article thumbnail

ArcelorMittal publishes concept for global low-carbon emissions physical steel standard

Green Car Congress

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.

Standards 431
article thumbnail

BNEF: global carbon capture capacity due to rise sixfold by 2030

Green Car Congress

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%

Carbon 293
article thumbnail

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

Green Car Congress

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. The price of carbon should then be set at this price, everywhere. —Cruz & Rossi-Hansberg.

Tax 397
article thumbnail

LCA finds EMN high-purity manganese products have lower carbon footprint than incumbent industry

Green Car Congress

GWP processing routes using both grid-mix electricity and renewable electricity were evaluated in-line with LCA best-practice and Global Battery Alliance requirements for the battery passport. HPMSM produced via EMM dissolution has a carbon footprint 59% lower at Chvaletice compared to HPMSM produced in China.

Carbon 243
article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
article thumbnail

S&P Global: increasing trade of low-carbon biofuel feedstocks heightens supply constraint concerns

Green Car Congress

Animal fats and used cooking oil are increasingly joining the likes of lithium, cobalt and copper as energy transitional materials where supply constraints are of growing concern, according to a new analysis of trade flows by S&P Global Commodity Insights Agribusiness Consulting group. The chase is on, and it is here to stay.

Carbon 170
article thumbnail

Raven SR and Chart Industries to collaborate on hydrogen and carbon capture

Green Car Congress

Raven SR, a renewable fuels company, and Chart Industries will collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR’s non-combustion Steam/CO 2 Reformation process of converting waste to renewable fuel. —Matt Murdock, CEO of Raven SR.

Hydrogen 170