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The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. —Dr Fatih Birol, the IEA Executive Director.
Some will suffer greatly from climate change, while others may even benefit. These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. —Cruz & Rossi-Hansberg.
ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel. Dual scoring system.
Kia EV6 ( earlier post )has achieved product carbon footprint certification and ‘ Carbon Measured ’ label from the globalclimate change and sustainability consultancy the Carbon Trust, becoming the first Korean vehicle manufacturer to achieve the certificate.
By uprooting carbon trapped in soil, wild pigs (feral swine), are releasing around 4.9 million metric tonnes of carbon dioxide annually across the globe, the equivalent of 1.1 Their study appears in Global Change Biology. Wild pigs are just like tractors ploughing through fields, turning over soil to find food.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. As a result, the carbon footprint of the production process could even be negative.
of the human-made climate impact; two-thirds of this impact are caused by emissions other than CO 2 , according to a new study by researchers in Europe and the US. Schematic overview of the processes by which aviation emissions and increased cirrus cloudiness affect the climate system. Aviation accounts for 3.5%
The CCS Full-Scale project is a central part of Norway’s efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. By supporting the project, the Norwegian government aims to facilitate further scaling up of CCS globally, by sharing knowledge and experience.
The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. To fight against climate change, the transport sector needs true decarbonization.
The XPrize Foundation today announced the winners of its four-year, US $100 million XPrize competition in carbon removal. Contestants in the carbon removal XPrize had to demonstrate ways to pull carbon dioxide from the atmosphere or oceans and sequester it sustainably. How Does Enhanced Rock Weathering Remove CO2?
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%
Canada-based Carbon Engineering Ltd. (CE) CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation.
This reduction is achieved through a closed-loop carbon recycling system, which could replace 90% of the coke typically used in current blast furnace-basic oxygen furnace systems and produces oxygen as a byproduct. Iron and steelmaking is the biggest emitter of CO 2 of all foundation industrial sectors, accounting for 9% of global emissions.
Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climate change challenges more urgently. Carbon neutrality refers to achieving zero carbon emissions by balancing such emissions with carbon removal. Ford is investing more than $11.5
New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. The company will also strive for greater energy and material efficiencies to support longer-term carbon neutrality ambitions. Nissan Motor Co.,
Alcoa is supplying aluminum for Audi’s pilot project from a self-developed, innovative smelting process that emits oxygen instead of carbon dioxide. The new smelting technology uses an inert anode that replaces the carbon anodes that are traditionally used during electrolysis, which is the process used to make primary aluminum.
Virginia Tech researchers, in collaboration with Pacific Northwest National Laboratory, have discovered that key parts of the globalcarbon cycle used to track movement of carbon dioxide in the environment are not correct, which could significantly alter conventional carbon cycle models.
In a paper published in the Journal of Cleaner Production , Associate Professor Lotfi Belkhir and Ahmed Elmeligi, a recent grad, assessed the globalcarbon footprint of the overall ICT industry, including the contribution from the main consumer devices, the data centers and communication networks, and compared it with total worldwide GHGE.
According to the latest report from the United Nations (UN), the global population in 2018 was 7.6 By 2050, the global population is expected to soar to 9.7 The world has experienced significant urbanization in recent decades. billion and the urban population was 4.2 billion, with 68% of the population living in urban areas.
Black carbon particles absorb heat in the atmosphere. For years, scientists have known that these particles are affecting Earth’s warming climate, but measuring their exact effect has proved elusive. Absorption by black carbon strongly affects regional and globalclimate. —Fierce et al. —Fierce et al.
The aviation sector is responsible for about 5% of global anthropogenic emissions causing climate change. That makes the fuel carbon neutral, especially if we use CO 2 captured directly from the air as an ingredient, hopefully in the not-too-distant future. —Aldo Steinfeld.
At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving carbon neutrality will be based on three key pillars: Sustainable Mobility; Sustainable Planet; and Sustainable Energy. Earlier post.).
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. Polymers typically emit 1.9
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. More than 300 global companies are participating. Hyundai Wia and Hyundai Transys Inc.,
The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company.
announced its next environmental sustainability strategy—PLANET 2050—which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change. By 2050, Cummins is targeting net-zero carbon emissions. Cummins Inc.
In an open-access report in the journal Environmental Pollution , researchers from UCLA and the University of Chicago estimate that California’s wildfire carbon dioxide equivalent (CO 2 e) emissions from 2020 (~127 mmt CO 2 e ) are approximately two times higher than California’s total greenhouse gas (GHG) emission reductions since 2003.
BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures.
A new study from the International Council on Clean Transportation (ICCT) has found that although liquid-hydrogen- (LH 2 )-combustion aircraft do not perform as well as their jet fuel counterparts, they can still play an important role in meeting aviation’s 2050 climate goals.
Although large emissions cuts are urgently needed to achieve globalclimate goals, it may take decades before we can measure the effect of the reductions on global temperature evolution, according to a new study by researchers at Norway’s CICERO Center for International Climate Research. Samset, Jan S.
Smart Carbon. This project is part of ArcelorMittal’s new global 25% CO 2 2030 emissions reduction target which was announced yesterday in our second climate action report. Across the company our people are highly motivated to demonstrate that steel can reach net zero and will be the core material for a carbon-neutral world.
FlyZero is the UK’s Aerospace Technology Institute (ATI) project aiming to realize zero-carbon emission commercial aviation by 2030. Funded by the Department for Business, Energy and Industrial Strategy, the project FlyZero began in early 2021 as an intensive research project investigating zero-carbon emission commercial flight.
LanzaTech UK and direct air capture technology company Carbon Engineering have partnered on a project to create sustainable aviation fuel (SAF) using atmospheric carbon dioxide (CO 2 ). The technologies enabling project AtmosFUEL are proven climate solutions that are being deployed globally.
Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.
Nepal, a small Himalayan nation of 30 million better known globally for its mountains, including Mt Everest, and trekking tourism, is quietly setting an impressive benchmark in the electric vehicle transition. In recent months, about 70% of all new passenger vehicles sold in Nepal were electric.
In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. Overall, this outlook shows clean hydrogen delivering crucial carbon emission reductions.
Airbus and a number of major airlines—Air Canada, Air France-KLM, easyJet, International Airlines Group, LATAM Airlines Group, Lufthansa Group and Virgin Atlantic—have signed Letters of Intent (LoI) to explore opportunities for a future supply of carbon removal credits from direct air carbon capture technology.
A preliminary analysis of global data has found that carbon dioxide emissions from fossil fuel sources reached a maximum daily decline of 17% in April as a result of drastic decline in energy demand that have occurred during the COVID-19 pandemic. Percentage change in global daily fossil CO 2 emissions, Jan-May 2020. Jones, M.W.
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