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

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Decarbonizing current and developing new end-uses, it can abate up to 85 GtCO 2 eq in cumulative emissions by 2050, more than twice global CO 2 emissions in 2021. This research shows that clean hydrogen can deliver up to 85 gigatons in reductions to cumulative CO 2 emissions by 2050, more than twice global CO 2 emissions in 2021.

Clean 429
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DOE launches major 10-year project to use high performance computing for climate change research; ACME

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The initial focus will be on three climate change science drivers and corresponding questions to be answered during the project’s initial phase: Water Cycle: How do the hydrological cycle and water resources interact with the climate system on local to global scales?

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Consortium proposes large-scale industrial cultivation of marine microalgae (ICCM) as solution to global energy, food, and climate issues

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Members of the Marine Algae Industrialization Consortium (MAGIC), led by Duke University in North Carolina, have published an open-access paper in the journal Oceanography presenting the large-scale industrial cultivation of marine microalgae (ICMM) as an answer to pressing global energy, food and climate security issues.

Mariner 150
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NYK Line, JMU and ClassNK partner to commercialize ammonia-fueled ammonia gas carrier

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NYK Line, Japan Marine United Corporation (JMU), and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB).

Gas 459
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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

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The scope of work also includes the installation of a new boiler for heating tanks and railcars and infrastructure improvements for rail, truck and marine movements. This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change.

Renewable 320
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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. This shift is already being reflected in supply-side investment.

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ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

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The mean cost of cost of climate change for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%