Natural Gas: Meeting CO2 Emission Targets Here and Now
Global energy consumption trends are running counter to the need to rapidly and drastically reduce greenhouse gas (GHG) emissions. The increasing demand for energy and associated growth in emissions means that we must deploy market-ready, commercially-available solutions now. Europe’s recently enacted heavy-duty CO2 regulations require truck OEMs to achieve a fleet average CO2 reduction of 15% (by 2025) and 30% (2030) from the 2019 industry baseline, with significant fines for missing these targets. OEMs are under considerable pressure to abandon the internal combustion engine (ICE) and move toward fuel cells and battery electric solutions. This drive away from ICEs has gathered considerable momentum, but also misses the short term reality – the infrastructure and overwhelming mass of existing product is built on the ICE, and it will take time and considerable investment to replace.