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Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. Questions around the long-term carbon-storage capacity of forests and soils remain, as a forest might be logged, devastated by fire or altered by climate change.
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. As a result, the carbon footprint of the production process could even be negative.
A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. The financial community has a critical role to play in supporting sustainable development, including the transition to a low carboneconomy. —Carla de Geyseleer, Chief Financial Officer.
It’s no secret that we are in the midst of a rampant climate crisis. Electric vehicles are one of the most powerful climate solutions today—but also one of the most under-utilized. In order for Polestar to prove that it has reached carbon neutrality, traceability will be absolutely key.
Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. —Robert Schuetzle, CEO of Infinium.
Inspired by naturally occurring processes, a team of Boston College chemists used a multi-catalyst system to convert carbon dioxide to methanol at the lowest temperatures reported with high activity and selectivity. It can be produced from hydrogen and carbon dioxide, mitigating greenhouse gas emissions and storing hydrogen in the process.
Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.
To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change, according to a new report from the National Academies of Sciences, Engineering, and Medicine.
announced its next environmental sustainability strategy—PLANET 2050—which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change. By 2050, Cummins is targeting net-zero carbon emissions. Cummins Inc. —Eric Olson, Senior Vice President at BSR.
LanzaTech UK and direct air capture technology company Carbon Engineering have partnered on a project to create sustainable aviation fuel (SAF) using atmospheric carbon dioxide (CO 2 ). The technologies enabling project AtmosFUEL are proven climate solutions that are being deployed globally.
Advocacy group Coltura has published a report that finds converting the biggest users of gasoline to EVs in the next ten years is critical to reaching climate goals and that present EV policies are poorly suited to accomplishing that conversion.
FlyZero is the UK’s Aerospace Technology Institute (ATI) project aiming to realize zero-carbon emission commercial aviation by 2030. Funded by the Department for Business, Energy and Industrial Strategy, the project FlyZero began in early 2021 as an intensive research project investigating zero-carbon emission commercial flight.
The hydrogen strategies recently adopted by the state of North Rhine-Westphalia as well as those of the German Federal Government and the European Union underline the importance of hydrogen for a climate-neutral society. They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe.
Promoting renewable energy and circular economy—including the shared use of vehicles and product design that supports reuse and recycling—will help maximize the benefits of shifting to electric vehicles, according to the report. —“Electric vehicles from life cycle and circular economy perspectives”.
Only under the final scenario—named “Forced Revitalization”—in which the pandemic’s disruptive impact to the global economy and mobility combined with strong government intervention to accelerate alternative technologies did oil demand decline after 2025. C temperature rise along the net zero carbon trajectory.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
With nuclear power facing an uncertain future in many countries, the world risks a steep decline in its use in advanced economies that could result in billions of tonnes of additional carbon emissions, according to a new report by the International Energy Agency. If other low-carbon sources—i.e.,
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.
In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to align their business strategically with the goals of the Paris Agreement on Climate Change and the Sustainable Development Goals, and scale up their contribution to the achievement of both.
LanzaJet, a sustainable fuels technology company and renewable fuels producer, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia ( earlier post ), through the Microsoft Climate Innovation Fund. LanzaJet produces SAF and renewable diesel from low-carbon, sustainable ethanol sources.
A preliminary analysis of global data has found that carbon dioxide emissions from fossil fuel sources reached a maximum daily decline of 17% in April as a result of drastic decline in energy demand that have occurred during the COVID-19 pandemic. —CSIRO researcher and Global Carbon Project Director Dr Pep Canadell.
In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions.
Key findings from the 1990-2019 US Inventory include: In 2019, US greenhouse gas emissions totaled 6,558 million metric tons of carbon dioxide equivalents, or 5,769 million metric tons of carbon dioxide equivalents after accounting for sequestration from the land sector.
The research and development of this technology is being part funded by the German Ministry for Economic Affairs and Climate Action. Last year, Rolls-Royce announced a pathway to net zero carbon emissions and its electrical technology is one way in which the company is helping decarbonize critical parts of the global economy.
Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. The hydrogen liquefaction facility will play a critical role in the developing hydrogen economy across Western Canada.
A combination of falling costs for solar and wind power, improved performance as well as economies of scale for electrolyzers could make it possible. Today, green hydrogen is 2-3 times more expensive than “blue” hydrogen, produced from fossil fuels in combination with carbon capture and storage (CCS). Source: IRENA.
Fisker aims to produce a climate-neutral vehicle by 2027. The company seeks to utilize only climate-neutral materials in products and use only climate-neutral services to support the business. The supply chains of suppliers and logistics partners may contain offsets to achieve climate neutrality. —Henrik Fisker.
The UK government has launched a Hydrogen Strategy intended to create a thriving low-carbon hydrogen sector—blue and green—in the UK over the next decade and beyond. The government says that a booming, UK-wide hydrogen economy could be worth (£900) million (US$1.24
The US Department of Agriculture has awarded Bridgestone and several partners a $35-million grant to continue its investment in desert shrub guayule ( earlier post ) to advance a climate-smart domestic rubber industry and offer a solution for growers amid the ongoing water crisis in the Southwestern US.
Chan School of Public Health, and consulted by dozens of experts in academia, updates ethanol’s carbon intensity score to reflect how continuous improvements in technology and practices have driven further emissions reductions in the lifecycle of ethanol and will lead to net zero renewable fuel in the future. gCO 2 e/MJ (range of 37.6
Operation with natural gas or biomethane makes the compact model economical and more climate-friendly with low emissions. The ultra high-strength outer shell comprises two layers: an inner layer of carbon fiber-reinforced polymer (CFRP) and an outer layer of glass fiber-reinforced polymer (GFRP).
there is substantial variation in emissions based on where and when a vehicle is charged and operated, due to the impact of ambient temperature on fuel economy and the spatiotemporal variability in grid carbon intensity across the United States. This is an important study to inform and encourage climate action.
All the participating jurisdictions are members of the Transportation and Climate Initiative (TCI), a regional collaboration of Northeast and Mid-Atlantic states and the District of Columbia that seeks to improve transportation, develop the clean energy economy, and reduce carbon emissions from the transportation sector.
The European Commission is proposing modernizing EU legislation on batteries; this would be the first initiative delivered among the actions announced in the new Circular Economy Action Plan. They promote competitive sustainability and are necessary for green transport, clean energy and to achieve climate neutrality by 2050.
The Government of Canada has launched its Hydrogen Strategy , a framework that seeks to position Canada as a global hydrogen leader, cementing this low-carbon and zero-emission fuel technology as a key part of a path to net-zero carbon emissions by 2050. The Strategy is underpinned by a federal investment of $1.5
Wärtsilä’s X-Ahead project is aimed at developing deep expertise of both the technical and business potential of Power-to-X, which will be used to promote a carbon-neutral economy for Finland. It will also act as a base for defining Wärtsilä’s role in this field as part of the global transition to carbon-neutral solutions.
Finally, USDA has set benchmarks; these targets will help measure progress toward meeting the food, fiber, fuel, feed, and climate demands of the future. Biofuels are a critical piece of meeting the demands of our future transportation needs while lowering our carbon footprint.
In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power. —IEA Executive Director Fatih Birol.
The Penwell facility will be the first gasoline manufacturer in the world to incorporate carbon capture and sequestration. By making our gasoline from natural gas, renewable natural gas, and captured flare gas rather than crude oil, Nacero will offer America’s 225 million drivers an affordable, everyday climate solution.
After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The pandemic has created disruption in the global energy sector, but low gas prices will ultimately stimulate demand growth as the economy recovers. Low-carbon gas.
These companies believe that accelerating investment in hydrogen will help the US deliver on its climate goals while creating a stronger economy with new, good-paying jobs. The founding members—Air Liquide, Anglo American, Bloom Energy, CF Industries, Chart Industries, Cummins Inc.,
The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. Major carbon savings can be made in the short term, enabling national climate targets to be achieved.
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