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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. MMbtu in Russia, $8.7/MMbtu

Gas 243
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bp and thyssenkrupp Steel to advance the decarbonization of steel production; low-carbon hydrogen and renewable power

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By replacing the coal-fired blast furnaces with direct reduction plants in which iron ore is reduced with low-carbon hydrogen, thyssenkrupp Steel intends to make steel production climate-neutral in the long term. Steel accounts for 8 to 11% of global CO 2 emissions. Arnd Köfler, Chief Technology Officer at thyssenkrupp Steel.

Hydrogen 170
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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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Green hydrogen is produced by using renewable energy (wind and solar) to power electrolysis that splits water into its constituent parts. Scaling up green hydrogen using existing infrastructure will be crucial to reaching climate goals. degrees Celsius.

Green 321
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Global Wind Power Capacity Grew 28.8% in 2008; 120.8 GW Total

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Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120.8 GW at the end of 2008, according to the Global Wind Energy Council. The US has now officially overtaken Germany (23,902 MW) as number one in wind power.

2008 150
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CLEPA study: EV-only approach would lead to the loss of half a million supplier jobs in the EU

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All three scenarios assume accelerated electrification to meet climate goals, with a high market share for electrified vehicles (Battery-electric vehicles, plug-in hybrid electric vehicles and full hybrid electric vehicles) by 2030 of more than 50%, almost 80%, and close to 100%, respectively. CLEPA’s policy recommendations.

Europe 199
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 billion, level with 2019 despite falling unit prices.

2020 259
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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

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Simple, effective solutions that can help lessen the impact of climate change already exist. Rahman, a power expert and professor of electrical and computer engineering at Virginia Tech , is the former chair of the IEEE ad hoc committee on climate change.