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The push to quickly transition carbon-intensive activities away from fossil fuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. Manufacturing is going electric, too, as companies ratchet up their net-zero-carbon goals. Joel Makower.
Meeting AIs Energy Demands with Innovative Solutions Artificial intelligence has seen explosive growth over the past few years, with generative AI tools like ChatGPT igniting the demand for powerful computing infrastructure. While these operations are not yet completely carbon-free, the benefits are clear.
Carbon marketplace hawks credits in businesses that store CO2 with their products. As corporate interest in carbon removal options grows, Puro.earth , a startup from Finland, is offering a twist on carbon marketplaces. Gloria Oladipo. Mon, 08/31/2020 - 05:00.
Project Termination Amid Financial and Policy Challenges South Koreas government has officially halted plans for a landmark 100MW hydrogen fuel cell power plant in Yeongam, South Jeolla Province. This shift diminished demand for renewable energy initiatives, creating additional roadblocks for hydrogen power plant developers.
The process of handling disrupted supply chains, shifts in demands and business models and modes of communication; governance and decision-making changes during leadership under lockdown. As for disclosure, investors expect more of it and at a more robust level, but they are also demanding goal-setting, with metrics and accountability.
About six months ago, I wrote that 2020 would be a pivotal year for environmental, social and governance (ESG), and that what happens this year and over the next decade could determine the next century. While calculating a carbon footprint is comparatively easy, how does one create science-based targets for worker welfare or racial injustice?
I participated in a recent industry summit organized by Cathay Financial Holdings, where senior executives met with high-level government officials and scholars to discuss the latest trends. Negative/exclusionary screening (44.6 percent), ESG integration (32 percent) and sustainability-themed investing (13.4
Blue hydrogen is produced from natural gas, with carbon capture and storage (CCS) technology scooping up the resulting CO2. A cluster of powerful European governments says a hydrogen economy has to be fueled by renewables, not natural gas. The EU is aiming to be net-zero carbon across all sectors by 2050. Meanwhile, the U.K.
Sunny and breezy weather coupled with lower demand for power due to lockdown prompted negative electricity prices on Sunday. Demand is around 19GW, which is getting towards summer overnight levels (I think lowest Grid has coped with recently was 17GW). per cent to their lowest level since the 1800s.
With immediate government backing, this gas demand could be directly replaced with home-grown biomethane within the next four years. In fact, converting biomethane to green hydrogen can be net negative. The current industry produces enough bio-CO2 to meet the UK’s entire industrial demand.”.
The use of so-called “negative emissions technologies” to enhance carbon sequestration and storage in the ocean is increasingly being discussed. This process, also known as alkalinization, harnesses chemical processes to alter the geochemistry of seawater and thereby increase the uptake of carbon dioxide from the atmosphere.
In 2021, how a company performs on all factors — including ESG factors — on a strategy executed within its rapidly shrinking carbon footprint, not just reporting data, should determine investment decisions. But reporting numbers is less important than the performance score. That decision for active equities may be to buy, hold or sell.
Energy-from-Waste (EfW) operator enfinium signed an agreement – on 19 March – with green technology company Hitachi Zosen Inova (HZI) to install the UK’s first carbon capture pilot plant at an EfW facility. The aims of the pilot is to demonstrate the use of carbon capture technology at EfW facilities.
A dispute between Russia and Saudi Arabia has sent a flood of cheap oil and gas into global markets just as the COVID-19 pandemic is stifling demand. By that same token, the current headwinds for oil companies could mean a negative impact on carbon-reduction measures that would also be considered by the industry as discretionary spending.
However, it is crucial that as we move from internal combustion engines to electric vehicles, we do not not risk disturbing our planet’s largest carbon sinks by giving the destructive deep-sea mining industry the green light and opening up a new frontier of industrial extraction, writes campaign organisation the Deep Sea Conservation Coalition.
We see customers demanding action on carbon emissions, investment firms structuring new green products and governments developing regulations to support the transition to a sustainable future. Mon, 03/08/2021 - 00:15. ESG issues continue to gain prominence, with climate change getting the most attention today.
government’s official climate change advisory body is calling for fast-tracking investment in early-stage hydrogen infrastructure, as well as prioritizing carbon capture and storage and EV charging infrastructure, as immediate responses to the coronavirus outbreak. ’s final energy demand by 2050. billion) a year.
A group of leading academics, campaigners, and executives have this week issued a renewed call for governments to accelerate efforts to scale up the deployment of Nature-Based Solutions capable of simultaneously reducing carbon emissions and restoring natural habitats.
Scope 3 emissions can account for over 70% of many businesses’ carbon footprint, which means that organisations – and the world – cannot reach net-zero without taking huge strides to reduce their indirect emissions. Enabling solutions: Shrinking your digital carbon footprint. What’s next?
Non-profit organisation’s report describes actions that would gear the buildings and construction sector towards a net zero future, through elimination of embodied carbon emissions. WorldGBC’s vision to fully decarbonise the sector requires eliminating both operational and embodied carbon emissions.
The government confirmed £77m of new funding is to be made available to support the development of next generation nuclear reactors, alongside £25m for projects to produce hydrogen using sustainable biomass and waste that could deliver negativecarbon emissions.
White hydrogen offers a naturally occurring, carbon-free energy source waiting to be extracted, unlike green or gray hydrogen, which require energy-intensive production methods. This region could also support carbon-negative hydrogen production by combining hydrogen extraction with carbon sequestration.
Environmental Audit Committee writes to government slamming decision to axe grant scheme and urging Ministers to deliver replacement. The EAC report had explicitly advised that the scheme should "not to be scrapped or quietly wound down" - a recommendation that was unceremoniously rejected by the government. "In
This venture underscores Microsoft’s commitment to reducing carbon emissions in the tech industry, supporting its broader ambition to become carbon-negative by 2030. The Growing Demand for Greener Data Centers Data centers are notorious for their substantial energy consumption.
Many cleantech innovations are now market ready for major-scale application, with improved government funding providing the boost needed to support their commercialisation. Put simply, the term ‘cleantech’ describes a product that aims to reduce or mitigate negative environmental impact. Electrified cement. Hydrogen as a fuel source.
has called on the German government to intervene to keep down the costs of renewable electricity and “fast-track” the energy transition. Johannes Teyssen said the government needs to cap the tariff added to customer bills to pay for the country’s renewable support schemes, known as the "EEG levy."
Firm announces new wood pellet production and sales targets as it confirms intention to build global fleet of bioenergy and carbon capture and storage plants. Green groups have repeatedly urged governments around the world to strip biomass of subsidies and its 'renewable' status.
The authors of the report also showed that carbon emissions fell by 16% compared to figures from 2019. Covid19 created a fall in generation demand. Naturally, energy demand declined as office blocks fell dark and leisure activities were suspended, but these latest Drax figures indicate something else. The broader picture.
But Imperial College London analysis warns emerging technologies and negative emission power plants are likely to be needed to unlock full decarbonisation of the grid. per cent as more plants shuttered last year in preparation for the government's proposed 2024 coal power phase-out deadline. per cent.
“The primary route to market for [renewables] is through government auctions. government to find space for energy storage as part of hybrid projects, rather than as standalone assets with the additional costs that would bring. ” Hybrid projects look for a place in auction systems. These have become an important part of U.S.
The latest edition of National Grid ESO's Future Energy Scenarios (FES) 2021 predicts there are a number of ways that power generation in Britain could become emissions net negative by 2034 helping to put the UK on track to become a net zero emission economy by mid-century. Both of these scenarios would meet the UK's Sixth Carbon Budget.
Independent research published on 20 May by the charitable group greenspace scotland appears to reveal how the rivers flowing through the country’s towns and cities and the greenspaces between buildings can act as vital low carbon heat sources to help it achieve its climate targets. That is the carbon saving equivalent of taking 1.7
The campaigners’ analysis shows carbon emissions from vans in the UK have risen 63 percent since 1990, threatening climate targets despite the growing push for electric vehicle (EV) adoption. Carbon emissions from private cars and taxis have decreased by 19 percent over the same period.
The first has to do with the carbon budget — the amount of carbon that can be emitted before the planet warms more than 1.5 The paper uses a carbon budget of 580 billion metric tons, an amount that is estimated to give only a 50 percent chance of stabilizing the global climate at 1.5 degrees C above preindustrial temperatures.
A new organisation has been formed to connect and mobilise companies engaged in the nascent direct air capture (DAC) sector and build public support for technologies that directly remove carbon dioxide from the air. However, the DAC Coalition this week impressed the need to scale the technology to keep to the 1.5C
But discussions of natural gas’ negative aspects — namely excessive, typically underreported methane emissions that are considerably worse for the climate than carbon emissions — did not take place. Renewable carbon gases is a euphemism for biomass and hydrogen, among others.
Oxfam warns many net zero goals rely too heavily on forestation to offset carbon emissions, providing a potential threat to agricultural land. Too many companies and governments are hiding behind the smokescreen of net zero to continue dirty business-as-usual activities," he said.
We have limited time to move from a system where around 80 per cent of our primary energy supply comes from fossil fuels, to one where low-carbon technologies dominate. This won't be possible without a set of targeted changes to how we govern the energy system. Today's governance confusion: overlap and underl ap.
Fresh analysis warns plans for UK's largest BECCS facility in North Yorkshire could prove more expensive for billpayers than Hinkley Point C, but developer Drax rejects calculations and insists carbon capture technology is likely to prove a crucial component of the net zero transition.
Thanks to generous feed-in tariffs and other incentives, Germany’s wind and solar installations have soared over the past two decades to the point that renewables could cover half of the country’s electricity demand. Power-to-gas involves using excess renewable power to manufacture carbon-neutral synthetic methane.
Carbon capture, utilization, and storage (CCUS) technologies are being adopted too slowly to achieve even the IPCC’s 2.0° But CCUS adoption needs to grow 120 times by 2050 for the world to meet its existing net-zero commitments, at a cost of $130 billion per year – more than governments are willing or able to afford alone.
Labour’s energy spokesperson has said he stands “completely” with biomass giant Drax, despite admitting that its use of wood pellets in its North Yorkshire power station is not carbon neutral. The speakers at the panel event, “How Can the UK Build a Zero Carbon, Lower Cost Energy Future?” Completely With Them’.
New government funding for domestic biomass projects “pales in significance” to the subsidies received by the controversial biomass company Drax, whose North Yorkshire power plant is the UK’s single biggest source of emissions, campaigners have said. Carbon Capture. billion in government subsidy.
Influential analyst firm argues prices for carbon offsets could reach as high as $120 a ton by 2050, or as low as $47 a ton. That is the conclusion of a new report this week from influential research firm BloombergNEF, which details how carbon offset prices could reach as high as $120/ton or as low as $47/ton by 2050.
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