Remove Cheap Remove Cost Of Remove Industrial Remove Russia
article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
article thumbnail

UK power crisis – entirely the fault of regulators and ministers

EV Info

Or in other words we are reliant on Putin to keep the light on and at his mercy on the cost of the gas. Right now, production is low in Russia, so the cost has increased. The unit cost of Gas in the UK is 4 times the price of US Gas. – Why, simple the US embraced Fracking to produce bountifully supplies of cheap gas.

Power 98
article thumbnail

Mad Power thoughts

EV Info

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Climate Change. Gas is the only answer.

Power 52
article thumbnail

War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia might even become, miraculously and temporarily, less intransigent, and Europe might then welcome status quo ante. Economically punishing Russia is difficult to do, for a variety of reasons. Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive.

Ukraine 114
article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. Russia might align with China. Saudi Arabia and Kuwait might, and should be encouraged to do so.

Carbon 207
article thumbnail

IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The 450 Scenario works back from the international goal of limiting the long-term increase in the global mean temperature to two degrees Celsius (2 °C) above pre-industrial levels, in order to trace a plausible pathway to that goal. Oil and the Transport Sector: Reconfirming the End of Cheap Oil. Click to enlarge.

Oil 247
article thumbnail

Budget Drones in Ukraine Are Redefining Warfare

Cars That Think

The war between Russia and Ukraine is making a lot of high-tech military systems look like so many gold-plated irrelevancies. In early May, Russia attributed explosions at the Kremlin to drones sent by Ukraine for the purpose of assassinating Vladimir Putin, the Russian leader. Unlike the fighters, though, they got cheap again.

Ukraine 91