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thyssenkrupp greenlights construction of €2B hydrogen-powered direct reduction plant for low-CO2 steel

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million metric tons, will avoid the emission of 3.5 The first direct reduction plant with downstream melters will supply our customers with over two million metric tons of low-CO 2 premium steel per year in the foreseeable future, significantly more than previously planned. The major project remains subject to public funding.

Low CO2 448
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Maersk sets net zero CO2 emission target by 2050

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of global CO2 emissions. Depending on future development, this could rise to 15% by 2050, according to a 2016 study by the Danish Shipowner’s Association (DSA) and UCL Energy Institute. This makes the sector pivotal in bringing down global emissions.

CO2 286
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Audi aims to reduce CO2 emissions by 30% over the vehicle lifecycle by 2025

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Audi has set the goal of successively reducing vehicle-specific CO 2 emissions by 30% by 2025 compared with reference year 2015 and over the entire product lifecycle. In the long term, Audi is pursuing the vision of CO2-neutral mobility and aims to be climate-neutral throughout the company on balance by 2050. 97.9 - 111.9

Audi 275
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New phase of globalization could undermine efforts to reduce CO2 emissions

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A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications.

Global 170
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Kobe Steel demonstrates technology that can reduce blast furnace CO2 emissions by ~20%

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(KOBELCO) has successfully demonstrated technology that can reduce CO 2 emissions from blast furnace operations by approximately 20% by combining the Midrex’ HBI technologies and the blast furnace operations of Kobe Steel. For example, the AI is designed to predict the molten iron temperature five hours into the future.

Emissions 243
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DHL, Shell and Grundfos Bio-LNG pilot for road freight delivers 85% CO2 savings over conventional diesel

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In June 2021, DHL Freight started piloting a Bio-LNG solution (Bio-Liquefied Natural Gas from sustainable biomass) with Shell on three haulier trucks to reduce CO 2 emissions in road freight transport for DHL’s customer Grundfos. The logistics industry is currently responsible for 11 percent of global carbon emissions.

CO2 170
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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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All regions of the world do not—and will not—experience the effects of CO 2 emissions in the same way. Some will suffer greatly from climate change, while others may even benefit. In practice, countries and regions tend to consider the implications of climate change for themselves, not for the whole world.

Tax 397