b'Partner News Summer 2022 27Corporate1. Choice of optimum technology solutionA typical pathway for a technology solution from an initial concept to a fully mature, commercially available solution is shown below. Currently, the green technology solutions for emission reduction and decarbonisation sit at various points on this timeline. Several green technologies are developing and are expected to mature and commercialise over the next 10 to 15 years.Because these are very early days in the evolution of the green technology solutions, it is unclear which of the various technologies under development will ultimately prevail.For example, captive renewable power generation from wind or solar energy is variable depending on the time of day, local weather and climatic conditions at the installation location; hence, having a reliable Pathway tocost-effective energy storage solution is important to mitigate the variability of renewable power and reap the full benefit of emission reduction. Currently, there are emission reductionseveral battery technologies available: some like Lithium-ion (Li-ion) technology are fully mature. Others, like Sodium-ion (Na-ion), are still under development but are considered viable alternatives to Li-ion technology. Climate change is a global phenomenontheir business model. Green regulations that is adversely impacting our planet.being contemplated by countries would The latest scientific report by the UNimpose strict standards on emissionsGreenhouse gasesIntergovernmental Panel on Climate Changeand promote the use of climate-friendly has detailed empirical evidence showinginitiatives such as the enhanced use of the impact of increased greenhouse gasrenewable power. Additionally, there will emissions on weather and climate patternsbe pressure from the public, as well asGreenhouse gases in earths across the globe.individual and institutional investors, toatmosphere act as a virtual maintain high environmental standards andgreenhouse, trapping the suns The report states unequivocally that thevisibly demonstrate steps taken to combatheat and preventing it from pace of climate change will continue unlessclimate change.deep reductions in carbon dioxide (CO 2 ) andleaving the atmosphere. other greenhouse gas emissions occur in theEnergy companies are seeking partners to coming decades. explore ways to improve their performanceThe main greenhouse gases are:on the emissions dashboard. In fact, these This crisis is also recognised by a vastoncoming changes present an opportunity majority of countries, including all majorto increase their efficiency and productivity,Water vapourglobal powers, and there is an effort byand ultimately, their profitability. Carbon dioxide(CO )several countries to regulate emissions fromMethane (CH ) 2new and existing installations and to provideChallenges of implementing Ozone (O ) 4incentives to reduce emissions. emission reduction 3Implementing emission reduction measuresNitrous oxide (N 2 O)Watershed for energy companies on existing installations presents a set ofChlorofluorocarbons (CFC)The traditional energy companies have beenunique challenges to the end user. Some of quick to realise this as a turning point inthe main challenges are as follows:'