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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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.
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
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.
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. Improving coordination and support for research efforts on climatechange preparedness.
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 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.
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.
From Today’s, December 9, New York Times: Thomas Friedman, “If we prepare for climatechange by building a clean-power economy, but climatechange turns out to be a hoax, what would be the result? Well, during a transition period, we would have higher energy prices.
This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climatechange. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewablewind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.
East Anglia Offshore Wind Ltd., gigawatt wind farm off the eastern coast of the United Kingdom. Ibedrola Renovables’ subsidiary ScottishPower Renewables will collaborate with Vattenfall on the project. Upon completion, it will be the worlds largest offshore wind farm until the East Anglia Array is completed.
The Dolphyn project showcases a floating semi-submersible design with an integrated wind turbine, PEM electrolysis and desalination facilities. The project concerns the production of hydrogen at scale from offshore floating wind in deep water locations. The hydrogen projects receiving funding are: Dolphyn. Contract value: £3.12
To reach the level of investment in new renewable power generation needed to avert dangerous climatechange, $12.1 Among the report’s key highlights: Achieving the Paris climate agreement’s goal to limit global temperature rise to below 2 degrees Celsius will require $12.1 This includes an additional $5.2
A renewable energy share of around 30% by 2030 would be “appropriate” for the UK, with scope for a higher share (e.g. A renewable energy share of around 30% by 2030 would be “appropriate” for the UK, with scope for a higher share (e.g. —Renewable Energy Review. Renewable transport.
Enviva, a global renewable energy company specializing in sustainable wood bioenergy, and Mitsui O.S.K. This will include the “Wind Challenger”, a cargo ship design with a hard sail, which would reduce emissions by harnessing wind energy. MOL has been jointly studying the wind technology with cross-industrial partners.
Ranges of global technical potentials of renewable energy sources derived from studies analyzed in SRREN report. The authors reviewed more than 160 existing scientific scenarios on the possible penetration of renewables by 2050, alongside environmental and social implications; and then reviewed with four of these in-depth.
The Sunshine State has set some ambitious targets in its efforts to go renewable. Still in the pipeline are wind farms […]. The state government target is 50% by 2030. RenewEconomy’s live feed indicates that as of 12 noon, the state is living up to its nickname, with 30% of its electricity coming from the sun.
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.
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.
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
The power sector has become less carbon-intensive as natural gas-fired generation displaced coal-fired and petroleum-fired generation and as the noncarbon sources of electricity generation—especially renewables such as wind and solar—have grown. In 2005, noncarbon sources accounted for 28% of the US electricity mix.
The least expensive way for the Western US to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. —Daniel Kammen.
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.
Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “ClimateChange: Global Risks, Challenges & Decisions”. More specifically, Germany has more than doubled its share of renewable energy since 2000.
The Administration said the United States will submit its 2025 target to the Framework Convention on ClimateChange as an “Intended Nationally Determined Contribution” no later than the first quarter of 2015. launching a new track on the interaction of energy and water (the energy/water ‘nexus’).
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 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.
Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% Almost 80% of the projected increase in renewable electricity generation is fueled by hydropower and wind power. Biomass ClimateChange Coal-to-Liquids (CTL) Emissions Forecasts Fuels Gas-to-Liquids (GTL) Market Background'
General Motors plans to generate or source all electrical power for its 350 operations in 59 countries with 100% renewable energy—such as wind, sun and landfill gas—by 2050. Establishing a 100 percent renewable energy goal helps us better serve society by reducing environmental impact. Other automakers in RE100.
The IEEE Board of Directors formed an ad hoc committee on climatechange in February to coordinate its response to the global threat. Why should IEEE be involved in combating climatechange? Why should members care about climatechange? Rahman: Climatechange is an existential threat to humanity.
Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climatechange challenges more urgently. The company previously announced its plan to use 100% locally sourced renewable energy for all its manufacturing plants globally by 2035. Ford is investing more than $11.5
As states take the lead in confronting climatechange, a flagship policy is often Renewable Portfolio Standards (RPS). RPS programs, which require that a certain percentage of the state’s electricity come from renewable sources, currently cover 64 percent of the electricity sold in the United States.
UK-based ITM Power has been awarded a grant by the UK Department of Energy and ClimateChange (DECC) to undertake a £100k (US$160k), 12-month engineering feasibility study of producing synthetic methane using carbon dioxide from industrial processes and hydrogen produced by electrolysis.
Even if you have 100 percent capture from the capture equipment, it is still worse, from a social cost perspective, than replacing a coal or gas plant with a wind farm because carbon capture never reduces air pollution and always has a capture equipment cost. Only when wind replaced coal itself did social costs decrease.
Global wind energy capacity grew by 28.8% GW at the end of 2008, according to the Global Wind Energy Council. More than 27 GW of new wind power generation capacity came online in 2008, 36% more than in 2007. New US wind energy installations totalled 8,358 MW for a total installed capacity of 25,170 MW. billion (US$46.8
Greenhouse gasses (GHG) emission savings due to final renewable energy consumption in electricity; cooling/heating; and transport sectors rose at a compound annual growth rate of 8.8% Nearly two thirds of the total savings came from renewable energy development in Germany, Sweden, France, Italy and Spain. Click to enlarge.
Risk management company DNV has, as part of a strategic partnership with StormGeo, a meteorology and risk assessment company focused on the fields of oil exploration, renewable energy, shipping, media and aviation acquired the right to purchase 22.6% of StormGeo’s shares through a mutually convertible capital issue. —Henrik O.
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.
The report is not a comprehensive scientific assessment, the authors note; one such is slated to be forthcoming from the Intergovernmental Panel on ClimateChange (IPCC) in 2013–14 in its Fifth Assessment Report. The report authors acknowledge that uncertainties remain in projecting the extent of both climatechange and its impacts.
QIA is one of six founding members of the One Planet Sovereign Wealth Fund Initiative, which is building climatechange into financial decision making, and the proposed investment further highlights QIA’s growing focus on the development of green technologies.
The recently concluded Alberta Renewable Diesel Demonstration (ARDD), Canada’s largest cold-weather study of bio-derived diesel fuels, demonstrated the successful on-road use of low-level blends of biodiesel (fatty acid methyl ester, FAME) and hydrogenated-derived renewable diesel (HDRD) in a range of Canadian climatic conditions.
With government analysis suggesting that 20-35% of the UK’s energy consumption by 2050 could be hydrogen-based, this new energy source could be critical to meet UK targets of net zero emissions by 2050 and cutting emissions by 78% by 2035, the government said—a view shared by the UK’s independent ClimateChange Committee.
The authors are Pushker Kharecha and James Hansen from NASA Goddard Institute for Space Studies & Columbia University Earth Institute (GISS); Charles Kutscher from the National Renewable Energy Laboratory; and Edward Mazria from 2030 Inc./ Architecture 2030. Technol Articles ASAP doi: 10.1021/es903884a.
He reminded us of Hermosa’s leadership role in signing the Cool Cities agreement and the just passed small wind ordinance that allows homeowners to generate renewable energy using wind turbines. He wants to generate energy from renewable sources. He also confirmed his support for a 350 CO2 target.
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