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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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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). Source: IRENA. The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5

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Building materials recycler switches fleet to Neste renewable diesel

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Now, Argent has switched its fleet from petroleum diesel to Neste MY Renewable Diesel. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. We decided to switch to renewable diesel once our quality and availability concerns were satisfied. Our experience has been positive.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.

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Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

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Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor.

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Preem begins production of renewable diesel at Lysekil

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For the first time, renewable raw materials are being converted to Swedish Environmental Class 1 diesel (maximum sulfur content of 10 ppm) at Preem’s refinery in Lysekil. The aim is to annually produce up to 950,000 cubic meters (251 million gallons US) of renewable fuel by 2024. About two-thirds of the products are exported.

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