AFRY’s Fossil Detox Report Outlines Key Steps for Accelerating the Global Transition from Fossil Fuels

AFRY’s Fossil Detox Report Outlines Key Steps for Accelerating the Global Transition from Fossil Fuels

(IN BRIEF) AFRY’s newly released Fossil Detox Report, unveiled during New York Climate Week, highlights the urgent need for a global transition away from fossil fuels. The report identifies critical technologies like smart grids, energy storage solutions, and carbon capture, as essential to this shift. It also outlines nine key strategies to accelerate the transition, including setting long-term emission targets and promoting CO2-free technologies. AFRY’s CEO, Jonas Gustavsson, emphasized the necessity of reducing the costs of renewable energy, particularly wind and solar, by 20% by 2030 to ensure competitiveness. The report calls for global cooperation to achieve climate goals and sees this transition as an opportunity for innovation and economic growth.

(PRESS RELEASE) SOLNA, 23-Sep-2024 — /EuropaWire/ — AFRY has released its latest Fossil Detox Report during New York Climate Week, emphasizing the urgent global need to move away from fossil fuels. The report outlines key technologies and strategies necessary to speed up this transition, aiming to mitigate the impacts of the ongoing climate crisis.

The Fossil Detox Report provides a comprehensive analysis across essential sectors such as electricity grids, hydrogen, and energy storage. It sets out a clear roadmap to drive the climate transition forward, highlighting areas where greater effort is needed.

“While we have seen rapid growth in renewable technologies, this report makes it clear that much more is required to meet global climate goals,” said Jonas Gustavsson, President and CEO of AFRY. He further noted that AFRY’s projections indicate a 20% reduction in the average lifetime costs for wind and solar energy, particularly for offshore wind, will be necessary by 2030 to maintain competitiveness.

The report stresses the vital role of smart grids in integrating renewable energy sources, improving energy efficiency, and strengthening system resilience. In addition, it identifies advanced energy storage solutions and carbon capture and storage (CCS) as pivotal in supporting the energy transition.

To accelerate the shift, the Fossil Detox Report outlines nine key measures, including setting long-term emission reduction goals, creating sector-specific strategies, incentivizing CO2-free technologies, and optimizing current energy systems. The report also highlights the importance of innovation in hard-to-decarbonize industries.

Jonas Gustavsson concluded with a call for global cooperation: “As we approach critical climate meetings, it’s essential that the international community comes together to renew commitments to sustainability. At AFRY, we see this transition as not just a challenge but an opportunity for innovation, economic growth, and social progress. Together, we can create a more sustainable and prosperous future.”

For further details on the Fossil Detox Report, visit AFRY’s website.

AFRY provides engineering, design, digital and advisory services to accelerate the transition towards a sustainable society.

We are 19,000 devoted experts in industry, energy, and infrastructure sectors, creating impact for generations to come. AFRY has Nordic roots with a global reach, net sales of 27 BSEK and is listed on Nasdaq Stockholm.

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Media Contact:

Andrea Giesecke
Head of PR
Andrea.giesecke@afry.com

SOURCE: AFRY