COP26- “There’s no future for oil and gas in a 1.5 degree world”

Their message is clear: tomorrow’s world has no room for oil or gas. The launch of the new alliance BOGA (Beyond Oil and Gas Alliance), announced at the COP26 Climate Change Conference, seeks to bring an end to fossil fuel supply. “Science has made it clear – the fossil era needs to come to an end”, told Dan Jørgensen, Minister for Climate, Energy and Utilities, Denmark, one of the founders helping lead the coalition of 11 countries. Jørgensen makes it clear that “There’s no future for oil and gas in a 1.5-degree world” and the only way to keep global heating below 1.5 degrees is a “managed decline of fossil fuel production”.

The COP26 summit has made evident that the future of fossil fuels is bleak. As such, it is imperative that industries adapt. Switching from fossil fuel-based energy sources to the HighLift heat pump could reduce emissions by nearly 1300 metric tonnes of CO₂ per year. This itself is an astounding figure but add to this the fact that installing our innovative heat pump could generate savings, owing to its efficiency. Going green doesn’t have to mean losing out- our cutting-edge technology allows your business to thrive whilst helping your efforts to combat climate change.

Energy 4 Planet

The focus is now on waste heat recovery

National targets for 2050 mean that industries must intensify efforts to seek out opportunities that will allow them to reach their near zero emissions. Energy efficiency needs boosting, whilst the use of fossil fuels must be phased out and replaced with renewable alternatives. As part of Olvondo Technology’s commitment to utilizing waste heat, we’re now increasing our capacity for production of the HighLift heat pump.

Olvondo Technology opening a new office on the western coast of Norway

The CEO’s speech at the ENOVA conference you should listen to

Olvondo Technology’s CEO, Stefano Vittor, presents at renowned event, the Enova Conference. The conference is a gathering where innovative ideas around energy and climate technology are exchanged.