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Biden sets 2030 net GHG reduction target for US of 50-52% below 2005 levels

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US President Joe Biden announced a new target for the United States to achieve a 50-52% reduction from 2005 levels in economy-wide net greenhouse gas (GHG) emissions in 2030. In 2019, US greenhouse gas emissions totaled 6,558 million metric tons of carbon dioxide equivalents (MMT CO 2 Eq.), Total GHG emissions in 2019 were up 1.8%

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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The advancement is aimed at accelerating the production of electric vehicles and energy storage solutions for the power grid. Moving forward to an electrified world with millions of electric cars, cobalt is not sustainable. Stealth-mode electrochemical energy storage startup SPARKZ Inc. —Ilias Belharouak.

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H2FUTURE building world’s largest green hydrogen pilot plant; targeting the steel industry

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The European H2FUTURE project consortium, comprising voestalpine, Siemens, VERBUND, and Austrian Power Grid, together with the research partners K1-MET and ECN, officially gave the green light to the construction of a 6 MW “green” hydrogen pilot production plant—the world’s largest—at a voestalpine Linz steel plant.

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BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

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Ethanol produced from sugarcane is one of the most carbon-efficient biofuels available globally, with lifecycle greenhouse gas emissions around 70% lower than conventional hydrocarbon transport fuels. BP’s interest in the new venture will grow its existing biofuels business by more than 50%.

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Report: sustainable batteries represent the best prospect for meeting Paris climate goals; requires $550B investment over 10 years

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The report— A Vision for a Sustainable Battery Value Chain in 2030 —suggests that, with a concerted push to put the right conditions in place, batteries could enable a 30% reduction in carbon emissions in both the transport and power sectors. Additionally, 600 million people would be provided with electricity for the first time.

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Canada, US and Mexico commit to align light- and heavy-duty fuel efficiency and GHG standards out to 2025 and 2027, respectively

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A key element of that partnership is a goal for North America to strive to achieve 50% clean power generation by 2025. As part of that effort, the leaders committed to reduce greenhouse gas (GHG) emissions from light- and heavy-duty vehicles by aligning fuel efficiency and/or GHG emission standards out to 2025 and 2027, respectively.

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