Energy Transition

Pathfinding the route to low emissions energy

The world has agreed, via the Paris agreement of 2015, to reduce emissions of greenhouse gases (GHG). The objective is to limit “the increase in global average temperature to well below 2°C above pre-industrial levels” and pursue efforts to “limit the temperature increase to 1.5°C”. As carbon dioxide emissions are the largest contributor to GHG, many countries have adopted a “Net Zero 2050” stance, aiming to eliminate net emissions of CO₂ by 2050.

To achieve this goal, a variety of approaches are necessary. RISC’s multi-disciplined experts have years of experience advising on Energy Transition projects and provide clear and impartial advice during this period of significant change and transition. We can help our clients navigate the evolving landscape in the following areas:

• Carbon Capture, Use and Storage
  RISC has been advising on Carbon Capture, Use and Storage (CCUS) projects for over 20 years and supports the full lifecycle of CCUS projects. Our extensive experience spans CO₂ capture technologies, transport, injection methodologies, regulatory approvals, storage site requirements and feasibility studies for potential carbon storage locations including reservoirs.
• CO₂ emissions: estimation, reporting, and reduction
  RISC understands the need for consistent emissions reporting at both national and global levels. Over the years, we have assessed many projects against the Equator Principles and, more recently, in line with ISO and other standards. RISC has significant experience in assessing the most cost-effective ways of reducing emissions from current and planned projects.
• Hydrogen
  We help clients navigate the uncertainties associated with the development of hydrogen projects, addressing the challenges and evaluating their attractiveness for investment. RISC has conducted technical due diligence for clients looking to invest in both green and blue hydrogen projects and developed high-level strategies for the development of energy hubs that incorporate hydrogen production and use. RISC has reviewed naturally occurring hydrogen projects in the Middle East, Africa and Australia and has also advised governments on the development of regulatory regimes for hydrogen exploration and production.

Getting the energy mix right
The growing adoption of renewable energy is introducing greater volatility into conventional electrical supply grids, necessitating increasingly rapid reactions from dispatchable energy sources. In many countries, gas is currently the only reliable dispatchable energy option to meet this demand. RISC has been an advocate of gas partnering renewables for nearly a decade.