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
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks