came into force in 2016 and was adopted by 196 countries. It commits countries<\/span>\u00a0to make\u00a0<\/span>progressively stronger\u00a0<\/span>commitments\u00a0<\/span>to reduce<\/span> GHG <\/span>emissions\u00a0<\/span>across their economies\u00a0<\/span>with the aim to\u00a0<\/span>keep global temperatures “well below” 2.0C (3.6F) above pre-industrial times<\/span>, aiming for<\/span>\u00a01.5C<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

What does Net Zero Emissions mean?<\/span><\/b>\u00a0<\/span><\/p>\n

To\u00a0<\/span>limit a global temperature ris<\/span>ing<\/span>\u00a0<\/span>above<\/span>\u00a01.5C and\u00a0<\/span>manage the impact of climate change<\/span>,\u00a0<\/span>global\u00a0<\/span>GHG\u00a0<\/span>emissions\u00a0<\/span>across all sectors\u00a0<\/span>need to\u00a0<\/span>be<\/span>\u00a0hal<\/span>ved<\/span> by 2030 and reach net zero<\/span>\u00a0by around 2050. Net zero is reached when\u00a0<\/span>human-caused\u00a0<\/span>GHG\u00a0<\/span>emissions are balanced out by removing GHGs from the atmosphere<\/span>. This is\u00a0<\/span>similar to<\/span>\u00a0achieving climate neutrality.\u00a0<\/span>\u00a0<\/span><\/p>\n

What do we mean by the decarbonisation of the energy system?<\/span><\/b>\u00a0<\/span><\/p>\n

Decarboni<\/span>s<\/span>ing\u00a0<\/span>our<\/span>\u00a0energy system means\u00a0<\/span>reducing its carbon intensity by\u00a0<\/span>replacing the fossil fuel energy sources (<\/span>i.e.\u00a0<\/span>coal,\u00a0<\/span>oil<\/span>\u00a0a<\/span>nd natural gas) with\u00a0<\/span>renewable and lower emission\u00a0<\/span>energy sources such as solar,<\/span>\u00a0wind<\/span>\u00a0and nuclear energy.<\/span>\u00a0Th<\/span>e<\/span>\u00a0transition will require significant structural changes<\/span>\u00a0to be made in how<\/span>\u00a0energy is produced,\u00a0<\/span>transported<\/span>\u00a0and consumed<\/span>.<\/span>\u00a0<\/span>Several\u00a0<\/span>new technologies<\/span>\u00a0will need to be<\/span>\u00a0deploy<\/span>ed<\/span>\u00a0<\/span>to achieve a full decarbonisation of the energy system<\/span>.\u00a0<\/span>\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” 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