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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit.

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Fisker Pear interior, charger reliability, Senator’s “expensive” electric car: Today’s Car News

Green Car Reports

Fisker gives a look inside its upcoming affordable urban EV. And higher coal prices are helping clean the grid. A study sounds the alarm about fast-charging reliability. A Senator's "expensive" electric car turns out to be the cheapest one on the market, and helps make a point. This and more, here at Green Car Reports.

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Huge Tesla Megapack project breaks ground in Queensland

Teslarati

Another Tesla Megapack project in Australia has broken ground, set to replace a former coal plant as part of a sustainable energy hub in Queensland. The LNP closed the Swanbank Power Station because power prices were too low, whilst Labor reopened it.

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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

Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. The steel industry cannot afford to wait for the 2040s to start its transition.

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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

The partnership centers on driving forward the production of carbon-neutral steel, with a plan to replace coal with wind power and green hydrogen as the main source of energy in steel production at ArcelorMittal’s steelmaking sites in Germany.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

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MIT Energy Initiative Publishes Report on Reducing CO2 Emissions from Existing Coal Plants

Green Car Congress

The MIT Energy Initiative has released a new report on reducing carbon dioxide emissions from existing coal plants. There is no credible pathway toward prudent greenhouse gas stabilization targets without CO 2 emissions reduction from existing coal power plants. We may not see a strong CO 2 price signal for many years.

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