Remove Affordable Remove Climate Remove Emissions Remove Global
article thumbnail

IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

Climate 349
article thumbnail

ExxonMobil and Global Thermostat in joint development agreement to advance atmospheric carbon capture technology

Green Car Congress

ExxonMobil and Global Thermostat signed a joint development agreement to advance technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. During the process only steam and electricity are consumed, without the creation of emissions or other effluents.

Carbon 230
article thumbnail

RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. —Reiner Blaschek, CEO ArcelorMittal Germany.

Wind 195
article thumbnail

Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

Climate 218
article thumbnail

C40 Cities: urban consumption-based emissions must be cut by 50% by 2030, 66% for high-income areas; buildings, food, transport, clothing, electronics, appliances, aviation

Green Car Congress

A report released by C40 Cities finds that consumption-based emissions from nearly 100 of the world’s big cities already represent 10% of global greenhouse gas emissions. Without urgent action, those emissions are projected to nearly double by 2050. The new research, The Future of Urban Consumption in a 1.5°C

Emissions 306
article thumbnail

Yara Clean Ammonia and Bunker Holding to develop the market for ammonia as a shipping fuel

Green Car Congress

This agreement connects two key elements of the supply chain needed to achieve the use of clean ammonia as a shipping fuel—a global supplier of clean ammonia and the largest bunker supplier today in terms of end users. Clean ammonia is one of the most effective alternatives for decarbonizing maritime transport.

Clean 195
article thumbnail

Bosch on importance of renewable synthetic fuels to reach climate goals; e-fuels

Green Car Congress

The Paris Agreement calls for global warming to be limited to 2 ?C Electromobility is just now picking up momentum; further, electric cars are only as emissions-free as the production of electricity that charges their batteries. Climate neutrality. emissions from vehicles already on the road today. The fossil CO?

Renewable 300