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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. —Ryan et al. 1 growth in 2019 launches and re-entries.
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.
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.
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.
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. since 2015.
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%
Researchers from the University of Birmingham have designed a novel adaptation for existing blast furnaces that could reduce CO 2 emissions from the steelmaking industry by nearly 90%. Iron and steelmaking is the biggest emitter of CO 2 of all foundation industrial sectors, accounting for 9% of global emissions.
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?
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.,
Greenhouse gas emissions (GHGE) from the Information and Communication Industry (ICT) could grow from roughly 1–1.6% Clearly this business model, while highly profitable to the smart phone manufacturers and the telecom industry, is unsustainable and quite detrimental to the global efforts in GHGE reductions.
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. UBQ Industrial Grade.
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. This entire process is mild, safe, and carbon negative.
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. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.
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.
At that temperature, Heliogen can replace the use of fossil fuels in critical industrial processes, including the production of cement, steel, and petrochemicals, dramatically reducing greenhouse gas emissions from these activities. But electricity accounts for less than a quarter of global energy demand.
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.
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.
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.
Leading banks and the United Nations on Sunday launched the Principles for Responsible Banking , with 130 banks collectively holding US$ 47 trillion in assets—one third of the global banking sector—signed up. The Principles create the accountability that can realize responsibility, and the ambition that can drive action.
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.).
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.
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.
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.
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.
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.
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.
Scottish Enterprise, Transport Scotland and the Hydrogen Accelerator, based at the University of St Andrews, have appointed Arcola Energy and a consortium of industry leaders in hydrogen fuel cell integration, rail engineering and functional safety to deliver Scotland’s first hydrogen powered train.
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.
Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. Source: 2020 Global Status on CCS. World map of CCS facilities at various stages of development.
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.
Volvo Cars is teaming up with Swedish steel maker SSAB to jointly explore the development of fossil-free, high-quality steel for use in the automotive industry. The result is expected to be fossil-free steelmaking technology, with virtually no carbon footprint. By 2040, Volvo Cars’ ambition is to be a climate-neutral company.
At an event held at its steel plant in Ghent, Belgium, ArcelorMittal inaugurated its flagship carbon capture and utilization (CCU) project. The €200-million Steelanol project is a first of its kind for the European steel industry. It will reduce annual carbon emissions from the Ghent plant by 125,000 tonnes. Earlier post.)
Industrial gases leader Air Products, and its subsidiary Air Products Canada Ltd., Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050. billion (CAD) net-zero hydrogen production and liquefaction facility expected onstream in 2024.
E-Fuels company HIF Global, together with partners, authorities, and community representatives, celebrated the production of the first liters of synthetic gasoline at the Haru Oni Demonstration Plant in southern Chile. We are very interested in importing climate-friendly hydrogen derivatives and fuels. Earlier post.).
The electrolyzer will produce oxygen and hydrogen for Ovako’s steel-heating process and is a major step towards zero-carbon emission steel production. At present, global emissions for the industry are estimated at 1700 kg of CO 2 per tonne of crude steel. —Rickard Qvarfort, President Business unit Hofors. Source: Ovako.
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it.
Methane pyrolysis separates methane (CH 4 ) into gaseous hydrogen and solid carbon that is a valuable material for various industry branches and can also be stored safely. Now, KIT is partnering with industry partner Wintershall Dea to further develop this process for use on an industrial scale. Resources. Geißler, A.
Tenneco is putting its 100-plus years of powertrain expertise in improving vehicle fuel efficiency and reducing emissions to work to explore synthetic fuels (e-fuels) as a viable near-term solution to further maximize the efficiency and minimize the carbon footprint of internal combustion engines (ICE).
The Paris Agreement calls for global warming to be limited to 2 ?C C above pre-industrial levels, and preferably 1.5 °C. Then add carbon. Climate neutrality. Vehicles on the road, when powered by synthetic fuel, are ultimately climate-neutral. The fossil CO? Finally, combine CO?
The ICCT has conducted a comprehensive global and temporal life-cycle assessment of GHG emissions from a variety of alternative passenger car powertrains and fuels. Based on stated policies, it accounts for changes in the carbon intensity during the useful lifetime of the vehicles.
of the methane in gas flares used by the oil and gas industry. It is one of several projects funded in support of the US Methane Emissions Reduction Action Plan, announced at the 2021 United Nations Climate Change Conference (COP26). SwRI Research Engineer Luis Gutierrez is working with Prof. Margaret Wooldridge, an Arthur F.
It is a strategy rooted in cross-cutting research and engineering to enable industry stakeholders, communities, government agencies, and early adopters to meet their climate goals. The transportation sector is the largest source of greenhouse gas emissions in the United States, accounting for about 28% of total carbon emissions.
The project results therefore contribute to Sustainable Development Goal 13 on Climate Action of the UN Global Compact through decarbonization with the major advantage of doing so at a lower cost than the technologies currently in use. The project had a budget of €4.2
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