The scale of durable #carbondioxideremoval (CDR) varies regionally, influenced by the maturity of existing climate policies and financing capabilities. Europe and North America are leading the way in implementing climate policies, creating big opportunities to drive demand for CDR. In contrast, Asia Pacific faces more challenges due to varying policy maturity and high decarbonization costs. Asia Pacific is expected to have high residual emissions (those that are difficult to avoid or fully eliminate) due to economic and industrial growth, a lack of regional consistency in the advancement of climate policy, and the high cost of decarbonization and durable CDR. Reaching net zero in Asia Pacific is key to global climate goals. Expanding the scope of existing and proposed demand drivers and creating new ones will be key to boosting CDR demand in this region and worldwide. 🚀https://lnkd.in/gEBeRK3S #ClimateAction #CarbonRemoval #Sustainability #NetZero #Decarbonization
BCG on Energy
Business Consulting and Services
Boston, MA 51,065 followers
Unlocking solutions for uncertain times in Energy. Explore our latest insights and thought leadership.
About us
Improving performance, tapping into new opportunities, and managing the energy transition are critical for companies operating across the Energy industry. At BCG, we provide the expertise and capabilities needed to transform organizations during times of rapid change. The capacity to adapt strategies, embrace new digital business models, understand new low emission pathways, and move fast is a prerequisite for tomorrow’s energy leaders.
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https://www.bcg.com/industries/energy/overview.aspx
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In this article, Karan Mistry, PhD, Managing Director and Partner at Boston Consulting Group (BCG), highlighted critical considerations for carbon dioxide removal (CDR) buyers. In a survey of over 100 CDR buyers, two key factors emerged as paramount when assessing the quality of carbon removal projects: 1️⃣ The permanence of the carbon removal 2️⃣ The robustness of monitoring, reporting, and verification (MRV) processes. These concerns stem from a need for buyers to ensure that their carbon removal credits are tied to verifiable and impactful environmental actions. This emphasis on quality and verification underscores the importance of trust in the growing market for durable carbon removal credits. https://lnkd.in/gQgf_R5A
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The #energy industry endures high costs and faces heavy risks as companies strive to manage increasingly complex #supplychains. BCG X offers a virtual solution: Value Chain Digital Twin. This technology-agnostic architecture that allows companies to achieve rapid impact has enabled early adopters to achieve up to 30% improvement in forecast accuracy and 50% to 80% reductions in delays and downtime. Learn more about how Value Chain Digital Twin can improve procurement decision-making, mitigate supply chain risks, and deliver significant cost reductions while improving operational efficiency: https://lnkd.in/gbZUR8Yc
Using Digital Twins to Manage Complex Supply Chains
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BCG on Energy reposted this
Nuclear Energy is Going Through A Renaissance. The energy transition will require every clean energy solution we have. An often-forgotten clean energy source is beginning to gather steam again: nuclear energy. At COP28, more than 20 nations agreed to triple nuclear capacity. New nuclear tech, like Small Modular Reactors (SMRs), will be critical to meeting this commitment. SMRs make nuclear energy safer, quicker to deploy, and more economically feasible. That all sounds great, but the nuclear renaissance is far from a foregone conclusion. To meet COP28 commitments and net-zero goals, nuclear energy still faces significant hurdles: 1️⃣ Projects need to come in on time, and we need to address the nuclear skills gap. 2️⃣ Government support is essential to de-risk SMR projects and ensure their long-term viability. 3️⃣ Nuclear power safety concerns will have to be considered and alleviated. Nuclear is a controversial but necessary part of the energy transition. What do you think nuclear’s role will be in a low-carbon future? Do you believe SMRs can overcome the challenges ahead? Thank you to Benjamin Vannier and the rest of the Energy team at BCG for their work on this topic. Read more here: https://lnkd.in/eYJqU7ZF
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While voluntary #carbondioxideremoval (CDR) demand is growing, it falls short of the scale needed to meet net zero goals. Our latest report highlights that integrating durable CDR into carbon pricing mechanisms and regulatory requirements could cover up to 30% of global residual emissions by 2050. Dive into the full analysis to understand the potential impact of direct and indirect drivers on CDR demand creation. https://lnkd.in/gEBeRK3S #NetZero #Decarbonization #Sustainability #CarbonPricing
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BCG on Energy reposted this
AI and high-performance computing are driving a surge in data center power use, potentially accounting for 60% of U.S. power demand growth by 2030. Energy providers and data centers must adapt to prevent major power shortages. To navigate this challenge, data centers are balancing power availability, carbon intensity, grid access, reliability, and pricing. Success depends on regional solutions and strong partnerships between data centers, utilities, and regulators. Read the full article here: https://on.bcg.com/3YUXTTd
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⚡ Revolutionizing Energy with BECCS Energy producers have a tremendous opportunity to lead the way in carbon removal through Bioenergy with Carbon Capture and Storage (BECCS). By utilizing biomass instead of fossil fuels and capturing the resulting CO2, BECCS can significantly contribute to net zero targets and generate valuable carbon removal credits. 🔍 Key Insights: BECCS offers a profitable pathway with significant potential earnings per ton of CO2 removed. Industries such as electricity generation can benefit greatly, especially with significant forestry residue in the US Southeast. Let’s harness the power of BECCS to transform our energy landscape. Read the article here: https://lnkd.in/g-q896B8 Congratulations to the author team: Alex Dewar, Katherine Phillips and Anders Porsborg-Smith, Lucyann Murray and Carl Clayton #BECCS #CarbonCapture
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We’re excited to share BCG’s latest article on #Biomass with Carbon Capture and Storage (BECCS) – a transformative solution for various industrial goods industries aiming for net zero! 🌍 #BECCS isn't just about capturing #carbon; it's about revolutionizing our approach to sustainable production and unlocking significant economic value. 🌟 How can BECCS create value? BECCS is an affordable carbon-removal approach that is gaining traction in industries such as pulp and paper, electricity generation, ethanol, and cement because its helps companies progress toward their net zero commitments while generating significant profits per ton of CO2 removed—or more. This not only helps meet tightening emissions regulations but also avoids high fees. BECCS can help companies deliver carbon-neutral bio-derived products and generate valuable carbon-removal credits. Curious to learn more? Check out the full article here: https://lnkd.in/g-q896B8 Huge thanks to our BCG authors Alex Dewar, Katherine Phillips, Anders Porsborg-Smith, Lucyann Murray and Carl Clayton for helping to drive sustainable innovation in our industry.
The Big Opportunities in Biogenic Emissions
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Did you know that CO2-derived construction aggregates have the potential to utilize about 0.5 gigatons of CO2 annually by 2040? This innovative approach not only reduces the carbon footprint of the construction industry but also transforms waste into valuable materials. However, to achieve this, a robust regulatory framework for carbon capture and utilization (CCU) is crucial. This includes incentives, carbon pricing, public procurement targets, and clear carbon accounting rules. Effective policies can drive the adoption of CCU applications, making them a key player in the global decarbonization effort. Learn more about the potential of CCU: https://lnkd.in/g7TdVy9F Oluseye 'Bayo' Owolabi, Rukmini Sarkar, Bas Sudmeijer, and Carl Clayton #CarbonCapture #EnergyTransition #Decarbonization #Sustainability #ClimateChange
Fulfilling the Promise of Carbon Capture and Utilization
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BCG on Energy reposted this
Carbon credits are crucial for funding climate solutions, but quality and integrity challenges persist. BCG's Anders Porsborg-Smith discusses with Patch's Tighe Sullivan how sustainability leaders can navigate the carbon credit market for informed, impactful decisions. 1. Quality is Crucial: Not all carbon credits are equal; third-party ratings and thorough due diligence are essential. 2. Focus on Avoidance-Based Credits: While removals are important, avoidance-based credits often offer more value for investment and play a pivotal role in effective climate strategies. 3. Embrace Technological Innovation: Using technologies like LiDAR, AI, and machine learning in nature-based solutions boosts transparency and market confidence. Watch the video to learn how to strategically approach carbon credits for maximum environmental and financial impact.