McKinsey & Company is warning of a 'reality gap' between ambitions and outcomes when it comes to electric vehicles and renewable energy.
Facing macroeconomic shocks , political instability and "weak" business cases, key technologies in the transition from fossil fuels are falling behind, according to a new study.
“Corporate, public, and private equity investors are hesitating about deploying capital,” they added. “A significant proportion of announced projects have not yet reached the final investment decision stage at which projects are green-lit, meaning that there is a continuing risk of cancellation.” In Canada, a consortium of oilsands companies have yet to make a final investment decision on what could be one of the largest carbon capture projects in the world. The massive $16.5 billion Pathways Alliance carbon capture network had planned to start injecting and storing CO2 beneath northern Alberta in late-2026.
At the same time, Ballard says it will “reduce and defer certain capital expenditures given slow market adoption.” The company has secured US$94 million in U.S. government funding for a fuel cell Gigafactory in Texas. A final investment decision is expected in the fourth quarter. “Now is the time for stakeholders across the energy value chain to revisit decarbonization plans and assess if these plans are still sufficient to achieve their climate goals.”Everything is expensive these days, there's no doubt about it. Economic uncertainty and persistent inflation mean that you need more money for everyday expenses. For some, this can translate into...
Keir Starmer’s rejection of a travel visa deal for under-30s has been seen as a sign of a lack of ambition in his attempt to realign Britain’s relationship with the EUWhen Jennifer Kent’s “The Babadook” opened in theaters a decade ago, it played at two cinemas. “The Babadook,” a chilling parable of parenthood that ushered in a new era of daring, cinematic horror films, is just one of many movies making an anniversary run in theaters this year.
Renewable Energy Sources Carbon Capture Wind Turbines Macroeconomic Shocks Investment Decision Private Equity Investors Hydrogen Fuel Cell Economic Returns Announced Projects
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