Europe’s biggest banks led by HSBC, Barclays and BNP Paribas have provided £24bn to oil and gas companies that are expanding production less than a year since pledging to target net zero carbon emissions, data shows. Investments to drill new oil wells and tap fresh gas reserves, backed by funds from major banks, appear to
The vast majority of critical minerals and rare earth elements that help power electric vehicles and wind turbines come from mining operations overseas. But a new initiative spearheaded by the US Department of Energy is looking for ways to extract them from fossil fuel waste. The Energy Department plans to build the nation’s first large
Medical leaders have made a rare intervention in the climate change debate, calling on the UK government to halt new oil and gas exploration to avoid further damage to the nation’s health. The broadside is contained in a letter signed by institutions with a combined membership of more than 250,000, including the British Medical Association,
Swiss-based logistics giant Kuehne+Nagel has teamed up with Norwegian green fuel producer Aker Clean Hydrogen to include hydrogen, ammonia and methanol in its container shipping portfolio. With the first vessels with engines that can run on these fuel alternatives expected to hit the waters in 2024, the companies said will work together to help scale
Transportation is responsible for a larger share of greenhouse gas emissions than any other sector of the US economy, making biofuels a promising strategy to mitigate human-driven climate change. The US Renewable Fuel Standard, created by 2007 legislation, mandates that such fuels partially replace petroleum-based ones. So far, however, the mandate has been nearly entirely
India will replace use of diesel in farming with renewables by 2024 and, union power and renewable energy minister R K Singh said on Friday. He said the country targets to make the agriculture sector diesel- free in the next two years. He urged that all states should develop specific action plans to achieve the
Indian Scientists have developed a unique way to produce 99.99% pure hydrogen fuel from methanol-water mixture—which uses only one-third of the electricity required in water electrolysis. The Indian scientists developed a Polymer Electrolyte Membrane (PEM) to produce hydrogen at a low temperature of 25-60 degrees Celsius through the ECRM process. The hydrogen thus produced is
A successful and efficient transition to green energy requires an expanded IMO GHG Strategy. Container shipping and car carriers have joined forces in the World Shipping Council to call on the International Maritime Organization for swift and concrete regulation to accelerate the industry’s decarbonisation. 10 February 2022 Today, for the first time, an entire shipping
Two MAN 12V51/60DF engines ordered by Kawasaki Heavy Industries, Ltd. (KHI) in 2020 have entered service in Japan’s domestic power market. The engines are based at the Miyako Island power plant, owned and operated by the Okinawa Electric Power Company (OEPC). The engines will generate around 24 MW of electrical power for not only base-load,
The diesel big rig is starting to move into the carbon-free future: Electric semi trucks are already beginning to make deliveries around the country. But although they can work well for short trips—and Volvo’s newest electric semi will be able to travel up to 275 miles before charging—they still aren’t yet a viable alternative for