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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.

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IIASA study proposes solid air hydrogen liquefaction as efficient addition to hydrogen liquefaction supply chain

Green Car Congress

The COVID-19 pandemic and the Russia-Ukraine war have further increased the interest of Europe and Western countries to invest in the hydrogen economy as an alternative to fossil fuels. The hydrogen is liquefied where electricity is cheap. An open-access paper on the work is published in the International Journal of Hydrogen Energy.

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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

But now China has said it will “rein in” some of its huge EV expansive in response to criticism of “unfair” industrial and trade policies. There are also some disorderly competition behaviors,” Xin Guobin, vice-minister of industry and information technology, told the Financial Times. What that means is anyone’s guess.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 The good news is that most of the US players now have their costs in line to capitalize on a slow, steady sales recovery. Specifically, the firm estimates US auto sales will reach just 12.7 million in 2012.

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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

But with the crash in prices since mid-2014, the effect of the regulation has reversed: motorists are now effectively subsidizing the oil industry. That means consumers are not reaping the benefits of cheap fuel. The higher prices they pay offer a huge lifeline for the oil industry. per million Btu (MMBtu).

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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.

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Lockheed Martin pursuing compact nuclear fusion reactor concept

Green Car Congress

McGuire told Reuters that he and a small team had been working on fusion energy for about four years, but were now going public to find potential partners in industry and government for their work. Aside from this inefficiency, the physics of the tokamak dictate huge dimensions and massive cost. high and weigh 23,000 tons. Resources.

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