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Norwegian startup Blastr plans €4B green steel plant in Finland

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Blastr has entered into a Letter of Intent with Nordic energy company Fortum that provides Blastr exclusive rights to utilize the existing industrial site located in Joddböle, Inkoo in Finland, 55 km west of Helsinki. Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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Carbon emissions in port of Rotterdam drop more swiftly than national average

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In the period 2016-2020, the port of Rotterdam reduced its total carbon emissions by 27%. In 2020, Rotterdam achieved a 12% reduction in emissions, compared to 8% in the Netherlands as a whole. The carbon emissions of Rotterdam’s industrial sector fell by 1.1 The carbon emissions of Rotterdam’s industrial sector fell by 1.1

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. in 2020, it could rebound quickly to previous levels as soon as 2021, depending on the persistence and longevity of the pandemic. MMbtu in Russia, $8.7/MMbtu

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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Energy investment is set to fall by one-fifth in 2020 due to the COVID-19 pandemic. At the start of 2020, global energy investment was on track for growth of around 2%, which would have been the largest annual rise in spending in six years. Global investment in oil and gas is expected to fall by almost one-third in 2020.

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EIA projects increases in global energy consumption and emissions through 2050

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The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

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JetBlue to go carbon neutral on all domestic flights by offsetting emissions starting in 2020; flying with SAF from SFO

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JetBlue will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major US airline to take this measurable step toward reducing its contribution to global warming. Neste MY Renewable Jet Fuel is produced 100% from waste and residue raw materials.

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