Decarbonisation in a sentence

But one industry source said: “The concern is around early COP and the investment case for sustaining production, versus the investment case with electrification and other decarbonisation methods.

Chris Gilbert, Humber decarbonisation manager at Phillips 66, said: “Humber Zero participants, Phillips 66 and VPI Immingham, are completing the front-end engineering and design phase for both carbon capture projects.

Decarbonisation efforts are required for countries to achieve net zero but the path and time might differ as countries may want to take a gas-led approach to transition to renewable energy.

Even the fossil fuel industry is not immune to mounting pressure as decarbonisation of the global economy accelerates.

Fiona Runcorn from NatWest said: “Addressing climate change sits at the heart of NatWest’s strategy and purpose and are well placed and pivotal to drive the next decade of decarbonisation in the UK.

German steelmaker Salzgitter secured €1bn (£866m) from the German government to support its decarbonisation efforts.

Governments risk failing to meet vehicle decarbonisation targets if they ‘put all their eggs in one basket’ with battery-electric vehicles, Ineos Automotive’s boss has said.

He also emphasised the importance of developing and including young people in the decarbonisation drive, as they were expected to play a major role in implementing the initiatives in the future.

In addition to completing their training, those selected will have the opportunity to develop their career in a global energy leader in renewable energies, key to the energy transition and decarbonisation.

Its hydrogen business is also expected to play a big part in decarbonisation and BP has been hiring dozens of employees to work in it.

On the point of new markets, Mr Lee noted that governments will need to work together to create a conducive environment for decarbonisation investments, such as by providing clear definitions of green and transition activities.

Peel Ports Group is committed to becoming net-zero across all its sites by 2040, putting it five years ahead of the Scottish government's national decarbonisation targets.

PX Group chief executive Geoff Holmes said: “Meld Energy’s decision to invest at Saltend Chemicals Park proves once again that Saltend is the go-to location for industrial decarbonisation and the UK energy transition.

Snowy Hydro’s Barnes, though, says much is riding on 2.0’s success – not least the decarbonisation of the electricity grid.

The Climate Change Committee, which advises the Government on decarbonisation, said offshore wind should form the bulk of Britain’s electricity production by 2035.

The government has bold plans to continue this "decarbonisation" process.

The low price of solar power generation will help propel decarbonisation efforts as electric car adoption gathers pace.

The pledge was part of a bouquet of decarbonisation initiatives launched at the behest of the hosts, the UAE, on the third day of COP28.

The Southwark Climate Collective supports decarbonisation efforts by diversity-led startups aiming to fulfil the net zero targets of London.

The theme has changed to decarbonisation, investing in innovative technologies to deliver green and clean energies through renewable sources.