New study explores removing energy-related emissions
This week’s news roundup features a study that lays out a roadmap for energy-related decarbonization, as well as an optimistic analysis of the impact of Nebraska’s ethanol industry.
New IRENA study: It’s possible to eliminate energy-related emissions
The International Renewable Energy Agency (IRENA) released a report finding that “global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook.”
According to IRENA, five targets need to be met to accomplish this:
- Renewables need to account for the majority of power generation in 2050
- Electric vehicles need to become the predominant car type in 2050.
- Liquid biofuel production must grow ten-fold.
- High efficiency all-electric buildings should become the norm.
- Deployment of heat pumps must accelerate and a combined total of 2 billion buildings will need to be new built or renovated.
Renewable energy now accounts for 24% of global power generation and 16% of primary energy supply. To achieve decarbonization, the report states that, by 2050, renewables should be 80% of power generation and 65% of total primary energy supply.
Studies show impact of Nebraska’s ethanol industry
Recent reports indicate a strong future for Nebraska’s ethanol production in 2017, according to analysis performed by the Nebraska Ethanol Board.
An impact study by University of Nebraska-Lincoln economists in 2015 revealed Nebraska’s ethanol production capacity growth between 1995 and 2014 was tenfold with a $5 billion annual economic impact, and those numbers continue to grow.
And, with an operating capacity of approximately 2.2 billion gallons of ethanol, Nebraska ethanol producers used 31% of the state’s corn crop in 2016. This operating capacity is an increase of 5% compared to 2015. Production is expected to rise in 2017 with a projected record year for ethanol.
Get more details on this story, including EIA estimates for ethanol exports in 2017, at Ethanol Producer Magazine.