Wasted Money & Sunken Assets: Subsidies and Financing for Fossil Fuels
CleanTechnica EVs
AUGUST 9, 2024
continued] The post Wasted Money & Sunken Assets: Subsidies and Financing for Fossil Fuels appeared first on CleanTechnica.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
Teslarati
JANUARY 15, 2024
While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. What are your thoughts?
Green Car Congress
DECEMBER 27, 2012
The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. billion annually and stimulate the production of 10 million tons of domestic coal per year.
Green Car Congress
OCTOBER 29, 2015
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Green Car Congress
AUGUST 22, 2012
Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck.
Green Car Congress
DECEMBER 1, 2011
DKRW Advanced Fuels LLC subsidiary Medicine Bow Fuel & Power LLC (MBFP), has entered into a contract with Vitol Inc., The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. Medicine Bow, Wyoming. Earlier post.) We have received front end.
Green Car Congress
AUGUST 3, 2014
which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. per share.
Baua Electric
MAY 1, 2023
Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.
Green Car Congress
NOVEMBER 13, 2022
Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050. To finance the energy transition, Indonesia will need just under $2 trillion of investment in BNEF’s ETS and as much as $3.5 trillion under the NZS.
Green Car Congress
FEBRUARY 19, 2015
Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. An engineering, procurement and construction contractor has not yet been selected.
Green Car Congress
FEBRUARY 15, 2013
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6% per year over a 10-year period. Rebate program.
Green Car Congress
SEPTEMBER 8, 2010
.: MEK, Butadiene) from industrial waste gases, has signed a memorandum of understanding with one of the largest coal producers in China, Henan Coal and Chemical Industrial Corporation, to build a demonstration plant to produce ethanol and chemicals via LanzaTech’s fermentation process using syngas resulting from the gasification of coal.
Electrek
MARCH 24, 2021
In today’s Electrek Green Energy Brief (EGEB): A climate group report shows fossil-fuel financing continues to rise despite Paris Agreement pledges. The world’s largest coal mining company sets its sights on solar. trillion into fossil fuels since 2016 appeared first on Electrek.
Green Car Congress
MAY 4, 2020
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
Green Car Congress
OCTOBER 6, 2015
This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. In the US, coal and gas are still cheaper, at $65 per MWh, against onshore wind at $80 and PV at $107.
Green Car Congress
SEPTEMBER 5, 2022
South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The product can also be cracked back to hydrogen gas for further applications.
Green Car Congress
MAY 31, 2020
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. The crisis has brought lower emissions but for all the wrong reasons.
Green Car Reports
AUGUST 11, 2015
Coal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas.
Green Car Congress
APRIL 27, 2011
million grant from the Commonwealth of Pennsylvania to move forward on the construction of a facility to demonstrate its integrated coal-biomass-to-liquids (CBTL) technology platform ( earlier post ) at Intertek PARC, located at the U-PARC facility in Pittsburgh. Accelergy Corporation has received a $1.3-million Earlier post.)
Green Car Congress
AUGUST 22, 2012
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. GSI: Fuel Subsidies in India. Source: Worldwatch.
Green Car Congress
JULY 15, 2010
The announcement comes on the heels of Accelergy’s collaboration with the United States Air Force, which is currently conducting tests on the company’s fuels for application as 100% non-petroleum based synthetic jet fuel. Earlier post.). A $175,000 grant will be used for the site selection and analysis process for this facility.
Green Car Congress
JUNE 25, 2013
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. Earlier post.). Other efforts will include: Natural Gas.
Green Car Congress
DECEMBER 19, 2010
Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.
Green Car Congress
NOVEMBER 10, 2009
has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .
Green Car Congress
FEBRUARY 4, 2010
First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. Renewable Fuels Standard (RFS2). President Obama.
Green Car Congress
NOVEMBER 10, 2014
Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Valero has a strong focus on drop-in fuel production either by bioconversion or catalysis.
Green Car Congress
JUNE 23, 2022
The partnership centers on driving forward the production of carbon-neutral steel, with a plan to replace coal with wind power and green hydrogen as the main source of energy in steel production at ArcelorMittal’s steelmaking sites in Germany.
Green Car Congress
DECEMBER 22, 2014
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60
Green Car Congress
JANUARY 7, 2020
JetBlue will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major US airline to take this measurable step toward reducing its contribution to global warming. Neste MY Renewable Jet Fuel is produced 100% from waste and residue raw materials.
Green Car Congress
JULY 1, 2022
Cost rises are linked to increases in the cost of materials, freight, fuel and labor. Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. The latter cost at $74 and $81 per MWh, respectively.
Green Car Congress
JANUARY 18, 2012
Continuing to deliver inexpensive and reliable energy is going to require the United States to optimize all of its natural resources and construct pathways (pipelines, transmission and distribution) to deliver electricity and fuel. The council recommended: Allowing more access to oil, natural gas and coal opportunities on federal lands.
Green Car Congress
JULY 22, 2011
The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. Whiting will be the first in the Permian to purchase CO 2 from a power project that will be produced through the coal-gasification process. The TCEP integrates coal gasification, combined-cycle power generation, CO 2 capture, and.
Teslarati
MAY 12, 2021
Tesla CEO Elon Musk announced on Twitter that Tesla would be suspending the option to pay for vehicles using Bitcoin, as “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” ” Tesla invested $1.5
Green Car Congress
JANUARY 17, 2015
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). kWh for fossil-fuel power plants. —Adnan Z. Source: IRENA.
Green Car Congress
AUGUST 24, 2010
New Zealand-based LanzaTech has successfully produced 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels, using the company’s gas fermentation technology. In July, LanzaTech attracted US$18 million in Series B financing from investors led by China-focused venture capital firm Qiming Ventures.
Green Car Congress
JULY 22, 2009
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Other than the good news on oil consumption, very little was said in regards to transportation fuels. by Bill Cooke.
Green Car Congress
SEPTEMBER 4, 2020
As our foresight shows, we cannot allow to replace current reliance on fossil fuels with dependency on critical raw materials. A special focus will be on coal-mining regions and other regions in transition, with special attention to expertise and skills relevant for mining, extraction and processing of raw materials.
Green Car Congress
JULY 19, 2011
The report presents an overview of each technology, including current and projected performance and costs (capital and levelized cost of electricity); major technical issues and future development direction and trends; fuel resource considerations; business issues; and environmental concerns and considerations.
Green Car Congress
APRIL 1, 2011
ZJX will assist SES in the development of new joint venture businesses to deliver energy based on lower cost/lower grade coals such as lignite. Importantly, all of these can be derived from China's abundant and low cost domestic coal via the technology of SES. —Feng Feng, Managing Chairman of ZJX. ownership stake in SES.
Green Car Congress
JULY 3, 2013
Projects deploying these technologies are typically unable to obtain commercial financing due to high technology risks. Low-carbon power systems: coal or natural gas oxycombustion; chemical looping processes; hydrogen turbines; synthesis gas, natural gas, or hydrogen based fuel cells.
Baua Electric
JANUARY 10, 2024
Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. Birol said that “success will hinge” on scaling up financing for emerging and developing economies.
Green Car Congress
DECEMBER 23, 2013
Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.
Green Car Congress
MAY 21, 2020
The syngas then goes through a Pressure Swing Absorber system resulting in hydrogen at 99.9999% purity as required for use in Proton Exchange Membrane fuel cell vehicles. Unlike other renewable energy sources, hydrogen can fuel hard-to-decarbonize heavy industrial sectors like steel, heavy transport, and cement.
Green Car Congress
SEPTEMBER 14, 2009
CTV is developing proprietary technology and catalysts for the conversion of lignin into hydrocarbon components for transportation fuels. The upgrading of our byproduct lignin to high value transportation fuels is an important step in our effort to prove the effectiveness of integrated biorefineries. Chevron and lignin for fuels.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content