Low Carbon Fuels are energy sources that produce significantly fewer greenhouse gas emissions compared to conventional fossil fuels during their production and consumption lifecycle. These fuels are essential components of global decarbonization strategies, aiming to mitigate climate change by reducing the carbon footprint of transportation and industrial sectors. Examples include biofuels, synthetic fuels produced with renewable energy, and hydrogen. Their development and adoption are crucial for achieving sustainability goals.
Context
News discussions around Low Carbon Fuels often focus on their role in achieving sustainability targets, particularly in hard-to-abate sectors like aviation and heavy industry. The debate frequently involves the scalability of production, cost-effectiveness, and the regulatory frameworks required to accelerate their adoption. Blockchain technology is increasingly being explored for its potential to verify the origin and carbon intensity of these fuels, enhancing transparency and preventing greenwashing in supply chains. The progress in developing and deploying these fuels is a key indicator of global climate action.
The blockchain-based "book and claim" system integrates a new supplier, enhancing the traceability and scalability of verified Sustainable Aviation Fuel credits.
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