article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. 2022) “Global Carbon Budget 2022”, Earth Syst. to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets.

Global 221
article thumbnail

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

program is paying nearly 10 times the projected price of carbon credits per ton in the best-case scenario, according to an analysis of the implied cost of carbon dioxide reductions under the program by UC Davis transportation economist Christopher Knittel. do not discuss the merits of the program in terms of stimulus.

article thumbnail

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

Rotterdam is also setting up a carbon transport and storage system, Porthos, which is also being considered as a CO 2 storage site for the production of blue hydrogen by the “H2morrow steel” project, which includes thyssenkrupp Steel as partner as well.

Hydrogen 305
article thumbnail

ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Emissions would exceed transport’s carbon budget more than three times. This would require: Putting in place ambitious low-carbon policies now; Reinforcing positive behavioral changes caused by the pandemic; and. Gearing stimulus packages towards decarbonization. Sustainable mobility is only possible with clean energy.

article thumbnail

Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

C temperature rise along the net zero carbon trajectory. Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimulus packages enacted in several countries during the pandemic, global oil demand may not peak before 2030.

Oil 259
article thumbnail

Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

Cost per ton of carbon reduced. jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The program resulted in a reduction of carbon dioxide emissions of only 8.58

article thumbnail

Headwaters and University of Utah Form JV for Carbon Storage

Green Car Congress

Headwaters Incorporated has formed a joint venture with the University of Utah—Headwaters Clean Carbon Services LLC (HCCS)—which will provide a full range of services for CO 2 geologic storage and CO 2 used for enhanced oil recovery and enhanced coalbed methane recovery. Earlier post.). Jim Lepinski, President of HCCS.

Utah 150