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thyssenkrupp to perform green hydrogen & ammonia technical study for Helios US$1B UAE plant

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This project is another important milestone for in the UAE’s shift to a lower carbon renewable energy future. The new facility will produce green ammonia which is an energy carrier that enables easy transportation of renewable energy e.g. via ship. Saiyed, Managing Director of Helios. Helios plans to invest more than AED3.67

UAE 186
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Energy ministers agree to help speed up global deployment of carbon capture and storage

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Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. At a meeting in the United Arab Emirates, Ministers at the Clean Energy Ministerial endorsed recommendations from the Carbon Capture, Use and Storage (CCUS) Action Group chaired by Australia and the UK.

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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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This could contribute towards a goal of holding the increase in global temperature below 2 °C—an aim recognized in the United Nations Climate Convention’s Cancun Agreements. The summary is a short version of a roughly a thousand page comprehensive assessment compiled by for IPCC’s Working Group III.

Renewable 218
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion, level with 2019 despite falling unit prices. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 The year also saw the largest single solar park ever funded, the 2GW Al Dhafrah in the United Arab Emirates, at a cost of $1.1 billion, down 12%.

2020 259