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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

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CESifo: EVs not the best option for reduction in on-road CO2 in Germany given power mix

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Unfortunately, due to our grid situation, electric cars are still too early for this strategic goal in the sense of German climate protection efforts. The idea of providing the necessary storage of wind and solar energy with batteries is utopian, as the Leopoldina, Acatech and the Union of Academies of Sciences have emphasized.

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2019, but power sector CO 2 emissions fell by even more (-8.2%), largely because of increases from renewable sources such as wind and solar. Because sources such as wind and solar have no fuel costs, when available, they are the first sources dispatched to meet electricity demand.

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Wind-to-Hydrogen Tech Goes to Sea

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Many countries have met their climate goals and are on track to be completely carbon neutral. Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables.

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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Recent breakthroughs in separations and catalysis, along with long-trend reductions in solar and wind electricity costs, have significantly increased the potential for cost-competitive renewable fuels from direct air capture (DAC) of CO 2. TW of combined solar and wind capacity for the United States alone will be required.

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United announces investment in, commercial agreement with Dimensional Energy; CO2-to-SAF

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The company’s early success led to its status as a finalist in the first Carbon Xprize, and in September 2021, global climate technology nonprofit investor Elemental Excelerator funded Dimensional as part of its 10 th cohort, which led to the company’s introduction to United.

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3 Oil Majors That Bet Big On Renewables

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Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

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