Prioritizing electrification
The urgency to decarbonize the building sector has caught global attention in the lead-up to the COP26 summit, commencing on Oct. 31. Wood Mackenzie’s Ben Hertz-Shargel says that success will require a two-pronged strategy of massively electrifying building heat over the coming decade, while also investing in technologies that can pick up future heating demand if the grid cannot handle it.
Residential and commercial buildings are expected to make up 12% of global emissions through 2050. The International Energy Agency (IEA) says that fossil-fueled and conventional electric heating appliances make up 70% to 80% of new sales today, with developing countries such as India and China blackening their air with emissions of solid fuels such as …
Advertisement
Advertisement
Advertisement
Advertisement