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Volvo Cars first car maker to join SteelZero initiative in support of fossil-free steel ambitions

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HYBRIT aims to replace coking coal, traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. The aim is to future-proof its organization and be ahead of the regulatory curve, as it anticipates and favors more governments implementing carbon price in coming years.

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CMU study finds that coal retirement is needed for EVs to reduce air pollution

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Electric vehicles charged in coal-heavy regions can create more human health and environmental damages from life cycle air emissions than gasoline vehicles, according to a new consequential life cycle analysis by researchers from Carnegie Mellon University. That’s why the shift away from coal is so important for EVs. Jeremy Michalek.

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New Zealand LM Energy Applies for Underground Coal Gasification Prospecting Permit

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As part of its long term strategy to secure substantial energy resources in New Zealand L&M Energy Limited (LME) has lodged an application for an underground coal gasification (UCG) prospecting permit over a 2.112 sq km area containing in excess of 2 billion tonnes of Waikato coal measures. Prospecting permit application area.

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GM secures all energy needed to achieve renewable energy goal for 2025; 25 years ahead of target set in 2016

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By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal. Sourcing renewable energy is a critical component of GM’s plans to decarbonize.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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However, the new figures indicate that investor appetite is stronger than ever, in part due to the very high energy prices currently being seen in many markets around the world, according to BNEF. The investment growth trend follows China’s strategy to build new renewable generation capacity so that it can replace its existing coal fleet.

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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

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