CCS and electrification will decarbonize the key chemicals used across industry New York and Munich : Petrochemicals could be made with almost no carbon emissions by investing an extra $759 billion by 2050, according to a new report from research firm BloombergNEF (BNEF). Electrification and carbon capture and storage are likely to play a central […]
U.S National Grid announces plan to decarbonize by 2050 – EQ Mag Pro
Hybrid pathway for achieving net zero future to deliver affordable, reliable fossil-free heat through distribution networks, coupled with energy efficiency, hybrid heating systems, and targeted electrification and geothermal. Gas and electric networks to be fossil-free by 2050, critical milestones along the way WALTHAM, Mass. and BROOKLYN, N.Y. :- Today, National Grid has launched a path […]
Exxon sees carbon capture market at $4 trillion by 2050 – EQ Mag Pro
HOUSTON : Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday. That is about 60% of the $6.5 trillion market the U.S. largest crude producer estimates for oil and gas by then. Carbon capture is […]
Energy transition to create 3.2 million jobs by 2050, says Bhagwanth Khuba – EQ Mag Pro
The minister of state for new & renewable energy was speaking at a curtain raiser event for the third edition of Hybrid Conference & Digital Exhibition on ‘Aatmanirbhar Bharat – Making India a Global Manufacturing Hub for Renewable Energy’ organised by industry body CII. The Indian economy has not been able to generate enough jobs […]
France to target at least 100GW of deployed solar by 2050, Macron says – EQ Mag Pro
France will aim to have more than 100GW of installed solar PV capacity by 2050, President Emmanuel Macron announced on Thursday as part of a new energy strategy that will see the country double down on building new nuclear plants. The planned renewable expansion, which also includes a target of having 40GW of offshore wind […]
Energy Storage to 2050: how it can support the grid 24/7 all year long – EQ Mag Pro
NREL is modelling grids with rising amounts of storage that captures excess wind and solar power to deliver it back during peak times. Storage capacity starts at around 10GW today and rises to hundreds by 2050. A range of increasingly complex system configurations and grid mixes are studied. The storage can gradually replace thermal peakers […]
McDonald’s targets net zero emissions by 2050, from meat to energy – EQ Mag Pro
The burger chain also said it was working with the nonprofit Science Based Targets initiative (SBTi) to revamp its existing climate change targets. NEW YORK: McDonald’s Corp on Monday set a new target to cut global greenhouse gas emissions to net zero by 2050, from the beef in its burgers to the light bulbs in […]
World’s largest miners pledge net zero carbon emissions by 2050 – EQ Mag Pro
Mining has a “decarbonisation challenge” because the sector has to reduce emissions while producing metals, such as nickel and copper, that are vital to a lower-carbon economy, said Konrad von Szczepanski, Managing Director and Partner at Boston Consulting Group. Direct and indirect emissions will be lowered by accelerating the use of renewable energy and reducing […]
First Solar Commits to Science-Based Emissions Targets, Net Zero Emissions By 2050
Action aligns emissions reduction targets with levels needed for global transition to net-zero economy. First Solar, Inc. today announced a commitment to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 20 percent by 2028, relative to its emissions in 2020. It has also committed to achieving net-zero emissions by 2050 […]
Getting on Track For Net-Zero By 2050 Will Require Rapid Scaling of Investment in the Energy Transition Over the Next Ten Years
BloombergNEF’s New Energy Outlook charts three distinct pathways for the world to reach climate neutrality by mid-century London and New York : Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), the latest edition of its […]