These Decarbonization Technologies Are Especially Ripe For Innovation And Investment

These Decarbonization Technologies Are Especially Ripe For Innovation And Investment

Share to Linkedin As carbon emissions continue to build up in the atmosphere at historic levels, the push to decarbonize the planet is intensifying. Companies and governments are making new commitments to achieve ambitious net zero targets to meet the growing demands of consumers, investors and citizens, all of whom want to see progress on climate change. This now global effort is creating an explosion of opportunity in a variety of technologies. Advances in storing renewable power will enable utilities to supply clean energy when it's needed, weeks or months after it's generated. Mitsubishi Heavy Industries (MHI) Group, a Japan-based leader in decarbonization technology, has identified three areas that are primed for innovation and investment. Reaching net zero at a global scale will take a variety of renewable energy sources - more than just wind and solar power. The need for post-carbon solutions has grown particularly acute in areas that have had few viable alternatives, such as commercial vehicle fleets, maritime shipping and energy-intensive industry applications like steel and cement production. New energy sources, from green hydrogen to synthetic fuels, will enable broader decarbonization, including in industries typically reliant on fossil fuels. In 2019, transporting freight by road was responsible