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The uncertainties centre on Equinor’s backing for new “net zero” gas-fired power plants fitted with technology to capture carbon dioxide (CO2) billowing from their smokestacks, and bury the gas in disused oil and gas fields under the North Sea.
Approaches such as investing in offshore energy production, conserving coastal ecosystems and increasing consumption of sustainable ocean-based protein offer opportunities to reduce emissions. Biological approaches, which leverage the power of photosynthesis to capture CO 2 , offer a few approaches for carbon removal.
Electrification holds the key to cleaner, more efficient energy distribution and use. But fully realizing its promise demands balancing tech innovation with collaboration across industry, says Massimo Muzzì, head of strategy, business development and sustainability at ABB Electrification. C by 2050 remains achievable.
The only climate trend more powerful for global financial institutions than the drive to achieve net-zero emissions by 2050 is the momentum to exit oil and gas. For those counting, there are now more new policies being announced seeking to limit exposure to the oil and gas industry than those targeted at the moribund coal industry.
utility can reach net-zero carbon emissions by 2050 while still keeping natural gas as a central part of its business, both to generate electricity and to sell to its customers. utility has yet fully fleshed out how it intends to eliminate natural gas power plants from its generation portfolio. To be sure, no U.S.
By Faye Bowser, Head of Energy Solutions, Siemens plc. Kyoto Protocol agreed to use as a benchmark for their efforts to reduce greenhouse gas emissions, and 2050, the year many countries set as their target for carbon net zero. A lot of the hard work has come from decarbonising the grid and the shift to renewable power.
Titled Renewable Hydrogen - Seizing the UK Opportunity , the report calls on the government to back the development of 'green hydrogen' - produced using renewable energy - by supporting the renewable sector as it attempts to replicate the success of the UK's offshore wind industry. the RenewableUK study argues.
In a paper published in Food and Energy Security journal, a multi-disciplinary group of academic scientists along with prominent UK agriculture campaigner, Lord Curry of Kirkharle, suggest that investing in the quality of earth to enhance its ability to ‘lock in’ carbon should be a central pillar in the national and global push towards Net Zero.
The powerful climate pollutant methane is leaking out of dozens of oil and gas wells, pipelines, and storage tanks in Romania, adding to a growing body of evidence that methane leaks are widespread and pervasive in Europe. He visited 26 oil wells, 25 of which were leaking methane. James Turitto filming methane leaks.
Morial Convention Center, a small but dedicated group of environmental activists affiliated with Sunrise Movement New Orleans protested the start of the 20th edition of the Americas Energy Summit & Exhibition. It’s methane gas, which is 80 times more warming in the atmosphere than carbon dioxide. It’s not new.”
The milestone has been achieved four years ahead of schedule and is in line with the group’s strategy to achieve carbon-neutrality across its global facilities by 2025 and net-zero emissions by 2050. Our customers can be proud their products are made in facilities that use 100% renewable energy.
The aim is to create “a single integrated network to monitor all sources and sinks of greenhouse gases (GHGs) in the UK.” The investment in new capability will bolster efforts to improve national GHG data, which provide powerful and timely insight into the UK’s net zero transition.
Methane emissions reduction could significantly reduce rates of global warming at a relatively low cost, major research warns. As such, the report emphasises that methane mitigation is "one of the best ways of limiting warming in this and subsequent decades".
We know we have to change the way we live to curb harmful emissions and reach net zero by 2050. This decade alone, the industry must: Increase low carbon electricity generation by approximately 50 per cent from sources such as wind or solar power. Championing ultra-fast electric vehicle charging points.
European Commission unveils flurry of major policy plans as it seeks to help deliver on 2050 net zero goal, but green groups warn bolder action is still required. The Commission estimates the plan could help upgrade 35 million buildings across Europe and create up to 160,000 additional green jobs in the construction sector by 2030.
Note: this is the second installment of a dialogue Q&A series with private equity investors following a methane summit EDF recently hosted for portfolio companies of EIG Global Energy Partners (EIG) and Quantum Energy Partners. First, EIG is committed to being a part of the energy transition.
The fledgling green hydrogen industry has seen an investment surge of over $70bn in the wake of Russia's illegal invasion of Ukraine, as producers have looked to develop production facilities that do not rely on costly fossil gas as a feedstock.
This story is part of the series Getting to Zero: Decarbonizing Cascadia , which explores the path to low-carbon energy for British Columbia, Washington, and Oregon. And, in the United States, political gridlock chopped the heart out of Congress’ most ambitious clean energy plan. . Worried about the climate crisis? If not sooner.
Contributed by Hans Maghon, Head of Energy Storage at Siemens Energy. Understanding the different methods of energy storage allows us to glimpse the shape of our future energy system. Batteries are making headway in power generation. But soon, that’s going to be a thing of the past. Let’s first focus on batteries.
Investigating the possibility of putting data centres into space, LG’s ThinQ UP smart home appliance global launch and ‘circular’ farming with onsite methanol production and use for powering tractors are in the week’s technology radar. Task force to innovate space applications for energy Unlocking smart meter data for research.
Business as usual for the oil and gas industry is over. Investor confidence is flagging just as the talent pool shrinks and competition from cleaner energy sources intensifies. The first implementation task for oil and gas companies is delivering on promises to virtually eliminate methane emissions from their entire supply chain.
Fortunately, Morgan Stanley has broken the status quo this week, becoming the first major American bank to commit to net-zero financed emissions by 2050. Adopting net-zero by 2050 benchmarks will allow banks to minimize portfolio-wide climate risks and capitalize on the financial opportunities of the energy transition.
Gulf Coast typically receives much of the attention for the LNG rush , the Pacific Coast of Canada is home to multiple proposed LNG export projects, as energy companies scramble to export fracked gas from northeast British Columbia. Thames is a former executive at Cheniere Energy, a prominent U.S. And that is from just one project. “We
It’s packed with energy; per unit of weight, at least 60 times as much as the lithium-ion batteries used to propel electric cars. In the presence of the sun’s rays, nitrogen molecules set of a chain of reactions that produce ozone and destroy free-floating atmospheric methane. It’s also terrible for the climate. Others warm it.
As industry is one of the biggest drivers of global climate change and is entirely dependent on the earth’s resources for production, it is important for business leaders and employees to understand the Anthropocene, its implications, and what it means for the future of sustainability and industry. . The Holocene.
The study found that hydrogen leaks, though impactful, are about three times less damaging to the climate than methane leaks (the primary component of natural gas) on a per-mass basis. When hydrogen leaks, it reduces atmospheric hydroxyl radicals (OH), which act as natural detergents by breaking down methane.
billion tonnes of CO 2e per year by 2050 – if no improvements in this sector are made. We calculated that this represents 5% of the estimated total global emissions for 2050 (based on business-as-usual models). Yet the most common waste types here are industrial non-hazardous waste and fossil fuel combustion waste.
Investors and climate experts are increasingly concerned about one of the energy transition’s biggest loopholes – the transferred emissions problem. Securing large-scale emissions reductions in the real economy – not through accounting exercises – is core to a successful energy transition. By Andrew Baxter and Gabriel Malek.
manufacturing Building a resilient supply chain Strengthening rural and Tribal access Scaling a regenerative food system These entrepreneurs join our portfolio of more than 160 companies that have collectively created over 10,000 jobs and are delivering real benefits in local communities. The Big Picture: Even a thin.5mm
That is the stark conclusion of a new report today from a team at UCL and banking giant HSBC, which argues the farming industry can deliver net zero emissions but only if it embraces significant changes to farm management.
Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs.
California's new decarbonisation plan, Austria's windfall tax, and global methane reduction efforts. The agency said the strategy represened an unprecedented effort to drastically slash pollution and accelerate the transition to clean energy. "No California Air Resources Board publishes sweeping net zero strategy.
It’s not too late to take collaborative climate action for net-zero emissions by 2050. emissions by 2050 while also dramatically limiting other GHG emissions like methane. The energy transition is well underway in the energy capital of the world and we invite you to get involved! That’s right! 4, 2021.
A 2050 net-zero vision may be an inspiration, but it is not a plan. To realize its ambitions, Wall Street must integrate climate into its core business, evolving its approach to capital allocation and changing its relationships with carbon-intensive industries. As with other core financial issues, monitoring metrics is just the start.
Last November the Glasgow Financial Alliance for Net Zero marshalled financiers worth $130 trillion to adopt a target of net zero financed emissions by 2050, but one major segment of the financial sector was conspicuously missing. This influx of carbon-intensive business gives private equity firms unique leverage in the energy transition.
Only 16 per cent of banks in the Alliance, which represents around 40 per cent of the world's banking assets, have set overarching interim emissions reduction targets for 2030 or sooner, leaving many flying blind in their commitment to meet net zero by 2050, according to the campaign group. world.".
New IEEFA report argues existing CCS projects are underperforming, but industry counters that carbon capture projects can deliver major emissions savings when effective policy frameworks are in place. Producing the primary usable product - natural, or methane gas - is impossible without separating CO2," researchers explained.
Food is basically a combination of energy, water and nutrients. Some plants and micro-organisms can make food ‘out of thin air’ by simply rearranging carbon, water and oxygen molecules using energy from the Sun. Carbs are our fuel, protein and fat are the building blocks of our cells. This is called photosynthesis. Absolutely.
The global stampede to develop clean energy sources has prompted a demand for ammonia analysers from the developers of engines that will be capable of using ammonia as a fuel. In November 2021 the European Commission published a report entitled: ‘Hydrogen: Europe’s Industry rolling out hydrogen projects on massive scale’.
Some companies were also accused of using distant climate goals, some as late as 2050, to promote their green credentials, misleading consumers into thinking emissions cuts are occurring now. Greenwashing is rampant across the meat and dairy sector," said Changing Markets Foundations campaigns director Nusa Urbancic. "It
While 70% of total expenditures are directed toward “Clean Energy & Clean Air” investments, additional claims on those funds may diminish the amount made available for direct emission reduction activities. LCPI analysis does not attempt to project the likelihood of the state being deemed on track to achieve its 2050 goals.
Approaches such as investing in offshore energy production, conserving coastal ecosystems and increasing consumption of sustainable ocean-based protein offer opportunities to reduce emissions. Biological approaches Biological approaches, which leverage the power of photosynthesis to capture CO 2 , offer a few approaches for carbon removal.
Approaches such as investing in offshore energy production, conserving coastal ecosystems and increasing consumption of sustainable ocean-based protein offer opportunities to reduce emissions. Biological approaches Biological approaches, which leverage the power of photosynthesis to capture CO 2 , offer a few approaches for carbon removal.
utilities such as Duke Energy , Dominion Energy , Southern Company and Xcel Energy. Each still plans to build new natural gas power plants in the near term, despite the additional emissions they will cause. electric grid relies on fossil fuels for 63 percent of its generation, and according to the U.S.
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