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DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. CSIRO is excited about the potential for DICE to lower power costs, halve carbon dioxide intensity and create a new export market for both brown and black coal.
Base case economics for EVs in North America are very challenging, absent significant disruption in oilprice or battery cost. Cleanercoal through carbon capture and sequestration. If these barriers can be overcome, advanced biofuels could significantly disrupt the status quo in fuel markets. Click to enlarge.
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The executives also foresee shale oil and gas having a transformative effect on helping to meet the world’s energy needs, according to the results of the 9 th Annual Energy Survey conducted by the KPMG Global Energy Institute.
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For example, at peak oilprice in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. ” Some of the main lessons drawn from the report include: Fossil-fuel subsidies absorb serious amounts of money.
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