Remove Climate Remove Industrial Remove Oil Remove Stimulus
article thumbnail

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

Green Car Congress

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
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

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
article thumbnail

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

Green Car Congress

The Paris Agreement reflected an unprecedented international determination to act on climate. To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. —IRENA Director-General Adnan Z.

Renewable 199
article thumbnail

Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

Green Car Congress

World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period. But after the second half of 2008, when international oil prices dropped 75%, global energy intensity started rising.

2010 246
article thumbnail

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

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. drive increased investment in the industry, the report finds. After healthy growth over the past decade, the global biofuels industry is entering a new era marked by feedstock flexibility, product neutrality, and sustainability, the report notes.

Global 225
article thumbnail

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

Green Car Congress

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 ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3

Financing 150
article thumbnail

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

Green Car Congress

Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. Why then do we not have the same clarity of goal for the electricity generating industry here in the USA? None of these have led to a fundamental shift to the industry’s approach to propulsion. Power plant capital costs.

Renewable 220