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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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Polestar announces goal of climate-neutral car by 2030

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Polestar, the premium electric performance car brand founded by Volvo Cars and Geely Holding, has set a goal of creating the first climate-neutral car by 2030. The Polestar 0 project will drive a ‘design towards zero’ focus by eliminating emissions rather than offsetting by planting trees. Offsetting is a cop-out. Polestar 2.

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Bridgestone awarded $35M USDA Climate-Smart Grant to advance guayule natural rubber production

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The US Department of Agriculture has awarded Bridgestone and several partners a $35-million grant to continue its investment in desert shrub guayule ( earlier post ) to advance a climate-smart domestic rubber industry and offer a solution for growers amid the ongoing water crisis in the Southwestern US.

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Dutch report suggests hydrogen exchange could catalyze hydrogen market

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A hydrogen exchange, similar to electricity and gas exchanges, could act as a catalyst for a market for climate-neutral hydrogen, according to an exploratory study, “A Hydrogen Exchange for the Climate”, presented to Eric Wiebes, the Netherlands Minister of Economic Affairs and Climate Policy.

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Scripps Oceanography selects Glosten to design new California coastal hydrogen-hybrid research vessel

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The design is scaled so the ship will be able to operate 75% of its missions entirely using hydrogen. With this selection, Glosten will provide the preliminary design, contract design, and detailed design for the research vessel to be operated by Scripps Oceanography.

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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. The production of aluminium, copper and high-grade iron ore will play a part in the transition to a low carbon economy.

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IEA: steep decline in nuclear power would threaten energy security and climate goals

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With nuclear power facing an uncertain future in many countries, the world risks a steep decline in its use in advanced economies that could result in billions of tonnes of additional carbon emissions, according to a new report by the International Energy Agency. Investment in new nuclear projects in advanced economies is even more difficult.

Climate 247