WASHINGTON : The U.S. Treasury said on Monday it will open applications on May 31 for $4 billion worth of new tax credits for advanced energy manufacturing and decarbonization projects, with $1.6 billion of those required to be in communities hit by closures of coal mines or coal-fired power plants. Treasury made the announcement as […]
Policy levers that can push decarbonization into overdrive – EQ Mag
Paris : Government measures to boost electric vehicle sales, the share of green ammonia in fertiliser, and public purchasing of plant proteins could help shift the decarbonisation of the global economy into high gear, researchers said Friday. Strategic support through regulation and subsidies in these three areas would have knock-on effects, accelerating the transition away […]
Fleet decarbonization: Operationalizing the transition – EQ Mag
Fleet operators are under pressure to transition to greener business models. A strategic approach can help ensure that they optimize costs and engage effectively with new technologies. Transportation is responsible for about 27 percent of US greenhouse-gas emissions, primarily from the burning of fossil fuels for cars, trucks, ships, trains, and planes. For fleet operators, […]
Getting to carbon-free commercial fleets – EQ Mag
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 […]