Going electric may be one solution for automakers to ride a global decarbonization trend, but for airlines, it is greener fuels that are grabbing their attention. Japan has joined a group of nations in pledging to achieve carbon neutrality by 2050 but still lags behind Europe and the United States …
Read More »China’s Huge Energy Storage Ambitions could be the Key to Unlock Net Zero
China is proposing a policy to accelerate energy storage deployments, with its core a target to take the country’s storage capacity excluding pumped hydro to 30GW by 2025 – triple the level of Wood Mackenzie’s current forecast. Although the five-year timeframe could prove challenging from an economic standpoint, China has …
Read More »World’s Biggest Green Hydrogen Project Announced for Kazakhstan
Germany’s Svevind has announced plans for a colossal green hydrogen project that will place some 45 gigawatts of wind and solar energy generation on the vast steppes of Kazakhstan to produce around three million tonnes of green hydrogen annually. This project will utterly dwarf the biggest project currently in planning …
Read More »Saudi Aramco Bets on Blue Hydrogen Exports Ramping Up From 2030
Saudi Aramco outlined plans to invest in blue hydrogen as the world shifts away from dirtier forms of energy, but said it will take at least until the end of this decade before a global market for the fuel is developed. “We’re going to have a large share” of the …
Read More »S. Korea to Speed Up Efforts to Cut Greenhouse Gas Emissions from Old Ships
South Korea’s oceans ministry said Wednesday it plans to speed up efforts to cut the emissions of greenhouse gases from older ships in line with new environmental regulations from an international body. Last week the International Maritime Organization (IMO) announced its plans to adopt tougher environment rules on ships built …
Read More »Turkey’s Energy Map Becomes Greener as Renewables Expand Countrywide
Turkey’s renewables expansion, driven by hydro, wind and solar places the Izmir province as a leader in wind power and Konya as a pioneer in solar energy, data compiled by Anadolu Agency reveals. Of the country’s total renewables capacity of 50,990 megawatts (MW), hydropower stood at 31,280 MW, wind power …
Read More »Carbon Trade Could Be 10 Times Bigger Than Global Crude Oil Market
The growing market for paying for carbon emissions could become a larger market than the one for crude oil, according to the head of carbon trading at Trafigura, one of the world’s largest commodity traders. The carbon market has the potential to become 10 times larger than the global crude …
Read More »G7 Leaders Commit to Net-Zero Emissions by 2050
Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate pledges. They issued a communiqué in which they set out their net zero commitments and called on all …
Read More »G7 Pledges to End Support for Unabated Coal by End of 2021
G7 leaders committed June 13 to end new direct government support for unabated international thermal coal power generation by the end of 2021. Leaders of the seven major industrialized nations – the UK, US, Canada, Japan, France, Germany and Italy – were meeting in Cornwall under the UK’s presidency of …
Read More »Europe Cannot Simply Rely on Third Countries for Its Green Hydrogen
One thing COVID-19 has made clear is that Europe needs to be more self-sufficient. However, policymakers are looking to Africa and even further abroad for their renewable hydrogen, despite the potential pitfalls of such a plan, writes Luc Grare. Luc Grare leads the Hydrogen Production Roundtable at the EU Clean …
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