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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). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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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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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. The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India.

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

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An advanced trial of the prototype truck is being run at Anglo-American’s Mogalakwena platinum group metals mine in South Africa. This is especially true for bulk products underpinning the Australian economy including minerals, agricultural products and fertilizers, industrials and general freight.

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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The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. —PwC.

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

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July, 2008 : The Australian government published the Garnaut Report, a comprehensive study of the effects of climate change on the country’s economy ( earlier post ). Australia is the world’s largest exporter of coal and one of the world’s highest per-capita emitters of greenhouse gases. Earlier post.).

Climate 236