Anmar Frangoul’s CNBC report on October 28, 2022 shares these details:
The plan seeks to slash CO2 emissions from new vans and passenger cars by 100% from 2021 levels and would constitute an effective ban on new diesel and gasoline vehicles of these types. The parliament said smaller automakers producing up to 10,000 new cars or 22,000 new vans could be granted a derogation, or exemption, until the end of 2035. Formal approval of the deal from the European Council and European Parliament is required before it takes effect.Anmar Frangoul | CNBC report | October 28, 2022
IN OTHER NEWS:
‘Is it foolish to hold onto my family’s beloved waterfront home?’
I have been paying around $5,000 per year for flood insurance, but I see this edging up each year. I fear a day will come after another bad hurricane when it starts becoming impossible to insure homes this close to the water. Dear Claude: As a first step, you’ll need to get a clear sense of the future climate-related risks to your property. You can do so by typing in a U.S. address at Risk Factor, a free tool created by the nonprofit First Street Foundation.
How sea level rise contributes to billions in extra damage during hurricanes
Had Hurricane Ian hit a century ago, when sea levels were about a foot lower, the storm probably would have caused billions less in storm surge damage, judging by the results from two studies looking at storm surge damage from 2012’s Hurricane Sandy in New York. Taken together, the study results suggest that rising seas left a huge portion of U.S. coastal infrastructure – much of it built during the 20th century – vulnerable to storm surges.
Energy loss is single biggest component of today’s electricity system
Traditional electricity generation has a thermodynamics problem: Burning fuel to generate electricity creates waste heat that siphons off most of the energy. By the time electricity reaches your outlet, around two-thirds of the original energy has been lost in the process. This is true only for “thermal generation” of electricity, which includes coal, natural gas, and nuclear power. Renewables like wind, solar, and hydroelectricity don’t need to convert heat into motion, so they don’t lose energy.
Greta Thunberg blasts attention-seeking COP27 leaders and says she’ll skip the ‘greenwashing’ climate summit
Thunberg has rallied against the U.K.’s weak action toward climate change, writing in a piece for The New Statesman that the U.K. “has a special responsibility to provide moral and political leadership on the climate crisis, as it is the country that initiated the industrial revolution—as a legacy polluter as well as a brutal colonizer.” The 19-year-old has also broken ranks with the Green Party in Germany, by urging the country to continue the use of nuclear energy. “I personally think it’s a bad idea [to shut them down],” she told a German talk show.
Electric cars reach 18% of new car sales in California compared to 6% in the US
Of course, that sounds unimpressive when you compare it to a market like Norway, which is already at over 80%. But 18% is impressive in America. Electric vehicles account for roughly only 6% of new car sales in the whole of the country. That number would also be much lower without California since of the ~576,000 EVs sold in the US so far in 2022, over 250,000 were in California.
Chicago entrepreneur uses clean energy to create opportunities in disinvested communities
Since its establishment in 1916, the iconic South Side organization has provided advocacy and opportunity for environmental justice communities facing a two-sided dilemma — disinvestment on one hand, and disproportionate exposure to harmful pollution on the other. Burton established his company, AMB Renewable Energy, Inc, in 2019 to address both. One of the company’s most recent projects has been to install solar panels and electric vehicle charging stations in the Urban League parking lot.
Neste to Supply the Air France-KLM Group with Over 1 Million Tons of SAF
Neste MY Sustainable Aviation Fuel is an available solution today. As a drop-in fuel it can be used with existing aircraft engines and airport fuel infrastructure, requiring no new investment. Neste MY SAF is produced from 100% sustainably-sourced, renewable waste and residue raw materials, such as used cooking oil and animal fat waste.
Kraken to control heat pumps and other energy tech to reduce bills for Belgian households
Noven will test the Kraken platform to control heat pumps, solar panels, EV chargers and smart meters to automatically reduce consumption and ensure customers avoid the costly peak charges. Following a number of successful flexibility trials like this in the UK, which saw over 100,000 consumers willingly reduce usage in return for savings, Kraken and Noven are hoping to expand the project and bring down grid costs and energy bills for everyone in Belgium.
OPEC forecasts fossil fuel surge through midcentury
With global oil demand projected to increase from almost 97 million barrels a day in 2021 to around 110 million barrels a day in 2045, the global petroleum sector will require a cumulative investment of $12.1 trillion, the cartel forecasted in its 2022 World Oil Outlook. Alongside those economic and population surges, the report forecasts that global energy demand will increase by 23 percent. Fossil fuels are collectively expected to make up a 69.6 percent share of the energy mix by that time, down from 80.2 percent today.
How the solar industry should adjust to growing residential energy independence
With the IRA, homeowners can subtract the cost of installing solar heating, electricity management technology and other green home products from their federal taxes. The 30% solar tax credit, which will last for a decade, is among a number of corresponding incentives, like credits for high-efficiency appliances and EVs. Older homes can especially benefit by upgrading to a smart energy panel.