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2020: Fossilfuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossilfuels. COVID-19 constricted commuting, and demand for refined oil products fell fast.
Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Clean hydrogen could cut greenhouse gas emissions from fossilfuel by up to 34 percent, reported Bloomberg New Energy Finance. . Arlene Karidis. Wed, 07/15/2020 - 01:00.
to scrub fossilfuels from cleaning products. billion over the next 10 years into initiatives that will allow it to replace chemicals in its cleaning products made from fossilfuel feedstocks with greener alternatives — an investment it described as critical to meeting its aim of achieving net-zero emissions from its products by 2039.
The UKs ambitious target to increase electric vehicle (EV) sales to 80% of all new car purchases by 2030 could result in them accounting for up to 5% of total power demand, according to energy analysts at Montel, though there are concerns whether capacity buildout will be adequate. The total increase in demand from EVs could add 17.12
Morgan Stanley will measure CO2 impact of loans and investments. bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Finance & Investing.
Paul Marshall is the chairman and chief investment officer of Marshall Wace, a London-based hedge fund that he co-founded in 1997. Marshall Wace is now one of the world’s largest hedge funds – an investment vehicle that bets on rising and falling share prices – with around $63 billion (£51.9 billion) in fossilfuel firms.
This event is more than a celebration of sport it is a global stage where the country can either reinforce its role as Europe’s biggest fossilfuel producer or rise to the occasion and lead a just transition away from oil, gas and goal production. This is not climate leadership. It is greenwashing. And it must stop.
But with global demand on the rise, how do we speed up the process of reducing emissions? Here are three key logistics and transport areas where the UK should be ramping up investment in hydrogen in 2025. Hydrogen fuel cells are the perfect solution for longer-haul trucks which dont go back to a depot overnight to charge.
The commissioners cited multiple complementary benefits as justification for the decision: greenhouse gas emissions reductions, the ability to soak up surplus renewable electricity, and grid demand flexibility. NRDC’s Delforge said the SGIP HPWH incentive program is expected to be online by the end of 2020. A view from the field.
The key solutions today are biofuels, only displacing a mere fraction of fossilfuels-based jet fuel, and offsets. This isn't Amazon's first investment in biofuels. Last year, Neste delivered its first batch of sustainable aviation fuel via pipeline for airlines refueling at San Francisco International Airport to use.
The push to quickly transition carbon-intensive activities away from fossilfuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. And the era of fossilfuels is hardly over. Subscribe here.
The energy transition continues to gain steam, with oil demand projected to peak in this decade, perhaps as soon as 2025, according to new research by global consultancy firm McKinsey & Company. Every year we’ve published this report, peak oil demand has moved closer. C by 2100, and reaching a 1.5°C
In fact, some predictions expect investing will into low-CO2 power be nearly twice that in fossilfuel Worldwide spending on clean energy infrastructure and tech is currently aligned to reach $2 trillion by the close of this year, even as new projects face challenges due to higher financing costs. ”
Anthoni Salims Strategic Investment The development of this groundbreaking facility ties back to the vision and investments of Anthoni Salim, Indonesia’s influential billionaire. At the core of the plants design is the capability to burn hydrogena fuel source hailed for its low to zero carbon emissions. GW by 2030.
primary energy demand, according to the Department of Energy. At many of these facilities, fossilfuels, and especially natural gas, are the energy feedstock used for process heating applications. But what if the sun’s energy could take over the job much of the time and displace fossilfuels? in Lemoore.
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. More than just meeting demand, however, is the need to address the environmental impact of AIs growth.
Major fossilfuel firms have committed tens of millions in finance to UK universities since 2022, DeSmog can reveal. Previous reporting from openDemocracy and the Guardian found that, between 2017 and December 2021, £89 million had been given to UK universities from some of the world’s biggest fossilfuel companies.
The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossilfuels and tobacco — but steer funds towards those companies anyway. WisdomTree did not respond to a request for comment from DeSmog. WisdomTree is hardly alone.
Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’ Countries and companies planning to expand their fossilfuel production are taking “very unhealthy and unwise economic risks” as their investments may not be profitable, the world’s foremost energy adviser has warned.
The company has highlighted growing demand for green hydrogen, particularly in industrial applications and heavy transport, as a basis for its strategic shift. Hydrogen, which is seen as a versatile energy carrier with broad applications, has drawn substantial investment worldwide as industries seek to meet stringent climate targets.
The UK government’s move to award £22 billion in subsidies to carbon capture projects followed a sharp increase in lobbying by the fossilfuel industry, DeSmog can reveal. Others engaging regularly with ministers on CCS policy include heavy manufacturing companies, CCS technology firms, lobby groups, and investment funds.
We can stop investing in businesses that harm the planet and the people that inhabit it. Divestment is a tactic in which an organization, such as an institution or individual, divests itself of stocks, bonds, or investment funds that are unethical or morally ambiguous. What Is Responsible Divestment?
Image Credit: JCB Advancements in Internal Combustion Hydrogen Engine Technology JCB has invested 100 million into the development of its hydrogen combustion engine over three years, involving 150 engineers in this ambitious project.
"Solar plus battery storage can provide value in two ways: first, energy reliability for customers during emergency power outages, and second, during non-emergencies, to help the grid balance demand and generation," said Dawn Weisz, chief executive of California utility MCE, during a breakout session at last week’s virtual VERGE 20 event. .
How These Companies Are Tackling Climate Change Using Green Hydrogen Green hydrogen is paving the way for a sustainable future, offering a clean and carbon-free alternative to fossilfuels. Green hydrogens potential to replace fossilfuels in transportation , manufacturing, and energy generation is immense.
Vic Shao, chief executive of charging infrastructure company Amply Power, highlighted that while fossil-fuel prices typically fluctuate about 25 percent per year, renewable energy prices can experience shocks of up to 400 percent in just one day. For large-scale fleet managers, this makes adopting ZEV solutions incredibly tricky. .
We are presented with a rare opportunity to invest in new innovations, rebuild our data and power infrastructures and supply chains to restore and strengthen the economy while healing the environment. The price of oil plunged below zero on some days, and customer demand remains at an all-time low. Back to normal is not an option.
Capturing heat that would otherwise dissipate into the environment offers an opportunity to boost industrial efficiency, reduce reliance on fossilfuels, and advance the global transition to net-zero carbon emissions by mid-century. Importantly, heat capture complements renewable energy systems.
Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. A key route to industrial emissions reductions is electrification (replacing industrial fossilfuels with electric alternatives). greenhouse gas emissions come from industry. Start with heat.
This activity is partly the result of a $140 million investment Plenty announced last year , just one of a slew of similar deals in the indoor ag sector. Consumer demand is fuelinginvestment in CEA," Ceaser explained by email. The facility will supply 100 grocery stores when production begins later this year.
Three-quarters of prizes at the UK’s top sustainable advertising awards went to agencies who work for the fossilfuel industry, a DeSmog analysis has revealed. billion investment in the UK’s green energy transition. Both agencies are owned by the London-based global media group WPP. Credit: Sam Whitham.
Because industrial companies recognize it will be cheaper to run processes on electricity by 2030, many are starting to make their first investments in demonstration plants and technology to electrify. Governments are the biggest buyers of commodities in the world and, as such, they send powerful demand signals. The policy levers.
However, the project’s progress remains contingent upon a final investment decision (FID) due in 2025, as well as requisite regulatory permits and supportive government policy. By incorporating this technology, ExxonMobil plans to create a diverse hydrogen supply mix to cater to varying market demands along the Gulf Coast.
Exclusive: Sultan Al Jaber says Adnoc has to meet demand for fossilfuels, and hails ‘unprecedented’ Cop deal The president of the Cop28 climate summit will continue with his oil company’s record investment in oil and gas production , despite coordinating a global deal to “transition away” from fossilfuels.
No fossilfuels, no problem? Texas investments in wind and solar pay off, generating record-breaking renewable power to meet all-time high electricity demand during nearly 10-day heat dome—despite fossilfuel plant failures.
We can invest in a resilient and inclusive economy that builds jobs, infrastructure, growth and stability for the long term. Turning taxpayer dollars into stranded fossilfuel assets is no way to fuel a real economic recovery. Through our actions to tackle one crisis, we can avert another. More companies are speaking up.
More than 100 billion tons of resources enter the economy every year — everything from metals, minerals and fossilfuels to organic materials from plants and animals. Each year, huge quantities of fossilfuels are used to produce clothes from synthetic fibers each year. 5 opportunities of a circular economy.
In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the power grid, surpassing fossilfuels.
Developed by Guohua Energy Investment Co., a subsidiary of China Energy Investment Group (CHN Energy), this large-scale renewable energy park has now commenced operations, linking to the grid on December 31, 2024. Operated by CHN Energys Guohua Energy Investment Co., The hydrogen is then stored or used for refueling.
Revolutionizing Hydrogen Vehicles with Swappable Hydrogen Cartridges Hydrogen-powered vehicles have long been recognized as a sustainable alternative to fossilfuel cars. Supports broader adoption of hydrogen mobility by reducing the investment needed for infrastructure.
Announcing a joint investment of 600 million (approximately USD 627 million), the companies aim to develop two large-scale green hydrogen projects in the Netherlands. For TotalEnergies, the investment aligns with its larger goal of decarbonizing the hydrogen used across its European refineries by 2030.
Balancing electricity load demand , especially as intermittent renewable energy sources like wind and solar require grid adaptations. Renewable energy, while clean and sustainable, often incurs higher grid fees because significant investment is needed to integrate it into traditional grids developed for fossilfuels.
In the early months of COVID-19, for example, electricity demand dropped , as many businesses closed and factories either halted or drastically scaled back their operations. While electricity demand has faltered during the global pandemic, the share of wind and solar generation has continued to increase. In the U.S.,
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