Addressing climate change must be an urgent global priority. To change course, the world must act quickly to decarbonize every aspect of modern life, from transportation to power. This requires a global effort built on cooperation and coordination from every major institution, government, and company to face and meet the challenge.
GE knows that the power sector serves as a model for other industries around the world. We believe that lower-carbon solutions, such as renewable energy supported by gas power, can contribute to a more decarbonized energy future. Their complementary nature offers tremendous potential to help cut carbon emissions with the speed and scale the world requires.
When it comes to gas power, coal-to-gas switching represents a fast and effective win for emissions reduction in many regions around the world. In addition, switching turbines from natural gas to hydrogen, and introducing carbon capture solutions, can lead to low or near zero carbon emissions.
GE offers the industry’s most experienced gas turbine fleet in hydrogen and similar low-BTU fuel operations, with more than eight million operating hours in decades of use across more than 100 gas turbines. And we continue to invest in research and development into hydrogen and carbon capture technologies in close partnership with GE’s Global Research Center—to help further advance a low or near-zero carbon footprint for gas power.
Our position on decarbonization takes into account the “trilemma” facing every country when it comes to the future of energy: simultaneously balancing affordability, reliability, and sustainability. Depending on the level of economic development in each country, the solution to the trilemma looks different. We offer customized technology that supports decarbonization across the mix of energy sources unique to each grid. Our world-record-holding high efficiency gas turbines and upgrade solutions, fast and flexible aeroderivatives and tailor-made studies by our Energy Consulting team can make a more universal decarbonization of the energy system possible and easier.
Congress has enacted two landmark climate change laws—the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA). Both aim to reduce U.S. greenhouse gas emissions by more than 40%* by 2030 while also advancing U.S. investments in breakthrough power solutions. With the industry's broadest portfolio across the energy value chain, GE is uniquely positioned to help the United States see the promise of these laws become reality.
The IRA includes multiple clean-energy tax credits, helping to promote U.S. energy security, create jobs and investments, and reduce CO2 emissions. GE's portfolio of collective expertise in wind, gas, hydro, storage, nuclear, and grid will help accelerate the country's energy transition—today and in the future.
The IIJA is a once-in-a-generation investment in our nation’s infrastructure and competitiveness. The law is aimed at modernizing the electricity grid to improve resiliency. IIJA also invests in the deployment of breakthrough technologies to accelerate energy innovation.
Together, renewables and natural gas will help drive towards a cleaner energy future. And no one is better prepared to deliver that future than GE. Through our reach. Our knowledge. Our commitment. To building a more sustainable world. A cleaner world. A better world. A world that works for all of us. Take a look at how we are building a pathway to zero emissions.
GE has always been a technology leader in the power sector, and we will continue to bring cutting-edge technology to customers to enable their commercial success. Our gas power technology continues to evolve to bring more value to our customers and ensure gas power’s relevancy for decades to come as the power sector decarbonizes.
GE knows there’s not a one-size-fits-all technology solution for decarbonization. The optimum choice for a specific region or country depends on many factors—including fuel availability, pricing and security, land constraints, where the region is in its transition to a decarbonized future, and any decarbonization policies or commitments that are in place or anticipated.
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