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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050.

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LA Metro contracts with Clean Energy for 47.5M gallons of renewable natural gas

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The Los Angeles County Metropolitan Transportation Authority (Metro) has signed a new agreement with Clean Energy Fuels for an estimated 47.5 million gallons of its renewable natural gas (RNG) to fuel the US’ largest transit bus fleet. —Metro’s Chief Sustainability Officer, Cris Liban.

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CARB: clean fuels replaced more than 50% of diesel used in California in Q1 2023

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Clean fuels replaced more than 50% of the diesel used in the state in the first quarter of 2023, according to the California Air Resources Board (CARB). The LCFS is one of several programs developed under AB 32 (the 2006 Global Warming Solutions Act) to cut California’s emissions of climate warming greenhouse gas.

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Canada launches $1.5B Clean Fuels Fund with call for proposals

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billion Clean Fuels Fund with a call for proposals for projects that increase Canada’s capacity to produce clean fuels. The fund supports building new or expanding existing clean fuel production facilities, including hydrogen, renewable diesel, synthetic fuels, renewable natural gas and sustainable aviation fuel.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. 2 Total SA.

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How renewable diesel can help fight climate change

Clean Fleet Report

Thankfully, renewable diesel offers a drop-in solution that delivers immediate environmental benefits and requires zero new investments. Over the lifecycle of the fuel, Neste’s renewable diesel can reduce GHG emissions up to 75% [1] compared to fossil diesel. Driving towards a circular economy.