Remove Climate Remove Gas Remove Oil Remove Stimulus
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

Global 221
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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM will require large and increasing quantities of hydrogen to produce steel without coal. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen 305
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The Paris Agreement reflected an unprecedented international determination to act on climate. The focus must be on the decarbonization of the global energy system as it accounts for almost two-thirds of greenhouse gas emissions. Oil consumption would also fall but its substitution is challenging in several sectors.

Renewable 199
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. By the time REFF West occurred in October 2008 the climate had changed dramatically.

Financing 150
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. The number of off-take agreements with oil and chemical will increase, confirming the trend.

Global 225
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Source: EIA.

Renewable 220
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IEA: global carbon dioxide emissions have rebounded strongly

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In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. This was the result of accelerating economic activity as well as the combination of higher natural gas prices and colder weather favoring an increase in coal use.

Emissions 433