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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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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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Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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DOE to Award Up to $55 Million in Funding to Develop Advanced Carbon Capture Technology at Existing Coal-Fired Power Plants

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Energy Secretary Chu sent a letter this week to world energy ministers and other scientific leaders calling for an aggressive global effort to advance carbon capture and sequestration technology to the point where widespread, affordable deployment can begin in 8 to 10 years. Earlier post.)

Coal 199
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India’s Own Battery Manufacturing Plant

Electric Vehicles India

If this import figures could be reduced then we could reduce the cost of the vehicle which will make the vehicle more affordable to all class of people. He invested around 60 Billion rupees and the industry plans to supply 10% of the global demand for anode material for Lithium-ion batteries by 2030.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

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Steelmaker ArcelorMittal Europe targets 30% cut in carbon emissions by 30% by 2030

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Key to the success of the roadmap, and ArcelorMittal Europe’s ambition to be carbon neutral by 2050, will be supportive policy to ensure a global level playing field. Torero – €40-million investment to convert waste wood into bio-coal to displace the fossil fuel coal currently injected into the blast furnace.

Carbon 195
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President’s FY 2013 Budget requests $650.8M for Fossil Energy programs

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The research and development (R&D) portfolio is designed to ensure the ability to use abundant domestic fossil resources through the development of technologies with a specific focus on significant reductions of global carbon emissions at acceptable cost. It also includes $35 million for NETL staff to conduct in-house coal R&D.

2013 199