article thumbnail

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement. The price of carbon should then be set at this price, everywhere.

Tax 397
article thumbnail

ROSATOM, Metalloinvest and Air Liquide to evaluate joint project in low-carbon hydrogen production for DRI

Green Car Congress

Electrolysis of water using low-carbon electricity (“yellow” and / or “green” hydrogen) and steam reforming of methane in combination with carbon capture technologies (“blue” hydrogen) are considered as possible means for hydrogen production. —Evgeny Pakermanov, President of Rusatom Overseas JSC. Earlier post.).

Hydrogen 243
article thumbnail

DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

Green Car Congress

million in funding for 12 projects as part of Phase 1 of the Advanced Research Projects Agency-Energy’s (ARPA-E’s) FLExible Carbon Capture and Storage (FLECCS) program. The post-combustion outlet gas is more easily separated into water and CO 2 to the pipeline, thereby lowering the electricity costs of grids with high levels of VRE.

Carbon 333
article thumbnail

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

Green Car Congress

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).

Hydrogen 221
article thumbnail

Researchers develop wave-energy-driven CO2 reduction system for production of carbon-based liquid fuels

Green Car Congress

Finally, they present design guidelines for achieving a cost-effective, efficient, and large-scale wave-energy-driven CO 2 reduction system for liquid fuel production. Schematic of the ocean-wave-driven electrochemical CO 2 RR system for liquid fuel production. mol of formic acid per day at 18 knots wind speed. —Leung et al.

Carbon 370
article thumbnail

Argonne releases new cradle-to-grave lifecycle analysis of US LDV vehicle-fuel pathways

Green Car Congress

The study provides a comprehensive analysis of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways; the levelized cost of driving (LCD); and the cost of avoided GHG emissions. It is hard to overstate the importance of the improvements in battery costs on this analysis.

Fuel 417
article thumbnail

Neste to receive €88M from EU toward green hydrogen and carbon capture & storage at Porvoo; SHARC

Green Car Congress

The project introduces carbon capture and storage (CCS) and electrolysis solutions that allow decarbonization of production at the refinery. Hydrogen is essential in the production processes of transportation fuels, so the green and blue hydrogen will reduce the carbon intensity of these fuels. BECCS@STHLM, led by Stockholm Exergi.

Hydrogen 186