Goldman says carbon net zero shift will likely boost inflation

The global push to achieve net zero carbon emissions will likely result in a meaningful boost to inflation, according to analysts at Goldman Sachs Group Inc.    Based on the assumption that carbon taxes would rise to $100 a ton by 2030, the analysts led by Jan Hatzius calculated the likely rise in prices in

Clean energy initiatives to decarbonise the economy

Technology has contributed towards the country’s economic development, but now it’s important to leverage tech solutions to make the future green, sustainable and habitable. Strategic measures for mitigating climate change, shared mobility, and better usage of water and electricity can help make this a reality. Organisations are chalking out newer technologies and innovative approaches to

GAIL, IPICOL ink mou for developing clean energy projects in Odisha

IPICOL and GAIL (India) Limited signed a Memorandum of Understanding (MoU) for cooperation in the areas of Green Hydrogen, Green Ammonia and Renewable Energy (Solar / Wind) for the production of eco-friendly fuels in Odisha. Scope of the MoU inter-alia incorporates preparing a feasibility study for setting up proposed plants. MoU also emphasizes promoting the

European Energy to build e-methanol and hydrogen bunker fuel plant

The Port of Hanstholm said it has taken the first step towards becoming Europe’s first CO2-neutral fishing port through a declaration of intent with Danish renewable energy developer European Energy. In addition to solar and wind energy plants, the company also wants to establish a Power-to-X plant for the production of e-methanol and hydrogen at

US became world’s top LNG exporter

The US became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere Energy

Are emissions levels getting higher or lower?

Six years ago, world leaders from over 190 nations around the globe gathered in Paris to try and prevent the most catastrophic consequences of climate change. Their aim was simple: to agree to take concerted measures to limit global warming to a ceiling of 1.5°C compared to temperatures prior to the Industrial Revolution. It would

Ethanol industry poised to play major role in net-zero emissions

After a couple of years of more downs than ups, there’s optimistic news on the ethanol front looking toward 2022 and beyond. Geoff Cooper, Renewable Fuels Association president and CEO, sees opportunities for the industry in a net-zero carbon emissions future, as well as the Environmental Protection Agency’s proposal to return the Renewable Fuels Standard

Portland-area buses now fuelled with renewable diesel

All TriMet buses running on routes throughout the tri-county Portland metro area located in Oregon, USA, are powered by a much cleaner-burning fuel – renewable diesel. TriMet is using a blend of 99 per cent renewable diesel and 1 per cent petroleum. The change in fuels will reduce the carbon dioxide equivalent emissions coming from

Chart awarded $120m worth of hydrogen and small-scale LNG liquefaction orders

2021 ended on a positive note for cryogenic equipment manufacturer Chart Industries which celebrated four hydrogen and small-scale LNG liquefaction orders totalling over $120m. Within the four orders was a 15-tonnes-per-day hydrogen liquefier to be built in North America, marking the company’s fourth hydrogen/helium liquefaction order for last year. Further to that 60,000 tonne bioLNG

Environment panel meet to approve ethanol plants

The expert appraisal committee of the ministry of environment, forest and climate change (MoEFCC) will consider a dozen applications on January 6-7 from companies to set up grain-based ethanol distillery units across India. The interest to set up fresh units for ethanol production comes at a time when the government is going all out to