The Need to Count Carbon – All Things Renewable Are Not Good

The route to renewable fuels and materials is not as simple as using a plant-based input, and carbon sources and sinks matter. The need for audits will rise.
Global accounting firms are staffing up – some dramatically – because they see a need to verify ESG claims, and we think carbon intensity will be top of the list.
Our research and analysis suggest that aviation fuel will be the most significant renewable need from a volume perspective, and demand should exceed supply.
We discuss the Shell energy transition report published today, concluding that it is a good report of progress and intent but will unlikely be enough to calm activists.
Otherwise, we discuss possible shortfalls in the supply of recyclable material, blue versus green (CCS will be critical), renewable power (again), and geology.

See PDF below for all charts, tables and diagrams