Via AG Metal Miner November’s Renewables MMI (Monthly MetalMiner Index) traded sideways for the first time since June. The index rose by 1.56% month-over-month. This primarily resulted from GOES (grain-oriented electrical steel) rising in price. Meanwhile, other renewable energy resources, like neodymium and Japanese steel plate, traded sideways. Silicon remains …
Read More »IRENA and Industry Leaders Launch the Alliance for Industry Decarbonization
The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization. The new Alliance aims to accelerate net-zero ambitions and the decarbonization of industrial value chains in pursuit of the Paris Agreement climate goals. The new …
Read More »Coal is Casting a Shadow over China’s Remarkable Renewable Achievements
China is struggling to balance its pressing need to shore up energy security with its ambitions to position itself at the forefront of the global clean energy transition. As the world gears up for the 27th annual United Nations Climate Change Conference, more commonly known as COP27, the world’s major …
Read More »Austrian Government Wants to Ban Fossil Heating from 2023
The government wants to ban new oil, coal and gas heaters from 2023, extending to replacements of existing heaters, but it needs a two-thirds majority in parliament. Austria’s building sector performs way above the EU average. While buildings consume 25% of gas, their emissions are just 13% of the country’s …
Read More »China is Doubling down on Coal despite its Green Ambitions
China is building a vast array of new coal-fired power stations, potentially more than the operating capacity of the US, even though it knows the plants will probably never be fully used. The puzzle of why the world’s leading installer of clean energy is investing so much in the worst …
Read More »The World’s Biggest Source of Clean Energy Is Evaporating Fast
China’s Three Gorges Dam is an awe-inspiring sight, a vast barrier across the Yangtze River that contains enough concrete to fill seven Wembley Stadiums and more steel than eight Empire State Buildings. Its turbines could singlehandedly power the Philippines. But this summer, the world’s largest power plant was eerily quiet. …
Read More »Ireland, UK to Launch Joint €74 Million Initiative on Climate Research
Dublin and London will join forces to fund a programme supporting researchers working on climate change issues, both governments announced on Monday. The €74 million initiative will fund a series of virtual collaborative research centres across Ireland, and the UK focused on work related to two key areas: climate and …
Read More »IEA: Surge in Renewables and EVs has Limited Global Emissions
Carbon dioxide (CO2) emissions from the combustion of fossil fuels globally are expected to rise by just under 1% in 2022, a much smaller increase compared to last year’s thanks to record deployment of renewable energy sources and electric vehicles, the International Energy Agency (IEA) said in a new analysis …
Read More »Carbon Capture Projects Hit Record, but would Mitigate Less than 1% of Emissions
The number of carbon capture and storage projects in development grew to record levels this year on the back of rising carbon prices and government incentives, but would still only mitigate less than 1% of annual emissions, a new report finds. There are now 153 CCS projects in the planning …
Read More »China won’t Rush its Clean Energy Transformation
President Xi Jinping has promised a slow and steady end to the growth of planet-warming emissions in China, with energy security taking top priority as the country contends with a flagging economy and tumult on global fuel markets. In a two-hour speech to kick off the weeklong Communist Party Congress, …
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