Accelerated Growth of Renewables and Gas Power can Rapidly Change the Trajectory on Climate Change

whitePaper | December 17, 2022

As we experience an energy crisis that is fueling inflation with severe impact on households and businesses all over Europe and forcing factories to curtail their production or even to shut down, citizens are asked to reduce their energy consumption while governments scramble to secure alternative fuel sources. These, however, are only short-term measures, and there is no doubt that this winter will prove taxing for many.

whitePaper | August 11, 2022

The global climate change summit, COP26, in November last year emphasised the urgent need to keep 1.5 degrees Celsius alive, limit global warming and push for more low-carbon power, as well as renewables. Then prices for energy began to skyrocket in Europe and Asian markets in January due to post-COVID energy bottlenecks. Finally, the recent war in Ukraine has emboldened world leaders’ to prioritise energy security and question where their imported fuels come from.

whitePaper | December 16, 2022

The successful achievement of the objectives set out in the United Nations 2030 Agenda for Sustainable Development and the 2015 Paris Agreement requires a rapid transformation of energy systems across the globe towards high shares and eventually 100% renewable energy. As a growing number of countries announce ambitious pledges and actions to phase out fossil fuels and enact policies in line with achieving net-zero emissions by 2050 or earlier, renewable energy will need to play a dominant role across all sectors.

whitePaper | May 4, 2022

Globally, electric vehicle (EV) sales grew 80% in 2021 and companies like Toyota and Volkswagen announced $170 billion of investment into electrification. Besides eliminating exhaust emissions and tackling part of the 23% of global CO2 emissions contributed by the transportation sector, EVs also provide key flexibility to the grid as we transition to a greater share of Renewable Energy (RE) supply. However, despite this global push, EVs only accounted for 7.2% of global car sales in 2021. The electric revolution still has a long way to go.

whitePaper | April 1, 2022

Covestro has applied its industrial expertise in high-tech polymer materials to develop innovative polyurethane (PU) solutions for wind turbine applications that offer performance benefits and lower blade costs. To evaluate the impact of our PU solutions for rotor blade applications, Covestro commissioned bewind GmbH, a specialist wind engineering consultancy company, to simulate the costs and benefits of these solutions in terms of production, operational performance, and turbine lifetime.

whitePaper | November 29, 2022

Renewables are expected to account for 80–90% of power generation globally by 2050. Due to their dependence on weather conditions, wind and solar power cannot provide constant baseload power during all hours of the day, and measures have to be taken to compensate for this intermittency. The good news is that such imbalances or fluctuations can be mitigated effectively using battery energy storage systems (BESSs).