McKinsey, Global Consulting Firm, States That Demand for Sustainable Fuels Is Expected to Triple By 2050, Driven by Transportation Decarbonization

Written by Ruth Rodrigues

Published on 25/07/2022 at 12:25

Foto: iStock

Seja o primeiro a reagir!

McKinsey Consulting Conducted Research on Sustainable Fuel Consumption Until 2050 and Indicated That Demand Is Expected to Triple During This Period Due to the Need for Decarbonization in the Transportation Sector.

After the release of the results of its study on sustainable fuel consumption until 2050, McKinsey Consulting has, on this Monday (07/25), a positive outlook for the years ahead. This is because the data shows that, due to the need for decarbonization in the transportation sector, especially in road transport, the demand for this type of resource could reach triple by the end of 2050, particularly highlighting green diesel (HVO), bioethanol, and synthetic fuels.

McKinsey Consulting Conducts Research on Sustainable Fuel Consumption in the Coming Years and Projects Significant Increase in Demand for Resources

McKinsey Consulting is focusing its studies on future projections for the use of sustainable fuels in the transportation sector and has released a report with the projected data for the year 2050. The data indicates that the growth in the share of sustainable fuels in transportation energy demand could reach 7% to 37%, depending on the levels of climate ambition among countries.

Thus, the demand for sustainable fuels could increase to triple by the end of 2050, mainly due to the strong debate surrounding the use of these resources in the quest for decarbonization of the transportation sector, focusing on aviation, one of the most challenging to decarbonize.

ARTICLE CONTINUES BELOW

Sustainable Fuels Will Positively Contribute in the Short Term to Reducing Pollutant Emissions in the Transportation Sector Worldwide

In addition to analyzing the future scenario for 2050 and a medium-term scenario in 2035, McKinsey Consulting also pointed out that sustainable fuels will be essential for contributing in the short term to the sustainability plans of countries.

This is because they will help countries meet their greenhouse gas (GHG) emission reduction targets, while the electrification of transportation will need a few more years to consolidate.

“Even in a world with rapid adoption of electric vehicles — where they account for about 75% of total vehicle sales by 2030 — meeting regulatory GHG reduction targets for transportation may require a significant contribution from sustainable fuels. Before electrification is completed, achieving GHG reduction targets in most countries will require the use of sustainable fuels (both bio-based and synthetic) directly in existing fleets,” states McKinsey’s study.

This is because the basic electrification of light-duty vehicles, such as cars and smaller trucks, is already quite established worldwide, but there is still a long way to go regarding large vehicles, such as larger trucks and buses.

McKinsey, Global Consulting Firm, States That Demand for Sustainable Fuels Is Expected to Triple By 2050, Driven by Transportation Decarbonization

McKinsey Consulting Conducted Research on Sustainable Fuel Consumption Until 2050 and Indicated That Demand Is Expected to Triple During This Period Due to the Need for Decarbonization in the Transportation Sector.

McKinsey Consulting Conducts Research on Sustainable Fuel Consumption in the Coming Years and Projects Significant Increase in Demand for Resources

Sustainable Fuels Will Positively Contribute in the Short Term to Reducing Pollutant Emissions in the Transportation Sector Worldwide

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

An analysis by NASA highlighted that the Great Wall of China and the Pyramids of Egypt are not visible to the naked eye from the International Space Station, and only one man-made structure is visible in this way.

Giant silos with a capacity of 300,000 tons have been erected outside the Strait of Hormuz to safeguard the supply of the Gulf; this megainfrastructure transforms Fujairah into one of the most strategic food vaults on the planet in times of crisis.

Little known, the Veryovkina cave is considered the deepest in the world, with over 2,200 meters, defying any comparison.

Famous singer and Chinese manufacturer enter the dirty list of slave labor; operation rescues 14 employees on a farm in Goiás and 220 workers at a construction site in Bahia; punishment is a fine.

35 medical entities criticize the MP that automatically renews driver’s licenses without fitness exams: they say that diseases do not show up in fines; Congress analyzes RNPC after 38,253 deaths and a cost of R$ 400 million directly to SUS.

Brazil secures a foothold in one of the largest markets in Africa, gaining authorization to sell 17 products to Ethiopia, including beef, pork, and chicken, as well as sugar, grains, and ethanol.

McKinsey, Global Consulting Firm, States That Demand for Sustainable Fuels Is Expected to Triple By 2050, Driven by Transportation Decarbonization

McKinsey Consulting Conducted Research on Sustainable Fuel Consumption Until 2050 and Indicated That Demand Is Expected to Triple During This Period Due to the Need for Decarbonization in the Transportation Sector.

McKinsey Consulting Conducts Research on Sustainable Fuel Consumption in the Coming Years and Projects Significant Increase in Demand for Resources

Sustainable Fuels Will Positively Contribute in the Short Term to Reducing Pollutant Emissions in the Transportation Sector Worldwide

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

An analysis by NASA highlighted that the Great Wall of China and the Pyramids of Egypt are not visible to the naked eye from the International Space Station, and only one man-made structure is visible in this way.

Itaipu receives proposals in the renewable energy tender and reinforces the role of public universities in the energy transition with projects that can reduce costs, increase academic investments, and accelerate sustainable innovation in the country.

Claro operator reveals a silent change with hundreds of clean energy plants and shows how sustainability is impacting over 80% of its operations in Brazil.

Billion-dollar strategic alliance: Brazil and China join forces in infrastructure and technology projects to lead the creation of a global green corridor in the energy transition.

Brazil bets on biomethane, ethanol, and hydrogen as the definitive solutions for the decarbonization of heavy vehicles and the reduction of emissions in cargo transportation.

Research reveals that the vast majority of national consumers are not willing to pay more for renewable energy despite their support for sustainability.

Giant silos with a capacity of 300,000 tons have been erected outside the Strait of Hormuz to safeguard the supply of the Gulf; this megainfrastructure transforms Fujairah into one of the most strategic food vaults on the planet in times of crisis.

Little known, the Veryovkina cave is considered the deepest in the world, with over 2,200 meters, defying any comparison.

Famous singer and Chinese manufacturer enter the dirty list of slave labor; operation rescues 14 employees on a farm in Goiás and 220 workers at a construction site in Bahia; punishment is a fine.

35 medical entities criticize the MP that automatically renews driver’s licenses without fitness exams: they say that diseases do not show up in fines; Congress analyzes RNPC after 38,253 deaths and a cost of R$ 400 million directly to SUS.

Brazil secures a foothold in one of the largest markets in Africa, gaining authorization to sell 17 products to Ethiopia, including beef, pork, and chicken, as well as sugar, grains, and ethanol.