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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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Cohort of new stakeholders joins Open Hydrogen Initiative

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Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage.

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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. Enhance resilience to physical climate risks. Rio Tinto’s new 2030 climate targets are linked to executive remuneration.

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Tesla donates $3.1M of $6M grant to Jeff Dahn’s Dalhousie University battery team

Teslarati

A team of battery researchers at Canada’s Dalhousie University are the recipients of a $6 million grant from the Natural Sciences and Engineering Research Council (NSERC). million to help develop advanced batteries from electric cars and grid energy storage. The NSERC will give the team, headed by Dr. Jeff Dahn, $2.9

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Volvo Energy invests $4.9M in Connected Energy for second-life battery business; 10% stake

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In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. —Joachim Rosenberg, President Volvo Energy.

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Climate Change is NSF Engineering Alliance’s Top Research Priority

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Since its launch in April 2021 , the Engineering Research Visioning Alliance has convened a diverse set of experts to explore three areas in which fundamental research could have the most impact: climate change; the nexus of biology and engineering; and securing critical infrastructure against hackers. Greenhouse gas capture and elimination.

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IEEE’s Plan To Help Combat Climate Change

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The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. Rahman: Its charter is to develop a cross-IEEE strategy to synchronize and guide the organization’s response to changes in the global climate. Why should IEEE be involved in combating climate change?