article thumbnail

BloombergNEF: battery metals rebounding; by 2030, annual Li-ion battery demand to pass 2TWh

Green Car Congress

In the LFP scenario, BloombergNEF increases LFP’s share of stationary storage deployments in 2030 from 23% to 53% at the cost of the highest nickel chemistries. Manganese supply recovers strongly: Manganese production in South Africa in April increased by 208% year on year.

Li-ion 300
article thumbnail

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

Green Car Congress

Moreover, Brazil is expected to have one of the lowest costs for hydrogen production by 2030, according to research by BloombergNEF. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. Green recycling is also a cost-effective and immediate solution.

Hydrogen 221
article thumbnail

Summary of decisions from Durban climate conference

Green Car Congress

Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. is not high enough to keep the global average temperature rise below two degrees Celsius, based on forecasts. Countries have already started to pledge to contribute to start-up costs of the fund, meaning it.

Climate 294
article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

Without efficiency gains across economies worldwide, energy demand from 2010 to 2040 would be headed toward a 140% increase instead of the 35% forecast in the report. Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040. Outlook for Energy.

Energy 252