Decarbonization is the process of reducing human-caused carbon emissions. As governments, businesses, and communities worldwide seek to reduce their dependence on fossil fuels, they realize that achieving decarbonization is a principal challenge.
In this article we share:
- What has been learned about decarbonization initiatives that maximize economic and environmental benefits while minimizing social and financial costs
- The Past - where decarbonization first started back in 2005 with the European Emission Trading System
- The Present - Scope 1, Scope 2 and Scope 3 emissions and how refineries are responding to the 2015 Paris Agreement with new technologies and processes
- The Future – the concept of a System of Systems approach to enable clusters of industrial sites owned by different operators to achieve higher optimization through the sharing of select operational information