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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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The report “Decarbonizing Steel: A Net-Zero Pathway” outlines the path to making profitable, low-emissions steel and describes how a combination of falling hydrogen costs, cheap clean power, and increased recycling could reduce emissions to net zero, even while total output increases. Today’s new plants are tomorrow’s retrofits.

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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

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The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil-fuel-dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement, according to a new report from BloombergNEF (BNEF). Abatement cost with hydrogen at $1/kg (7.4/MMBtu).

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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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High-level findings of the MIT study include: There are abundant supplies of natural gas in the world, and many of these supplies can be developed and produced at relatively low cost.

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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. Subsidy costs for biofuels increase steadily over time, reflecting limited scope for further cost reductions for conventional biofuels and strong growth in use. Source: IEA. Click to enlarge.

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

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The combination of harvesting whole forests and burning long-sequestered carbon sources such as coal or oil has impaired the Earth’s carbon cycle at an increasing pace. The designs can be greatly improved to be more cost-effective. In this paper PHEV refers solely to the long-range PHEV of 60 miles (100 km) electric-only range.)

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