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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 production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. Source: BloombergNEF.

Hydrogen 221
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Anglo American, Aurizon to explore feasibility of hydrogen-powered trains for bulk freight

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As part of its commitment to carbon-neutral mines by 2040, Anglo American has taken a global lead in the development of green hydrogen solutions for its ultra-class 290 tonne payload mine haul trucking fleet. An advanced trial of the prototype truck is being run at Anglo-American’s Mogalakwena platinum group metals mine in South Africa.

Hydrogen 199
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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

Energy 252
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Sasol and UCT researchers collaborate on the use of commercial iron catalysts to convert hydrogen and CO2 into green jet fuel and chemicals

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This development is a significant step towards the implementation of CO 2 hydrogenation technology in South Africa. For decades, Sasol has been using its Fischer-Tropsch (FT) technology to convert low-grade coal and gas into synthetic fuels and chemicals.

Convert 186
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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PwC analysis finds a need for global carbon intensity to drop an average of 5.1% The analysis is based on a carbon budget that would stabilize atmospheric carbon dioxide concentrations at 450 ppm and give a 50% probability of limiting warming to 2 °C. per year through 2050. Click to enlarge. a year from now to 2050.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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May, 2007 : An international team of researchers concluded that the ability of the Southern Ocean to absorb carbon dioxide had slowed by about 15% per decade since 1981 ( earlier post ), and projected that at the present rate of deterioration, it will have lost two-thirds of its ability to store carbon by 2050.

Climate 236
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We Need More Than Just Electric Vehicles

Cars That Think

With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020. But coal use varies, even within China.