C-MACC Weekly “CRETER” (Climate etc.)
Power Struggle – Likely the Phrase of the Year for 2023!
- Renewable power is likely to be supply constrained for the next decade at least, with the desire for it eclipsing availability, potentially driving costs higher.
- The largest challenge, as a consequence, is likely to be hydrogen, as the lure of cheap power is driving investment ideas that are uneconomic without it.
- The pressure on wind and solar is driving a much greater focus on alternatives, especially nuclear, but also further use of natural gas and more hydropower.
- We focus on recycling and how the landscape may change because of lower polymer prices globally – polymer producers are likely to consolidate recycling.
- Otherwise, we look at expectations for CCS in 2023 – lots more partnerships and arguments about carbon values, and we discuss outlooks for Bloom and Origin.
See PDF below for all charts, tables and diagrams