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.
Coal Financing Fuel Oil 
Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal
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.
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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites
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.
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DKRW Advanced Fuels signs major off-take contract for 100% of coal-derived gasoline from Medicine Bow project
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.
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225 BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth
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
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia
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.
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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency
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.
IEA: COVID-19 crisis causing the biggest fall in global energy investment in history
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.
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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors
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.
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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries
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.
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259 Sasol and ITOCHU to partner on green ammonia and hydrogen
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.
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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled
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.
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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant
Green Car Congress
JULY 22, 2011
The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. urea production. CO 2 capture and shipment via pipeline shown at top.
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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification
Green Car Congress
JANUARY 18, 2012
An all-in approach is imperative if we hope to reduce our reliance on foreign oil and create a more diverse electricity generation portfolio. The council recommended: Allowing more access to oil, natural gas and coal opportunities on federal lands. America must do likewise. Until then, however, we need to be all in.
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A Few Words on Eco Terrorists, Cowards and Courage
Creative Greenius
FEBRUARY 12, 2014
I’m talking about the people who work for and represent E&B oil. These are the people who in the face of science that says we must transition from fossil fuels to renewable energy or destroy the futures of our children and all who come after them, still want to drill for oil that should never be burned.
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy
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.
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force
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.
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JetBlue to go carbon neutral on all domestic flights by offsetting emissions starting in 2020; flying with SAF from SFO
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.
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world
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.
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150 LanzaTech Produces 2,3-Butanediol from Waste Gases; Building Block for Polymers, Plastics and Hydrocarbon Fuels
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.
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199 Report from the REFF-Wall Street; Themes in Renewable Energy Finance
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). Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ by Bill Cooke. Billion vs. $28.3
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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030
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.
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52 DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects
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.
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199 Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components
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.
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GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup
Green Car Congress
NOVEMBER 17, 2010
GE Energy Financial Services, a unit of GE, has joined an $8-million funding round for CoolPlanetBioFuels , a start-up company developing a technology that converts low-grade biomass into high-grade fuels, including gasoline, and carbon that can be sequestered. The fuel market is one of the world’s largest at about $4 trillion per year.
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The Case for Nuclear Cargo Ships
Cars That Think
JANUARY 20, 2024
Nearly all of the world’s ship fleet still runs on diesel fuel, with about a quarter of new ships on order being built to run on somewhat lower-carbon alternatives like liquefied natural gas, methanol, or hybrid propulsion. Shipping uses over 300 million tonnes of fossil fuels every year, producing 3 percent of greenhouse gas emissions.
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Stanford launches major new natural gas research initiative
Green Car Congress
JUNE 13, 2015
US production has risen almost 50% in the past 10 years, and global demand for gas is anticipated to outpace all other fossil fuels. If developed in a responsible manner, natural gas can be the critical transition fuel that reduces the environmental impacts of fossil fuels and keeps us on a path toward a decarbonized energy future.
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“A Moral Imperative” — Joe Biden Commits To Halving US Emissions
CleanTechnica EVs
APRIL 24, 2021
Hiding behind the coattails of Big Oil is no longer the stance of the US. Instead, President Joe Biden told 40 world leaders that the US would halve its global warming emissions by the end of the decade. This is a moral imperative, an economic imperative,” Biden exclaimed. “A A moment of peril, but also a […].
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144 Subsidies for fossil fuels ‘ten times higher’ than renewables
Green Cars News
AUGUST 4, 2010
Subsidies for the fossil fuel industry dwarf those paid to encourage growth in the renewable energy sector, new research reveals. Tags: Biofuels Green credentials Bloomberg energy fossil fuels renewables research subsidies world.
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36 UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required
Green Car Congress
JULY 5, 2011
It is rapidly expanding energy use, mainly driven by fossil fuels, that explains why humanity is on the verge of breaching planetary sustainability boundaries through global warming, biodiversity loss, and disturbance of the nitrogen-cycle balance and other measures of the sustainability of the earth’s ecosystem. The report comes out yearly.
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PwC industry survey provides check-up on determining factors for EV success
Green Car Congress
MAY 19, 2011
More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. Respondents predict that coal will remain the primary energy source for EVs in 2020 (28.9%), followed by Fossil fuel/oil (21.4%). Nearly 68.8%
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Opinion: Why Buffett Bet A Billion On Solar: Miles Per Acre Per Year
Green Car Congress
JUNE 29, 2015
Coal still supplies more power in the US than anything else, with natural gas next. However, building more coal and gas power plants to make miles for transport is counter-productive if the game plan is to reduce carbon output. Average fuel efficiency in the US is 22 miles per gallon (mpg). New cars in 2015 get 25 mpg.)
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Ceres and CHOREN Optimizing Energy Crops for Thermochemical Production of Biofuels
Green Car Congress
NOVEMBER 24, 2009
The thermochemical process does not require enzymes or microorganisms; instead, the biomass is gasified under certain heat and pressure conditions producing synthesis gas, a carbon monoxide and hydrogen-rich gas that can be converted into high quality synthetic fuels, intermediate chemicals or electricity.
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Heating Buildings With Solar Energy Stored in Sand
Cars That Think
JANUARY 18, 2023
When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. To meet this challenge, many governments and organizations are investing in new technology to help lessen the use of fossil fuels.
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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives
The Truth About Cars
SEPTEMBER 22, 2023
While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. It also reportedly bemoaned Sunak’s decision to approve new North Sea oil and gas drilling. The& Associated Press & made mention that U.K.
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105 IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil
Green Car Congress
NOVEMBER 13, 2011
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
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How To Make Sure EV Infrastructure Is Energy Efficient
EV Connect
SEPTEMBER 13, 2021
But there are serious questions , as well, such as: If electric cars rely on power from coal- or oil-burning plants, are they really reducing fossil fuel use? To curb these emissions even further, we need to build more power plants and facilities that create and use renewable energy rather than fossil fuels.
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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype
Green Car Congress
JULY 4, 2009
We have rock-solid finances. With electromobility, the automobile industry faces a fundamental technological upheaval.Our path leads away from oil, to emission-free mobility, and the electric car plays a key role.CO 2 -neutral fuels play another key role. Limited fossil fuel resources. possibly the fuel cell.
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Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line
Green Car Congress
MAY 27, 2009
The fermentation and distillation process is similar to a conventional plant, but the facility will be fueled by the steam heat from a Combined Heat and Power (CHP) generator. The generator is fueled by the methane produced by an anaerobic digester. Financing challenges. The ethanol market. Earlier post.).
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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles
Green Car Congress
MAY 13, 2010
Decreasing Dependence on Foreign Oil. Kerry-Lieberman takes fuel providers out of the market. Instead of every refinery participating in the market for allowances, the bill ensures the price of carbon is constant across the industry; i.e., all fuel providers see the same price of carbon in a given quarter.
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GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies
Green Car Congress
JANUARY 23, 2011
In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.
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240 Perspective: The UN Approval Process for Carbon Offsets
Green Car Congress
MARCH 22, 2010
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. 100% for some agricultural processes.
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IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies
Green Car Congress
APRIL 22, 2010
The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. The Politics of Fossil-Fuel Subsidies (Victor, 2009).
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Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun
Creative Greenius
MAY 14, 2009
He wasn’t a finance guy, thinking “I’m going to make money.” It’s expensive and my clients don’t finance. Because for one, financing isn’t available anymore and two, early adopters are a different crowd. And I wasn’t interested in selling solar based on, “Hey it prevents oil,” you know. He was a geek.
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