One of the most important aspects of power transfer based on government subsidies for technology development is to ensure that certain technologies are targeted in one way or another. Wood Pvt. when I had the opportunity to meet him at the recent CERWeek conference in Houston.
“We're worried that we're supporting the wrong technology,” says Gilmartin. “If you end up doing this, something is wrong, you are not expanding and you are always dependent on benefits. And if you do, you can fix everything. trying for years "Access it here because we're always up to date".
"It must be an amazing transition."
Gilmartin, whose firm is one of the world's leading engineering and technology consulting firms, said other concerns raised at the conference related to the need to refocus on energy security and take action to increase investment. Traditional energy sources such as oil and gas can continue to meet growing global demand.
“We've heard people talk about the triad [the importance of balancing reliability, affordability, sustainability, and impact on everyday life], and one part that we've heard over and over again at CERA is the 'importance of a clean transition'. ' he says. And to be honest, it didn't work for me because it started to feel a bit the same and it became kind of a statement."
From Gilmartin's point of view, it is clear that this current transition cannot be what he calls the "normal transition" that the world has experienced before, as Daniel Irgan points out in his book The New Timeline Map. One hundred years or more.
"I think it's pretty clear that this is going to be an unusual transition," Gilmartin said. “We can't go with normal thinking. It must be fast. It must be violent."
"Will we really have courage and faith?"
Highlighting the global commitment to achieve "net zero emissions" in 2050, Gilmartin said that while optimistic in some cases, Gilmartin "also carries the question mark that we really have the guts." What about faith? write?"
One limit to Gilmartin's optimism, he says, is that "maybe the technology doesn't yet exist that could make 20-25% of our trips zero."
This is a reality that poses a serious threat to the global effort to dismantle and rebuild the entire $180 trillion global economy. Many believe that efforts can succeed if the right technologies are chosen, developed and scaled properly and at minimal cost. But by focusing on the wrong technologies, there is a risk of simultaneously denying the capital investment needed to support the solutions needed to power the world.
"There is no way to reach net zero without carbon capture."
One technology solution that Gilmartin strongly believes in is carbon capture and storage, or CCS. Egurra has been working in this field for many years, collaborating for example with Occidental and others on successful projects around the world.
I asked Gilmartin what he would say to critics who say that CCS is not proven and does not work.
“ This is a question we ask ourselves all the time,” she says. "We say the technology is there, but it's really a return on investment for people to get it. I think that's clear. We've done over 175 studies on different types of CCS. Different locations, sizes, and types, and different types of technology, depending on your location, around the world, it's huge."
So, according to Gilmartin, carbon capture and storage technology exists and will no doubt improve over time.
As for the missing ROI, Gilmartin thinks there is now. “In addition, we know that ROI will continue to improve,” he said. “Right now grants here are launching IRAs in America. There is capital, and there are grants for this. The technology will continue to improve.”
Finally, I asked Gilmartin how confident he was that he had all the building blocks needed for the CCS program. His response was simple: "I think we all understand that there is no path to zero carbon."
This pretty much sums it up.
