article thumbnail

IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies. While plant lifetime extensions require substantial investment, they generally yield a cost of electricity that is competitive with wind and solar in most regions.

Russia 458
article thumbnail

Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

Green Car Congress

A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., As Russia struggles with an ailing economy, rising inflation and a volatile currency, there’s no sign of a recovery any time soon, the consultancy said. —Uwe Kumm.

Russia 247
article thumbnail

UCL-led study finds climate impact caused by growing space industry needs urgent mitigation

Green Car Congress

The rapidly growing space industry may have a greater climate effect than the aviation industry and undo repair to the protective ozone layer if left unregulated, according to a new study led by UCL and published in the journal Earth’s Future as an open-access paper. The space industry is one of the world’s fastest growing sectors.

Climate 428
article thumbnail

Tesla CEO Elon Musk shoots down reports of Gigafactory Russia

Teslarati

Tesla CEO Elon Musk has denied that the electric automaker has landed on a location for its fourth Gigafactory after reports indicated that Russia would be the location. Russian media outlets had indicated that the country’s officials confirmed Tesla would build its newest production facility in Russia.

Russia 145
article thumbnail

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

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
article thumbnail

Nornickel to add new nickel and cobalt alloys to its range

Green Car Congress

Russia-based Nornickel has begun prototyping new nickel- and cobalt-based alloys, which are of high demand in the aviation, space, nuclear, chemical and oil and gas industries. Nornickel’s Kola Division in Russia is represented by Kola MMC, a wholly owned key production site.

Russia 435
article thumbnail

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

Green Car Congress

This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243