article thumbnail

Cornell study examines trade-off between critical metals requirement and transportation decarbonization

Green Car Congress

—Fengqi You, senior author Currently, critical metals and minerals are centralized in politically unstable Chile, Congo, Indonesia, Brazil, Argentina and South Africa, according to the World Bank. It’s mainly driven by the electric vehicle market penetration and battery technology development.

article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
article thumbnail

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

Green Car Congress

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
article thumbnail

Summary of decisions from Durban climate conference

Green Car Congress

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
article thumbnail

Opinion: Everyone Is Guessing When It Comes To Oil Prices

Green Car Congress

Globally, the picture isn’t any better—Citigroup says Europe is at 90 percent, while South Korea, South Africa, and Japan may all be nearing 80 percent. While that should theoretically put upward pressure on oil prices because a stronger economy should lead to more oil consumption, oil prices actually fell.

article thumbnail

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

Green Car Congress

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.