Energy Transition

SAF refinery

Qantas and Airbus invest in Australian biofuel refinery to boost sustainable aviation fuel

Australian airline Qantas Airways Ltd and aircraft manufacturer Airbus SE have announced a joint investment of A$2 million ($1.34 million) to construct a biofuel refinery in Queensland, Australia. The proposed refinery, developed in collaboration with Jet Zero Australia and SAF technology company LanzaJet, will convert agricultural by-products into sustainable aviation fuel (SAF) with the capacity …

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A UN-led scheme seeks to cap airline emissions

European aviation industry’s race to produce green fuel (SAF)

The aviation industry is under intense pressure to reduce its carbon footprint and transition to sustainable aviation fuel (SAF). The European Union (EU) has set ambitious targets of using sustainable aviation fuel for 10% of all jet fuel by 2030. However, despite the urgency, the production and adoption of SAF in Europe have been slow. …

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CO2-emitting cars

EU approves 2035 phaseout of CO2-emitting cars with e-fuel exemption

European Union (EU) countries have granted their definitive endorsement to a groundbreaking law prohibiting the sale of new CO2-emitting cars by 2035. The approval of this law by EU energy ministers represents the commencement of Europe’s primary climate policy concerning automobiles. Under the new legislation, all newly manufactured cars sold in the EU must have …

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Francesco La Camera, IRENA chief

IRENA: Meeting climate targets through quadrupled investments in renewable energy technologies

The International Renewable Energy Agency (IRENA) has recently released a report calling for global renewable energy investments i.e. investment in energy transition technologies will quadruple annually to meet the Paris climate agreement’s commitments. The report emphasizes the need for more investment in renewables, and its findings suggest that a record $1.3 trillion investment in renewables, …

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Nord Stream infrastructure

Denmark invites Nord Stream 2 operator to help salvage unidentified object in Baltic Sea

Denmark has invited the operator of the Nord Stream 2 pipeline, Nord Stream 2 AG, to help salvage an unidentified object that was discovered close to the only remaining intact gas pipeline in the Baltic Sea. The pipeline is responsible for delivering Russian gas to Germany. This invitation is aimed at further clarifying the nature …

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EVs vs diesel

Comparison EVs vs diesel cars: What’s more cost-effective?

It seems that when it’s about EVs vs diesel cars, the later are losing the race. Electric vehicles (EVs) have been gaining popularity over the years as people look for more sustainable and environmentally friendly modes of transportation. People are familiar with diesel cars’ costs of maintenance and driving. However, EVs are still new, and …

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svb

Investments in green projects hit by the turbulence in the financial markets after the collapse of SVB

The big shocks after the collapse of the Silicon Valley Bank SVB caused fear, panic, and complete reserve in the financial markets. Although it was assumed that the bank’s failure would have a limited impact, the opposite nearly proved to be the case. The unthinkable also happened. One of the largest banks from the homeland …

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renewable diesel

Phillips 66’s Rodeo Renewed biofuels project: A test case for renewable diesel plants

Phillips 66’s Rodeo Renewed biofuels project promises to transform the oldest refining town in the American West, where the oil giant will replace crude oil processing with a massive renewable diesel plant. This initiative is part of a global trend that includes plans for dozens of new U.S. renewable diesel plants that are expected to …

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Traffic jam

Euro 7 emission rules: Industry group says it will raise car prices

The European Union’s proposed Euro 7 emission rules have come under fire from the European Automobile Manufacturers’ Association (ACEA), which claims that the new regulations will bring about greater complexity and uncertainty to the auto industry. The industry lobby group further argues that the Euro 7 regulations will result in a significant rise in new …

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A UN-led scheme seeks to cap airline emissions

Global emissions caps expected to be triggered by rising airline emissions in 2024

According to a top airline trade group, global emissions-related requirements may be triggered as early as next year due to rising airline traffic. While the effectiveness of this approach is being debated, a United Nations-led scheme seeks to cap airline emissions from international flights at 85% of 2019 levels in the first phase of its …

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