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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). Inflows to clean energy projects in India and Brazil slipped $2.4

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. In the U.S.,

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Glencore buying in to Hydro Alunorte alumina refinery, MRN bauxite mining in Brazil

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In addition to the decarbonization of Alunorte, the partners are committed to continuing the development of social projects to improve the lives and livelihoods of nearby communities.

Brazil 293
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. 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.

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TransGas and SK EC team on West Virginia coal-to-gasoline project

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Ltd (SKE&C) leading to engineering, procurement and construction of its first US coal-to-gasoline plant—Adams Fork Energy—to be located in Mingo County, West Virginia. The Adams Fork Energy project will convert regional coal into premium-grade gasoline, producing 18,000 barrels per day (756,000 gallons US, 2.86

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Vale joins Boston Metal Series B; developing MOE for emissions-free steel

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Headquartered in Rio de Janeiro, Brazil and present on five continents, Vale is one of the largest metals and mining companies in the world based on market capitalization and one of the world’s largest producers of iron ore and nickel. Boston Metal has produced more than 1,000 kg of metal alloys since commissioning its first reactor.

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