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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. per million Btu (MMBtu).

Argentina 150
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UK power crisis – entirely the fault of regulators and ministers

EV Info

Additional fees and charges added to electricity prices. Implementing a price cap for retailers. Right now, production is low in Russia, so the cost has increased. The unit cost of Gas in the UK is 4 times the price of US Gas. – Why, simple the US embraced Fracking to produce bountifully supplies of cheap gas.

Power 98
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Mad Power thoughts

EV Info

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change. Gas is the only answer.

Power 52
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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).

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PBL Study Finds Developed Countries Proposals for Copenhagen Fall Short for Reaching 2 °C Climate Objective

Green Car Congress

In addition to the analysis of the current proposals, the report describes a scenario with reductions that would limit global warming to 2 degrees above the pre-industrial level, based on comparable efforts of Annex-I countries. Canada’s pledges are 25% lower and those of Russia and the Ukraine are even over 35% lower than required.

Climate 186
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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia might even become, miraculously and temporarily, less intransigent, and Europe might then welcome status quo ante. Economically punishing Russia is difficult to do, for a variety of reasons. Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive.

Ukraine 128