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Saying that “ investment-grade climatechange and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climatechange.
The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climatechange. —PCAST letter to the President. The six key components are: 1.
US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8
The technology group Wärtsilä has issued a report ahead of COP26, the UN’s ClimateChange Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. As utilities do this, the mindset of energy leaders will change.
Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climatechange targets and a company objective for net zero emissions from operations by 2050. The production of aluminium, copper and high-grade iron ore will play a part in the transition to a low carbon economy.
This article shows that including offsets in climatechange legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,
The Premier of Québec François Legault, and the Minister of the Environment and the Fight against ClimateChange and Minister responsible for the Laval region, Benoit Charette, unveiled the 2030 Green Economy Plan (PEV 2030) and its first 2021-2026 implementation plan, with an envelope of $6.7 billion over five years.
In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.
Estimated consumption subsidies, industrial and developing countries, fossil fuels and renewables. Fossil fuel subsidies continue to far outweigh support for renewable energy, according to new research conducted for the Worldwatch Institute’s Vital Signs Online service. Source: Worldwatch. Click to enlarge.
a,b, Baseline cases (top dark-blue bar) and changes in emissions associated with increasing LDV travel demand, fuel consumption standards and electrification assuming current fuel economy policy (SAFE standards) (a) and stringent fuel economy policies (CAFE standards for conventional vehicles, along with high vehicle size and weight control) (b).
Thankfully, renewable diesel offers a drop-in solution that delivers immediate environmental benefits and requires zero new investments. Driving towards a circular economy. Over the lifecycle of the fuel, Neste’s renewable diesel can reduce GHG emissions up to 75% [1] compared to fossil diesel.
This decrease was driven largely by a decrease in emissions from fossil fuel combustion resulting from a decrease in total energy use in 2019 compared to 2018 and a continued shift from coal to natural gas and renewables in the electric power sector. CO 2 emissions decreased 2.2% from 2018 to 2019.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climatechange. Earlier post.).
The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB ClimateChange Advisors (DBCCA). Source: DBCCA.
Climatechange is the greatest threat to natural landscapes, marine ecosystems, and fishing industries in Rhode Island and Massachusetts. These changes will drastically alter the fishing industry and the economy. These changes will drastically alter the fishing industry and the economy.
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. In the future, fossil fuels will be replaced by these renewable synthetic fuels to mitigate climatechange, the company said.
Simple, effective solutions that can help lessen the impact of climatechange already exist. Rahman, a power expert and professor of electrical and computer engineering at Virginia Tech , is the former chair of the IEEE ad hoc committee on climatechange.
continued] The post Hydrogen for Energy Serves Fossil Fuel Interests Not ClimateChange or Economy appeared first on CleanTechnica. The hype glitter is starting to tarnish, but there is still a lot of substance-less shiny noise around the molecule. To that end, I stepped through the challenges and why hydrogen is virtually.
Unlike conventional fuel manufacturing, e-fuels are synthesized from green hydrogen—produced by water electrolysis using renewable electricity—and carbon dioxide, resulting in 80% lower lifecycle emissions. The tests will be conducted by researchers in the Clean Combustion Research Center (CCRC) at KAUST.
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. gigatonnes last year, the same as the previous two years, while the global economy grew 3.1%, according to estimates from the IEA.
We face a growing crisis of climatechange and nature loss and we all need to take action with urgency. For 15 years, we have been partnering to do the work and continually raising our sustainability ambitions across climate action, nature, waste and people. —Doug McMillon, president and CEO, Walmart, Inc.
Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. Samsung Ventures’ investment will expand Raven SR’s global reach to South Korea, a driving force in the hydrogen economy.
Canada’s First Ministers (The Prime Minister of Canada and the provincial and territorial premiers) issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and ClimateChange following the First Ministers’ Meeting. The Framework outlines actions that will grow the economy while reducing GHG emissions.
The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.
The Administration said that the ambitious target is grounded in analysis of cost-effective carbon pollution reductions achievable under existing law and will keep the United States on a trajectory to achieve deep economy-wide reductions on the order of 80% by 2050.
IEEE continues to raise its visibility as a trusted voice on mitigating the effects of climatechange. ClimateChange Conference (COP29). Then in December, IEEE and the International Telecommunication Union held a symposium on achieving climate resilience.
A new study published by the Pew Center on Global ClimateChange finds that combined actions across three fronts—technology, policy, and consumer behavior—could deliver up to a 65% reduction in transportation emissions from current levels by 2050. Source: Greene and Plotkin (2011). Click to enlarge. gigatons in 2010 to 2.3
As electricity increasingly comes from renewables, total electric vehicle GHG emissions will continue downward, but that will take at least a decade or more to happen everywhere across the U.S. Behavioral change is hard How willing are people to break their car dependency and other energy-related behaviors to address climatechange?
To solve the climate crisis, we need to cut this in half by 2030, and get to zero by 2050. For electricity generation, this means the United States alone needs to increase renewable-energy capacities by 10 times over the next 12 years , which roughly translates to a mind-boggling 400,000 more wind turbines and 2.5 seconds per part.
The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment, according to a new report by the Economist Intelligence Unit (EIU) sponsored by Swiss Re.
World energy growth over the next twenty years is expected to be dominated by emerging economies such as China, India, Russia and Brazil while improvements in energy efficiency measures are set to accelerate, according to BP’s latest projection of energy trends, the BP Energy Outlook 2030. Click to enlarge. Coal will increase by 1.2%
“Pack Up Your Toxic, Fossil Fuel Factory With Its Climate-Changing Products & Get Out of Town By 2020!&# I’m thinking he likes our carbon-based economy just the way it is. is also the very same company that has paid tens of millions of dollars, year after year to spread FUD about their role in climatechange.
billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. China was the only major economy to experience economic growth in both 2020 and 2021. In the European Union, they were 2.4%
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.
The recent productivity advances in Viridos’ technology are an opportunity to turn CO2 into renewable diesel and sustainable aviation fuels, providing an essential component for the decarbonization of the heavy-duty transportation industry. —Vijay Swarup, vice president of Research and Development at ExxonMobil.
Fifty years later, the USA is faced with a similar challenge, energy independency and climaticchange. On December 16, 2010 the US DOE Energy Information Agency (EIA) published a report projecting that renewable energy will still only constitute 12 percent of the USA’s energy sources by 2035. Source: EIA. Click to enlarge.
The official data, submitted on behalf of the EU to the United Nations Framework Convention on ClimateChange (UNFCCC), show that EU Member States managed to reduce collectively their emissions by 3.8% below 1990 levels, not accounting for carbon dioxide removals from land use, land-use change and forestry (LULUCF) activities.
CARB developed the program to help support a return to 1990 levels of climate-changing gases by 2020, as required by AB 32, the 2006 landmark climate bill. Now a climate target of an additional 40 percent overall reduction of climate-changing gases is in place for 2030, under SB 32.
Addressing climatechange requires not only a clean electrical grid, but also a clean fuel to reduce emissions from industrial heat, long-haul heavy transportation, and long-duration energy storage. However, they note, a clean US hydrogen economy will require a comprehensive strategy and a 10-year plan. —Arun Majumdar.
Brazil’s Minister of Environment Izabella Teixeira and Brazilian National Development Bank (BNDES) President Luciano Coutinho announced the launch of a new credit line to support projects focused on greenhouse gas reduction and climatechange solutions. Renewable energy. Efficient machinery and equipment.
Developed countries would reach agreement with emerging economies such as Brazil, China, and India as to whether or not emerging economies should set emissions reduction targets. afforestation, avoided deforestation, carbon capture and storage, energy efficiency measures, renewable energy generation) would be established.
The London Future Cities Catapult will look at ways in which services across areas such as health, transport, energy and public safety can be integrated, helping to boost the economy and benefit citizens. The Future Cities Catapult center will work in collaboration with the Future Cities demonstrator project in Glasgow.
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. trillion in developing economies. trillion per year by 2050.
An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%. Far less progress was made in other sectors of the economy. Emissions from buildings, industry and other parts of the economy rose, though less than in 2018.
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