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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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The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. Commissioning natural gas-fired plants could set producers up to have some of the lowest-cost capacity by retrofitting them to burn hydrogen in the 2030s and 2040s. Today’s new plants are tomorrow’s retrofits.

Hydrogen 221
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Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. as possible, but not later than 2015.

Climate 294
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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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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 billion) and South Africa ($5.5 Investment in developing countries, at $131.3 billion, up just 3% on the year. Additional to China, Brazil ($7.6 billion), India ($7.4

2014 150
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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 ). Given that China’s economy is still growing, such a strategy is unlikely to result in year-to-year emissions reductions for several decades. Earlier post.).

Climate 236
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Tata Takes On Air

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The cost of a fill up is approximately $2.00. Nègre has signed deals to bring its design to 12 more countries, including Germany, Israel and South Africa. 37% Higher fuel economy. The CityCat model will clock out at 68 mph with a driving range of 125 miles. Refueling is simple and will only take a few minutes.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Electric vehicles represent a $7 trillion market opportunity between today and 2030, and $46 trillion between today and 2050, according to the new report, “ The Cost of Producing Battery Precursors in the DRC ”, launched at the DRC-Africa Business Forum 2021. —Ashish Sethia, global head of commodities at BNEF.

Africa 221