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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

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. NEO 2018 sees $11.5 trillion of that going to wind and solar and a further $1.5

Wind 220
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Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020

Green Car Congress

While barely a drop in the bucket for biofuels, Pike says, this represents a compound annual growth rate (CAGR) of 72%, roughly on par with early development in the biodiesel industry. Both regions will benefit from rapidly expanding biofuels markets, ample land and water resources, and cheap labor, Pike suggests.

2020 319
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The analysis examines how these global forces may impact business and industry; calculates the environmental costs to business; and calls for business and policymakers to work more closely to mitigate future business risk and act on opportunities. Urbanization: In 2009, for the first time, more people lived in cities than in the countryside.

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Michelin doesn’t want you to buy as many EV tires

Baua Electric

Carbon black via pyrolysis is already “very virtuous” energy-wise in an industrial operation, versus creating the original product, according to Roget, and it has the potential to be a lot cheaper. Michelin is hoping that more companies will help invest in a pyrolysis industrial base.

Buy 52
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Opinion: How Much Longer Can OPEC Hold Out?

Green Car Congress

With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.” Source: opec.org).

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Europe Expands Virtual Borders To Thwart Migrants

Cars That Think

If it were legal to deliver rescued migrants to Libya, it would be as cheap as sending rescue boats a few extra kilometers south instead of east. Hawkeye 360 , which also markets its service to the shipping industry and security services in countries such as the United States, was the only bidder and won the contract.

Europe 144