What are the new policies and programs put forward to boost clean energy innovation?

Many nations have created new policies to assist the development of sustainable energy technologies in the last few years, particularly in the aftermath of Covid-19. Several countries announced significant public financing initiatives in 2021–2022, particularly for the development of hydrogen technology, CCUS, industrial decarbonization, energy storage, batteries, and electric vehicles (EVs). Direct grants, loans, loan guarantees, and tax credits are just a few of the … Continue reading What are the new policies and programs put forward to boost clean energy innovation?

Venture capital investment in clean energy starts ups

Entrepreneurs are frequently provided with cash for technology testing and creation through early-stage venture capital (VC). This is frequently a very excellent fit for technologies requiring less upfront money, and increasingly, according to our data for 2021, it is being directed into more “asset-heavy” technologies, such as those in aviation and heavy industries, reflecting growing investor confidence in clean energy. Energy technology start-ups raised USD … Continue reading Venture capital investment in clean energy starts ups

What important role Biofuels are playing?

After declining owing to the Covid-19 epidemic, biofuel demand rebounded to levels close to 2019 in 2021, reaching 4 EJ (159 200 million liters). Biofuels are especially important for decarbonizing transportation because they provide a low-carbon option for current technologies such as light-duty automobiles in the short term and heavy-duty trucks, ships, and airplanes with limited alternatives in the long run.  However, a significant increase … Continue reading What important role Biofuels are playing?

Why do we need Biorefineries?

Theoretically, bio-refineries might create a wide range of goods, including biopolymers, liquid biofuels, biogas, electricity, and hydrogen. Bio-refineries might become economically viable if they use the right feedstock and make use of production synergies. Energy carriers are often not one of the products produced by processing factories in the pulp and paper business or the food industry, which both create a variety of goods for … Continue reading Why do we need Biorefineries?

Is Biomass in demand?

The combustion of Biomass is a carbon-free process. The CO2 that is released after burning biomass was previously collected by the plants that were being burned. As per the report by IEA, in modern coal power plants, biomass co-firing is cost-effective with an efficiency of up to 45% for power generation. However, if we compare it to coal plants, the issues related to feedstock availability … Continue reading Is Biomass in demand?

Is bioenergy still an important resource today?

Bioenergy is a form of energy derived from biomass, the organic material found in plants. The photosynthesis process helps the plants absorb biomass that contains carbon. The energy produced by the use of biomass releases carbon during the combustion process, and it returns simply to the atmosphere. It results in modern bioenergy with near-zero-emission fuel. As per the IEA reports, the largest source of renewable … Continue reading Is bioenergy still an important resource today?

What is the situation with wind turbine manufacturers Siemens Gamesa and Vestas?

Due to their severe losses, Siemens Gamesa and Vestas had to lower their projections and are laying off thousands of employees. Siemens Gamesas CEO Jochen Eickholt, therefore, requested financial support from Brussels. “I would advise EU politicians to introduce similar support measures for the ailing wind power industry as the US does.” Under US President Joe Biden, the North American government is presently investing 260 billion … Continue reading What is the situation with wind turbine manufacturers Siemens Gamesa and Vestas?

What are Science based initiatives in achieving climate goals?

In order to align business climate objectives with the results of climate science, the non-profit effort Science Supported by the United Nations (UN) Based Targets (SBTi) by CDP, UN Global Compact, World Resources Institute, and WWF was created. “It is a question of defining scientifically well-founded targets for saving emissions related to the scenarios, Criteria, and recommendations for limiting global warming to 1.5°C are compatible.” … Continue reading What are Science based initiatives in achieving climate goals?

Where do the countries stand in CO2 neutrality?

As per the recent Dynata study on climate change sentiment. “Dynatas Global Consumer Trends: The Urgent Fight Against Climate Change” was launched on 28. September to 5 October 2021 in the USA, Canada, Great Britain, France, Spain, Germany, Netherlands, Italy, China, Japan, India, and Australia. The survey result of the Bitkom study “Climate effects of digitization”, was conducted by Accenture. It is the basis for a survey on climate … Continue reading Where do the countries stand in CO2 neutrality?