Tag: greenhouse gas
Stronger Than Steel? – Hemp Rebar Could Start an Eco-Friendly Movement in Building Materials
Studies at Rensselaer Polytechnic and other reputable institutions point out that hemp could be a perfect replacement for steel. These scientists claim these plants are phenomenal crops meant to be mass-cultivated on industrial scales to produce dozens of products. For example, the various car parts produced from steel or plastic can be alternatively made from hemp. And hemp is a much stronger and more durable raw material than steel and plastic. Yes, hemp is stronger than both materials and products derived from the crop that have long-lasting lifespans.
Op-ed | Space Debris Management is even more urgent than Space Traffic Management
STM alone is insufficient to guarantee safe space operations. Space Debris Management (SDM) — the mitigation and remediation of space debris, including fragments and massive derelict objects — must be pursued with even more urgency than STM.
The post Op-ed | Space Debris Management is even more urgent than Space Traffic Management appeared first on SpaceNews.
Mitsubishi Heavy Industries and Institut Teknologi Bandung Extend Collaboration to Drive Decarbonization in Indonesia
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The online signing ceremony took place on February 7, 2022 and was attended by the Ambassador of Indonesia to Japan, H.E. Heri Akhmadi; the Ambassador of Japan to Indonesia, H.E. Kenji Kanasugi; ITB Rector, Ms. Reini Wirahadikusumah; and MHI's Head of Energy Transition and Power Headquarters, Ken Kawai.
MHI's Head of Energy Transition and Power Headquarters Ken Kawai said, "MHI has been at the forefront of supporting Indonesia in its energy transition for nearly half a century. Through this continued partnership with ITB, we seek to develop clean energy solutions that will accelerate decarbonization in Indonesia. I am looking forward to a fruitful collaboration with ITB to achieve our mission net zero."
ITB Rector, Ms. Reini Wirahadikusumah added: "During the past two years, we have been collaborating with MHI to conduct advanced feasibility studies in clean energy, especially in financial and technical evaluation of ammonia and biomass co-firing. I am sure that these activities will benefit the Indonesian power industry. I hope that the extension of this MOU will create more ideas and useful recommendations for Indonesia's decarbonization journey."
A previous MOU between MHI and ITB(1) enabled joint feasibility studies on emerging energy sources such as hydrogen and ammonia, as well as air quality control systems (AQCS) and microgrid solutions. Since this MOU was signed in 2020, MHI and ITB also collaborated on training Indonesia's future engineers by conducting joint lectures on topics including big data analysis, biomass, integrated coal gasification combined cycle, hydrogen and AQCS.
This new MOU comes at a time when Indonesia is ramping up efforts to decarbonize its energy sector evident in its recent commitments to reduce its greenhouse gas emissions by 29% by 2030 and achieve 23% renewable energy use by 2025(2).
(1) https://power.mhi.com/news/20200130.html
(2) bit.ly/3BmvFTP
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries, Ltd. (MHI) has concluded a memorandum of understanding (MOU) with Indonesia's Institut Teknologi Bandung (ITB) to conduct joint research on clean energy solutions that will enable decarbonization in Indonesia.
Synergy Group’s Greentech Projects acquire International Standard Certificate, Energy emissions quantified exceeds 7,000 tonnes of CO2e
The Group Chairman and Chief Executive Officer Mr. Mansfield Wong commented, "It is a global uphill battle when it comes to reaching carbon neutral targets. Our goal is to reduce GHG emissions and strive to achieve carbon neutrality in the near future. The Group is actively formulating a commercial scheme to assist other companies in neutralizing their GHG emissions."
As of today, the Group has verified 7,146.74 tonnes of CO2e in total, which is estimated to be accounted for approximately 1% of the Group's total GHG emission inventory, the remaining inventories are being certified. Current carbon credit prices(5) are quoted by different international Carbon Credit Exchanges(5) ranging from RMB56 to EUR89 per tonne. The Group expects the global carbon credit prices(5)and market-based emission trading schemes continued to grow gradually as we are approaching the targets of Hong Kong's Climate Action Plan 2050(6), China's Carbon Dioxide Peaking 2030(7) and Carbon Neutrality 2060(7). Driving GHG emission is imminent action to curb global warming effects, the Group has set out its priorities for investing in carbon markets. The Group is committed to creating environmental sustainability through its experienced GHG emission management and green technological innovations.
Media enquiries:
New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai jenny.lai@newsmilehk.com
Jenny Cheung jenny.cheung@newsmilehk.com
Notes to editors:
1. Synergy Group Holdings International Limited ("Synergy Group" or "The Group")
Founded in 2008, Synergy Group Holdings International Limited (Stock code: 1539.HK), as the first Energy Service Company (ESCO) to be listed on the Hong Kong Stock Exchange, is one of the leading integrated energy saving and management solutions providers based in Hong Kong. The Group together with its subsidiaries, is principally engaged in design and customisation, investment, installation and commissioning, operation and maintenance of (i) energy efficiency technology; (ii) renewable energy; and (iii) energy storage and distributed energy resources. Serving clients in over 20 countries, businesses cover large multi-million projects in Malaysia, Indonesia and South Africa.
2. CMA Testing
Established since 1979, CMA Testing, a subsidiary of The Chinese Manufacturers' Association of Hong Kong, is a large-scale quality assurance center, specializes in testing, inspection and certification services. CMA Testing is also a third-party laboratory accredited by The Hong Kong Laboratory Accreditation Scheme (HOKLAS) and an inspection body accredited by The Hong Kong Inspection Agency Accreditation Scheme (HKIAS). CMA Testing's global footprint spans over 12 countries in Asia, Middle East, Europe and North America.
3. Carbon Dioxide Equivalent (CO2e)
CO2 refers to Carbon Dioxide, while CO2e stands for "Carbon Dioxide Equivalent" which includes CO2 and other greenhouse gases. For any quantity and type of greenhouse gas, CO2e signifies the amount of CO2 which would have the equivalent global warming impact.
4. ISO14064 Greenhouse Gas Calculation and Verification Management System
ISO14064-1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals
ISO14064-2: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements
ISO14064-3: Specification with guidance for the verification and validation of greenhouse gas statements
5. Carbon Credit Price Index
While Hong Kong is still exploring the feasibility to have a platform for carbon trading exchange, the Company has made references to other international exchange platform or publicly available sources for the current market prices:
As of Country/Region Product(Quote) Individual exchange/ publicly available sources for reference:
27/1/2021 China CEA(RMB56.00 per tonne) Exchange: Shanghai Environmental and Energy Exchange https://www.cneeex.com/c/2022-01-27/491999.shtml
27/1/2022 Europe EUA Futures - Jan 22(EUR89.00 per contract) Exchange: Intercontinental Exchange https://www.theice.com/products/197/EUA-Futures/data?marketId=6817108
27/1/2022 California, US CBL California Carbon Allowance Vintage-Specific 2021 Feb 22(USD29.59 per contract) Exchange: New York Mercantile Exchange
https://tinyurl.com/2p97hrrf
30/9/2021 Australia Australian Carbon Credit Units(AUD26.50 per certificate) Source: Clean Energy Regulator, Australian Government
https://tinyurl.com/bddbrmyv
6. Hong Kong's Climate Action Plan 2050
The Government today (October 8) announced Hong Kong's Climate Action Plan 2050, setting out the vision of "Zero-carbon Emissions.Liveable City.Sustainable Development", and outlining the strategies and targets for combating climate change and achieving carbon neutrality.
< https://www.info.gov.hk/gia/general/202110/08/P2021100800588.htm?fontSize=1 >
7. China's Carbon Dioxide Peaking 2030 and Carbon Neutrality 2060
The Communist Party of China Central Committee and the State Council on Oct 24 jointly released a document titled: Full Text: Working Guidance For Carbon Dioxide Peaking And Carbon Neutrality In Full And Faithful Implementation Of The New Development Philosophy ( www.gov.cn )
< https://tinyurl.com/yc59ycnb >
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSynergy Group Holdings International Limited, stock code 1539.HK ("Synergy Group" or "The Group")(1) has successfully acquired verification statements of Greenhouse Gas (GHG) emissions granted by CMA Testing and Certification Laboratories under CMA Industrial Development Foundation Limited (CMA Testing(2)).
Electrification of medium-and heavy-duty commercial trucks gain momentum with new policy updates, as predicated in IHS Markit’s 2021 Reinventing the Truck study
Electrification of medium-and heavy-duty commercial trucks gain momentum with new policy updates, as predicated in IHS Markit's 2021 Reinventing the Truck study
Greg Genette: IHS Markit
Advanced Clean Trucks, move beyond California
On November 17th, 2021 the state of Oregon became the second state to adopt the Advanced Clean Trucks (ACT) policy requiring medium-and heavy-duty truck (MHCV) manufactures to sell an increasing percentage of zero-emission trucks in their state. Just twelve days later and a few hundred miles north, on November 29th the state of Washington became the third state to join California, thus solidifying the west coast as leaders in the US MHCV electrification market. Moving east, late in 2021 Massachusetts, New Jersey and New York also announced they have formally adopted the rule. Over the last three months, five states have officially committed to a future of zero-emission MHCV's with their adoption of California's Advanced Clean Trucks rule. These states, including California, account for about 17% of all new US MHCV registrations. To understand the significance of these developments, let's look back to see how the industry got to this point.
In June 2020, California adopted an industry first rule that required truck manufactures to sell an increasing number of zero-emission trucks in their state, called Advanced Clean Trucks. One month later in July 2020, 15 other states and the District of Columbia announced a joint memorandum of understanding (MOU) to accelerate the market for zero-emission MHCV's. The states that joined the MOU represents almost one-third of new registrations in the United States which include, California, Connecticut, Colorado, Hawaii, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington. As we start a new year, the backdrop is now set for continued momentum towards electrification; the Biden Administration took office at the beginning of 2021 with a renewed focus on climate change, a wide-variety of targets and announcements have been made by industry players including truck manufactures pushing zero-emission technology and now individual states are taking matters into their own hands by requiring the electrification uptake to occur.
The IHS Markit perspective: what these developments could mean moving forward
The expectation that all MOU states will officially adopt a form of California's Advanced Clean Trucks is a forecast assumption that was firmly cemented into IHS Markit's 2021 Reinventing the Truck (RTT) study. RTT is a scenario based long-term report that includes sales forecasts for battery-electric and fuel-cell electric medium-duty and heavy-duty trucks. The signed MOU from individual states was an indication that the current administrations are likely to implement rules to reduce the carbon footprint of the transportation sector. In addition, the United States re-joining the Paris Climate Accord has laid the foundation to drive individual sectors such as trucking to implement policies to reduce greenhouse gas emissions. According to analysis done by IHS Markit, in 2020 trucking accounted for 42.2% of total road sector carbon emissions in the United States, highlighting the importance of decarbonizing this sector to achieve the Paris Climate targets. Regulations and policies with clear targets on zero-emission MHCV's are an important development that must not be overlooked. In the past, policies in the trucking industry regulated emission standards including CO2 as well as fuel efficiency. However, now with zero-emission sales targets, uptake of this new technology will not only be driven by cost reductions and advancements in technology but also with a strong push from the regulatory environment. As a result, truck OEMs as well as all industry players are under pressure to introduce new battery-electric and fuel-cell electric products if they want to compete in the new future of this market. Already, the industry is responding. For example, during a 2021 strategy day, market leader Daimler Trucks stated they would significantly reduce research and development (R&D) spending on internal combustion engines in favor of shifting a majority of R&D resources towards zero-emission technology by 2025. Overall, this industry is set to experience significant change over the next decade as the requirement to sell, deploy and use zero-emission MHCV's is now in place and appears to be attractive to states beyond only California. However, there are still questions looming as market conditions continue to change and the future is disrupted. Further detail on IHS 'Markit's view can be found in the updated 2021 Reinventing the Truck study, which aims to understand trucking's all new future.
About IHS Markit's 2021 Reinventing the Truck study
As described in this blog, major developments are happening that will have future impacts in the MHCV industry, not only in the United States but across the world in major markets such as Mainland China, Europe, and Japan. An increased focus on climate change, aggressive regulations, and technological innovation will fundamentally change the trucking industry. In RTT, IHS Markit has brought together supply chain, automotive, and energy experts to identify and address the major questions facing the industry. The IHS Markit 2021 Reinventing the Truck study provides an understanding of major upcoming changes in the trucking industry. Now in its fourth year, this study boasts all-new scenario storylines, with updated political, social, and economic assumptions. The Reinventing the Truck study will include excel data sets for truck sales, and fleet outlooks to 2050 in two scenarios. The power point Summary Report will provide detail on the policy, technology, and cost assumptions used in the sales and fleet modeling and in the total cost of ownership analysis.
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