German hydrogen firm Thyssenkrupp Nucera has seen customer interest soar in the U.S. as a result of the Inflation Reduction Act (IRA) and may create local production capacity with Italy’s De Nora if the market takes off. Thyssenkrupp Nucera held talks about several potential green hydrogen projects “with very concrete timelines” during a trip to […]
Decarbonization
The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing field” between […]
With the alarming greenhouse gases concentrations in the atmosphere, the drive towards reducing carbon emissions has not been that serious. Technology and artificial intelligence have been employed heavily in trying to modify daily practices to become more environmentally friendly. The construction industry has been at the center of decarbonization endeavors with changes in building practices […]
The U.S. Energy Department launched a program on Thursday to fund four large-scale projects across the country that can remove carbon dioxide from the air, investing $3.5 billion in a nascent technology the Biden administration says is necessary to meet a goal of achieving net zero emissions by mid century. The agency released a formal […]
Many countries are setting their own targets to create a carbon pollution-free power sector, as in decarbonization, an essential element in countries’ goals to reduce emissions from 50 to 52 percent by 2030 to achieve net-zero emissions by 2050. In accordance, McKinsey’s research found that “early decarbonization of the power sector is a critical factor […]