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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

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Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly (REQ). Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24.

Australia 281
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EC approves €3.2B public support by 7 Member States for a pan-European battery push

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The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. billion in funding.

Batteries 259
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Scenario study suggests increased vehicle electrification in Europe increases demand for gas in power sector; limited ability for power-to-gas

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The study is based on a set of scenarios for 2050 of electrification in five European countries: Austria (AT), Belgium (BE), France (FR), Germany (DE) and the Netherlands (NL). The model results show that the social costs of a full electrification path towards 2050 vary significantly, ranging from 0.5%

Gas 210
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IHS Markit: annual investments in green hydrogen production to exceed $1 billion by 2023

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IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The elevated investment outlook is attributed to falling costs and policy support from governments looking to shift towards low-carbon economies.

Hydrogen 305
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Devil In The Details: Is Copenhagens 2 ºC Guardrail Obsolete?

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ºF) above pre-industrial temperatures. worldwide temperatures, as compared to pre-industrial temperatures. worldwide temperatures, as compared to pre-industrial temperatures. Quipping “We’re stuck”, Pershing forecast that world governments would instead have to adopt aggressive climate adaptation strategies. [ The > 1.5