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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050.
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.
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. —Pavlenko et al.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.
Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. Clean energy is also an important factor in reducing the carbon footprint involved in producing an electric car.
Some will suffer greatly from climate change, while others may even benefit. These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. —Cruz & Rossi-Hansberg.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each. Leap Photovoltaics Inc.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.
With the enactment of SB 1014 ( earlier post )—the Clean Miles Standard and Incentive Program—the California Air Resources Board (CARB) and the California Public Utilities Commission (CPUC) is to develop and to implement new requirements for transportation network companies (TNCs)—i.e.,
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. To fight against climate change, the transport sector needs true decarbonization.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
At the 2022 Advanced Clean Transportation (ACT) Expo, Hyundai Motor will share the progress of the NorCAL ZERO Project. Our ultimate goal is to fight climate change and build a sustainable future. We are running out of time to limit global warming.
A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. Source: “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition”.
A new study from the International Council on Clean Transportation (ICCT) has found that although liquid-hydrogen- (LH 2 )-combustion aircraft do not perform as well as their jet fuel counterparts, they can still play an important role in meeting aviation’s 2050 climate goals.
New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks. Some experts estimate that the known lithium resource in the Salton Sea can meet more than one-third of today’s global lithium demand. Global electric vehicle market growth is projected to rise from 1.7
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 report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.
billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. Successful projects under this second call will now start to prepare their individual grant agreements with the European Climate, Infrastructure and Environment Executive Agency (CINEA), the implementing agency of the Fund.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.
Nuclear is the second-largest low-carbon power source in the world today, accounting for 10% of global electricity generation. Over the past 50 years, the use of nuclear power has reduced CO 2 emissions by more than 60 gigatonnes: nearly two years’ worth of global energy-related emissions. It is second only to hydropower at 16%.
Vehicle fuel economy improvements have slowed globally, according to the latest report from the Global Fuel Economy Initiative (GFEI): Fuel Economy In Major Car Markets: Technology And Policy Drivers 2005-2017. Overall, global fuel economy has improved by an average of 1.7% SUVs now represent nearly 40% of the global LDV market.
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%
But what should surprise you is learn that when asked what he thought about the science of climate change and his own sense of urgency on global warming, First Bradford badmouthed California’s landmark Global Warming Solutions Act, AB 32, as “going too far.” How does it do that? Pretty simply -.
Bardin, AIChE’s 2023 President and GlobalClimate Transition Director at Dow, and Trish Kerin, Director of the IChemE Safety Center, during the 2023 World Hydrogen Summit and Exhibition, taking place May 9–11 in Rotterdam, The Netherlands. The letter of intent was signed on 10 May 2023, by Billy B.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, for the use of advanced biofuels. —Danny Smolders, Managing Director Global Sales at Hapag-Lloyd.
A climate-neutral alternative to petroleum-based fuels, they also offer the potential for significantly reduced overall emissions, allowing Tenneco’s Clean Air experts to better manage any remaining pollutants through the aftertreatment process. We are excited to be an active part in the development of this type of technology.
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
Yara Clean Ammonia (YCA) and Bunker Holding Group signed an MOU establishing the intention to collaborate to accelerate the development of the market for clean ammonia as a shipping fuel. This commitment will cover multiple global geographies and focus on serving First Mover initiatives spanning different regions.
In a globalized world, sustainable and clean fuels are essential for climate-neutral logistics. The program’s goal is to facilitate the development of low-carbon heavy-duty vehicles on hydrogen for logistic applications and gain practical experience in different regions.
A new International Council on Clean Transportation (ICCT) 2 -emissions-commercial-aviation-2018">report finds that aviation emissions are increasing 70% faster than UN projections that already point to a tripling of CO 2 by 2050. In other words, the climate challenge for aviation is worse than expected. That equals 2.4%
Among the broad elements of the proposal are: Enabling automakers to spur domestic supply chains from raw materials to parts, retool factories to compete globally, and support American workers to make batteries and EVs. Climate science and clean energy.
It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, communities, government agencies, and early adopters to meet their climate goals. The transportation sector is the largest source of greenhouse gas emissions in the United States, accounting for about 28% of total carbon emissions.
The data showed a 50% jump in efficiency each time the panels were cleaned after being left alone for several weeks. The manmade particles are also small and sticky, making them much more difficult to clean off. If cleanings take place every two months, those numbers jump to 25 or 35%. —Michael Bergin.
Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor.
Today, here in the South Bay of Los Angeles where I live, we have all the dots you’d ever need to connect the crisis level of global warming to the urgent action needed locally. If we continue our head-in-the-sand, business as usual path, we are headed straight for runaway, uncontrollable destruction of our livable climate.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.
CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE)
Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. This development is consistent with Air Products’ growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future. blue hydrogen).
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. of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility?
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are further expanding their long-standing partnership. DHL Global Forwarding has been working with GoodShipping for five years, sharing the same aspiration for greener ocean freight via insetting.
These are some of the findings of a new health assessment based on the Tropospheric Ozone Assessment Report (TOAR), an effort by the International Global Atmospheric Chemistry Project to create the world’s most comprehensive database of surface ozone observations from all available ozone monitoring stations around the globe. Click to enlarge.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 Clean power generation and electric transport are seeing heavy inflows, but need to see further increases in spending as costs fall. We need to be talking about trillions per year if we are to meet climate goals.
Building on an existing collaboration announced on 27 Jun 2018 with Ballard Power Systems, the leading global provider of proton exchange membrane (PEM) fuel cell solutions, ABB and HDF intend to optimize fuel cell manufacturing capabilities to produce a megawatt-scale power plant for marine vessels. —Damien Havard, CEO of HDF.
UN Climate Change published the Initial NDC Synthesis Report , showing nations must redouble efforts and submit stronger, more ambitious national climate action plans in 2021 if they’re to achieve the Paris Agreement goal of limiting global temperature rise by 2 °C—ideally 1.5 °C—by C—by the end of the century.
The tests will be conducted by researchers in the Clean Combustion Research Center (CCRC) at KAUST. Building more efficient and less polluting transport systems is a critical contribution to the circular carbon economy approach to tackling climate change. Al-Khowaiter, Aramco’s Chief Technology Officer.
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