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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

Efforts to decarbonize steel production are central to the net-zero aspirations of China, Japan, Korea and the European Union. But continuing to build new coal-fired plants will leave producers with only bad options toward a net-zero future by 2050. Retrofit or close any remaining coal-fired capacity by 2050.

Hydrogen 221
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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa). share in 2020, by contrast, was about 9 percent.

Ukraine 77
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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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The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. Outlook for Energy.

Energy 252
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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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TCX is the company’s new proprietary technology for ethanol production that builds on its acetyl platform and integrates new technologies to produce ethanol using basic hydrocarbon feedstocks—natural gas, coal and pet coke now, with biomass and waste planned for the future. Earlier post.). Source: Celanese. Click to enlarge.

Future 210
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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February also saw the publication of a Los Angeles Times interview with US Secretary of Energy Steven Chu ( earlier post ), in which he voiced concern that the effects of climate change could decimate California’s agriculture as well as its urban water supplies. Earlier post.). Earlier post.) and 5.0%.

Climate 236
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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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The risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. Sectors dependent on food, water, energy or ecosystem services need to scrutinise the resilience and viability of their supply chains. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).

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We Need More Than Just Electric Vehicles

Cars That Think

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.