Fossil phase out
Reducing fossil fuels has always been high on the agenda at COP events, but countries have so far never agreed to stop using all carbon-emitting fossil fuels.
Over recent years, an increased focus on energy security, due in part to Russia’s invasion of Ukraine, has seen a rise in short-term fossil fuel production. We can therefore expect this issue to be high on the agenda once again.
In fact, Reuters reports that EU countries are preparing to push for a global deal on phasing out fossil fuels.
These changes mean it’s likely that organisations who haven’t already explored the renewables market will have to start doing so in the coming years. But thought must also be given to the supporting structures that enable that energy transition.
There are alternatives to fossil fuels, but these solutions are either not accessible or financially viable to organisations working around tight budgets.
For instance, when electricity prices in the UK are three times that of gas, decarbonising heating requires significant financial investment – and for very little return.
For decarbonisation to be successful, governments must make sure the marketplace is configured to enable the changes that can make a difference. This means ensuring there are genuine financial incentives for organisations to go green.
