BAKU, Azerbaijan, September 20. Coal will see the biggest reduction in total primary energy, Trend reports with reference to Norway-based Equinor company.
The company says in its latest report that decarbonization occurs in both the energy end-use and transformation sectors at a slowly accelerating pace compared with recent history.
“Fossil fuels do remain a part of the fuel mix where alternatives result in significantly higher costs, and where abatement via CCUS offers an economic option for decarbonization. The share of fossil fuels in total primary energy is around 80 percent today and has been so for the last thirty years at least. In Walls scenario, this share steadily decreases to 62 percent in 2050. Fossil fuel use only begins to fall in the 2030s and is 20 percent lower in 2050 compared with 2019. Coal sees the biggest reduction, halving over the period to 2050,” reads the report.
Equinor notes that the transport sector continues to see increasing electrification, contributing to a reduction in the oil share of total primary energy from around 30 percent today to 25 percent in 2050.
“Gas maintains a share of around a quarter of total primary energy demand throughout the projection (2019-2050) period. Fossil fuels comprise around two-thirds of end-use energy consumption today, and this has been the case for the last thirty years at least. In Walls, this share steadily decreases to around half in 2050. In addition, CCUS in the industrial sector contributes around 0.2 Gt CO₂ of direct abatement in 2050.”
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