Despite being touted as a zero-emissions solution for steel production, green hydrogen derived from renewable energy will play a relatively minor role in reducing sector emissions between now and 2050, says the International Energy Agency (IEA). By mid-century, less than 10% of steel produced globally will use renewable hydrogen as …
Read More »EU Energy Ministers Back 2030 Climate Goal Update, Leave Deal for Later
Germany’s Economy Minister Peter Altmaier said talks on Tuesday (6 October) between energy ministers from the 27 EU members had shown that a majority want to update the emissions-cutting target by 2030 for the bloc, on its way to climate neutrality by 2050. “We have a historic window of opportunity …
Read More »Amazon, Google, Microsoft and the Climate Cloud
Despite all they’re doing to address climate change with both emissions reduction plans, circular economy innovation and consumer awareness, Amazon, Google and Microsoft have been criticised for their close ties to the oil and gas sector. All of them are using their artificial intelligence prowess and analytics power to help …
Read More »Tesla Plans to Produce Lithium
Lithium producers do not feel threatened by Tesla’s plan to produce lithium in Nevada. Miners, as well as analysts, believe that despite the recent drop in lithium prices, the industry is in for a supply shortage after 2025 as automakers significantly ramp up electric vehicle (EV) production. Massive amounts of …
Read More »Hydrogen, A Low Carbon Energy Source of the Future
It’s official: The big hydrogen techlash is now history. For decades, there was an undeniable and growing animus towards anything hydrogen by the investing universe, with the technology relegated to niche corners of the market, such as material handling and emergency power backup. Hydrogen technology was considered too costly and …
Read More »China Eyes Climate Battle Leadership with 2060 Carbon Neutral Goal
Chinese President Xi Jinping moved to seize the climate agenda from the US, vowing that the world’s largest polluter will go carbon neutral by 2060, a target hailed by environmental activists as a major stride forward. The goals, which included a pledge to reach peak emissions in 2030, are the …
Read More »The Netherlands Is well Prepared to Reduce CO2 Emissions
The Netherlands is taking a well-balanced approach to its plans for a rapid transition to a carbon-neutral economy that will support strong growth and energy security, according to a new energy policy review by the International Energy Agency. To drive this ambitious shift, the Netherlands has focused its energy and …
Read More »India to Shut Down 32 Power Units for Missing Emission Deadlines
The Government of India reportedly plans to shut 32 units across 12 power plants in the country as they have failed to meet emissions targets. The Financial Times reported that the units, which have a combined capacity of 5.019GW, failed to submit plans to meet the prescribed emission control norms. …
Read More »Climate Change, A Central Focus of Companies and Governments in Last Decade
Cutting carbon emissions has become a central focus of countries and companies alike in the past decade. The oil majors are racing to ‘go green, Microsoft has pledged to go ‘carbon negative’, and over 20 nations have either committed to or achieved net-zero carbon targets. For public companies, the incentives …
Read More »US Government Invests $72m in Carbon Capture Technologies
Projects will develop technologies to capture CO2 generated as a by-product of manufacturing at industrial sites as well as develop new materials for use in direct air capture.
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