Commercial transport operators can take action now to decarbonize their fleets and start to lower their total cost of ownership. As global temperatures continue to rise, the clock is ticking on climate change.1 And with transport being the second-biggest industrial emitter of greenhouse gases, the same is true for internal-combustion engines (ICE). One reason is […]
Repurposing power stations for renewable thermal energy storage solutions – EQ Mag Pro
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $422,582 in funding for AGL Energy Limited (AGL) to investigate the viability of retrofitting the Torrens Island Power Station B in South Australia with thermal energy storage technology. The $1.01 million total feasibility study would investigate options to use grid […]
McKinsey supports global industry in driving decarbonization
At a B20 side event in Indonesia, “Technology and market innovation for decarbonization,” McKinsey’s Martin Santoso laid out the firm’s contributions. On 26 August, the B20 Trade and Investment Task Force, alongside the ICDX Group and the Ministry of Trade of Indonesia, held a side event that focused on the technology and market innovation required […]
Decarbonization: The new frontier for investment and innovation
McKinsey’s recent conversations with Dr. Andrew Steer, president and CEO at the Bezos Earth Fund, and Dr. Jang Ping Thia, lead economist at the Asian Infrastructure Investment Bank (AIIB) respectively, illuminated the importance of collaboration and the sharing of a collective vision in achieving decarbonization. Mindset, industry collaboration, and communication are key to moving Asia […]
JAPAN’S AMMONIA-COAL CO-FIRING STRATEGY A COSTLY APPROACH TO DECARBONIZATION, RENEWABLES PRESENT MORE ECONOMIC ALTERNATIVE – EQ Mag Pro
Clean ammonia is better suited for the decarbonization of other applications such as fertilizer production Tokyo : Japanese utilities are exploring the case for retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. However, ammonia-coal co-firing is unlikely to become an economically viable path for Japan […]
Building decarbonization: How electric heat pumps could help reduce emissions today and going forward – EQ Mag Pro
The electrification of heating systems could play a significant role in the transition to net zero—and heat pumps are emerging as a solution. Buildings are a significant contributor of carbon emissions. As the broader economy transitions to net zero, various stakeholders are pushing for building decarbonization—whether it’s real-estate investors who have made net-zero commitments, policy […]
US, Germany propose India-G7 partnership for decarbonization – EQ Mag Pro
The United States and Germany have proposed to establish an India-G7 partnership on behalf of the G7, to help India transition from a “fossil-based economy to a carbon-neutral economy”. The two countries are keen to announce the partnership at the G7 summit, where India has been invited later this month. Sources said the idea is […]
Shell Fleet Solutions to drive fleet decarbonization with new Accelerate to Zero program – EQ Mag Pro
Combining consultancy, innovative mobility solutions and deep industry knowledge this new programme will support fleets to build a net-zero emissions journey and ultimately be more successful. Today, Shell Fleet Solutions has formally launched its Accelerate to Zero programme, to support fleets in meeting their sustainability targets. It brings together a mix of solutions Shell has […]
Poland: PKN Orlen receives EIB €180m loan to support its decarbonization plans – EQ Mag Pro
Research and development center to scale up activities around renewable chemicals and biofuel technologies All financed projects to help PKN Orlen on its path to energy transformation and emissions reduction The European Investment Bank (EIB) and the Polish oil refining, energy and petrochemical company PKN Orlen signed today in Warsaw a €180 million loan agreement […]
‘The role of green hydrogen in achieving a climate-compatible future – is there one? – EQ Mag Pro
The growing clamour around renewable H2 ignores some harsh realities that will limit its role in the energy transition — not least the laws of physics, writes Andreas Biermann Green hydrogen is being heavily promoted by some quarters of the energy world, with some saying it is the only way to achieve deep decarbonization in […]
