'Not dead yet': Experts identify interventions that could rescue 1.5°C

To meet the goals of the Paris Agreement and limit global heating to 1.5°C, global annual emissions will need to drop radically over the coming decades. Today [22 Nov], a new paper from climate economists at the University of Oxford says that this goal could still be within our reach. They identify key "sensitive intervention points" that could unlock significant progress towards the Paris Agreement with the least risk and highest impact. These include:

• Investing in clean energy technologies with consistent cost declines
• Enacting central bank policies to reduce the value of polluting assets
• Improving climate-related financial risk disclosure.

'This is not to suggest that reaching the Paris goals will be straightforward, or easy, but like Achilles' heel, our research points to the areas that could have an outsized impact,' says lead author Dr Penny Mealy, associate at the Institute for New Economic Thinking, University of Oxford.

'We need climate policies which are pragmatic and practical, designed with an understanding of where the economy and technologies are capable of quickly transforming our economies for the better.

These are those policy areas. This is how we design policy for 1.5°C,' affirms co-author Dr Pete Barbrook-Johnson of the Smith School of Enterprise and the Environment.

The research also highlights the areas where interventions will be more difficult and less impactful, including nuclear fission, which would be slow to roll out and could have unintended consequences; and carbon capture and storage, which presents both high barriers and risks.

To reach their conclusions, the authors devised a new framework for identifying sensitive intervention points, or SIPs, that have the characteristics necessary to radically decarbonize our global economy.

SIPs include critical tipping points -- like renewable energy becoming cheaper than coal; critical points in networks -- like powerful political figures or important technologies, and critical points in time or "windows of opportunity" that might prime the existing systems for change, such as the Covid-19 pandemic.

These intervention points must be assessed by the ease with which they can be implemented, their impact potential, and the potential for creating risks.

The authors stress that, while the framework is highly applicable to climate change, it could also be applied to solving other economic and social problems.

The ratings provided for each SIP intervention were applied subjectively based on discussions with experts, literature research, and modelling.

The framework can and should be applied regularly to reassess priorities as new data and insights become available, the authors say.

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We need to learn to live with less steel

Steel is one of the most important materials in the world, integral to the cars we drive, the buildings we inhabit, and the infrastructure that allows us to travel from place to place. Steel is also responsible for 7% of global greenhouse gas emissions. In 2021, 45 countries made a commitment to pursue near-zero-emission steel in the next decade. But how possible is it to produce the steel we need in society with zero emissions?

A new study focused on the Japanese steel industry shows that if we are truly committed to reaching zero emissions, we must be prepared for a scenario where the amount of steel we can produce is lower. Japan has set a target for a 46% reduction in emissions from steel by 2030, and zero emissions by 2050. So far, the roadmap for achieving this relies heavily on future innovations in technology. Hope is held out for developments in carbon capture and storage (CCS) and hydrogen-based technologies.

In the study, Dr. Takuma Watari, a researcher at the National Institute for Environmental Studies, Japan, currently working with the University of Cambridge, argues that there is no silver bullet. He says that current plans to cut carbon emissions underestimate how difficult it will be to develop CCS and hydrogen technologies and deploy them widely: "These technologies still face serious technical, economic, and social challenges, and have yet to be implemented at scale. And importantly, it is highly uncertain whether there will be sufficient non-emitting electricity to use these technologies." We need to confront the possibility that technological innovations might not be ready in time to allow us to maintain current levels of steel production whilst cutting emissions to zero.

The research involved mapping the current flows of steel in Japan's industry and using a model to explore how the industry might change if a strict carbon budget were applied in future. Dr. Watari explains that with current practice, the quantity and quality of steel produced would dramatically decrease under a zero-emission carbon budget. This is because of a lack of resources and the practice of downcycling, in which scraps of steel containing impurities are used to make new products. It is difficult to remove these impurities, so the new products have different quality and functionality from the original steel.

According to Dr. Watari, "zero-emission steel production is possible by 2050, but in limited quantity and quality compared to current total production. This is due to the limited availability of zero-emission compatible resources and downcycling practices of scrap steel."

The research indicates that with a carbon budget of zero emissions, the production of steel goods would be dramatically restricted compared to today, reaching about half the current levels at best. In this case, higher-quality steel production (e.g., sheet steel) would be especially hard hit.

The implication is clear. It is not enough to rely on a technological silver bullet materialising to transform the supply of steel. We also need to look seriously at strategies to reduce demand by shifting our culture of steel use and improving our material efficiency. We also need to pursue upcycling to produce high-grade steel from scrap steel.

This will require collaboration from those who use steel as well as those who produce it. Steel products could be made more resource efficient if they are designed to last longer or to be lightweight. Once steel products reach the end of their life, upcycling could be achieved through advanced sorting and shredding to remove impurities from scrap steel. As a society, Japan may also have to become less steel-dependent and shift to a model of 'service use' rather than ownership of products. Unlike today, when steel is abundant and cheap, a net-zero future will require us to use scarcer, more expensive steel resources with greater efficiency. 

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We can expect more emissions from oil refineries in the near-term future, analysis finds

A global inventory has revealed that CO2 emissions from oil refineries were 1.3 Gigatonnes (Gt) in 2018 and could be as large as 16.5 Gt from 2020 to 2030. Based on the results, the researchers recommend distinct mitigation strategies for refineries in different regions and age groups. The findings appear August 20 in the journal One Earth.

"This study provides a detailed picture of oil refining capacity and CO2 emissions worldwide," says Dabo Guan of Tsinghua University. "Understanding the past and future development trends of the oil refining industry is crucial for guiding regional and global emissions reduction."

Climate change is one of the most fundamental challenges facing humanity today, and continuous expansion of fossil-fuel-based energy infrastructure may be one of the key obstacles in achieving the Paris Agreement goals. The oil refining industry plays a crucial role in both the energy supply chain and climate change. The petroleum oil refining industry is the third-largest stationary emitter of greenhouse gases in the world, contributing 6% of all industrial greenhouse gas emissions. In particular, CO2 accounts for approximately 98% of greenhouse gases emitted by petroleum refineries.

In the new study, Guan and his collaborators developed a publicly available global inventory of CO2 emissions from 1,056 oil refineries from 2000 to 2018. CO2 emissions of the refinery industry were about 1.3 Gt in 2018. If all existing and proposed refineries operate as usual, without the adoption of any low-carbon measures, they could emit up to 16.5Gt of CO2 from 2020 to 2030. Based on the findings, the authors recommend mitigation strategies, such as improving refinery efficiency and upgrading heavy oil-processing technologies, which could potentially reduce global cumulative emissions by 10% from 2020 to 2030. The inventory will be updated and improved in the future as more and better data become available.

The study also showed that the average output of global oil refineries gradually increased from 2000 to 2018, in terms of barrels per day. But the results varied by refinery age group. Specifically, the average capacity of young refineries, which are mainly distributed in Asia-Pacific and the Middle East, increased significantly from 2000 to 2018, while the average capacity of refineries older than 19 years remained stable. "Given the greater committed emissions brought about by the long remaining operating time of young refineries, there is an urgent need for these refineries to adopt low-carbon technologies to reduce their CO2 emissions," Guan says. "As for middle-aged and old refineries, improving operational efficiency, eliminating the backward capacity, and speeding up the upgrading of refining configuration are the key means to balance growing demand and reducing CO2 emissions."

Read more at Science Daily