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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

Green Car Congress

Our economic modeling suggests that an investment of a few extra billion per year today could develop technologies that could save the economy hundreds of billions of dollars per year by 2050 in scenarios where there are stringent policies limiting how much carbon can be emitted. billion, a 92% increase over the FY 2009 appropriations.

Energy 231
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We Need More Than Just Electric Vehicles

Cars That Think

We then used results from a model of the global economy to allocate a portion of this global budget specifically to the U.S. Even if that were possible, there would also have to be an enormous increase in charging infrastructure and in material supply chains. Those tax revenues are necessary for the maintenance of roads.