Environment + Energy Leader
Summary
Due to the threat of global warming as well as international commitments to the Paris Accord on Climate Change, industrial producers in North America and Europe are tasked with significantly reducing their environmental footprint in record time.
In response, President Biden has set an aggressive new target for the US to achieve a 50% to 52% economy-wide, net greenhouse gas emissions reduction from 2005 levels by 2030. The announcement, made at the Leaders Summit on Climate held in April, challenges global leaders to raise their ambitions to truly tackle climate change on the scale required.
Biden’s new 2030 target increases the rate of US reductions compared to historic levels, while supporting existing goals to create a carbon pollution-free power sector by 2035 and net zero emissions economy by 2050.
The effort is also intended to create millions of good-paying, union jobs, ensure economic competitiveness, advance environmental justice, and improve the health and security of communities across America.
In December of last year, the European Union agreed to cut greenhouse gas carbon emissions by 55% by 2030 compared to 1990 levels. According to a recent report that has tracked the EU’s power sector since 2015, renewables surpassed fossil fuels last year (38% to 37%), indicating that industry is already pivoting away from carbon emissions.
While the interest of industry in electric boilers has waxed and waned in the last century, suddenly it is in vogue again. Whether to honor ESG goals, meet regulatory commitments, or take advantage of government credits and incentives, a growing number of industrial facilities are installing new or retrofit high-voltage electrode boilers that are compact, economical, and produce no emissions.
This is, in part, due to technological advances in electric boiler design that increase the output to a level that rivals even large gas or oil-fired boilers. Whether utilized to produce high-pressure steam in power plants, replacing fuel boilers, for district heating, or maintaining power demand-supply balance, electric-powered alternatives are sure to be a critical piece of the puzzle in meeting future emission reduction goals.
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