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Emirates is a heavyweight when it comes to East-West travel out of Dubai International Airport, the world's busiest for international travel. In March, the airline announced an order of up to 72 Boeing 787-9 Dreamliner jetliners and has further plans to expand. Other purchases Tuesday included:— Emirates announced $1.2 billion in deals with French firm Safran, including for seats. — Emirates announced plans for a $950 million maintenance facility at Al Maktoum International Airport, the city-state's second airfield. — Boeing and SCAT Airlines of Kazakhstan announced the airline would purchase seven Boeing 737 MAX aircraft.

Persons: —, Tim Clark's, FlyDubai, Clark, ” Clark, — Rafael, ”, they’ve, “, Mesfin Tasew, Safran, — EgyptAir Organizations: United Arab Emirates, Emirates, Airbus, Royce, Dubai Air, Boeing Co, Boeing, Ethiopian Airlines, Al Maktoum International Airport, Rolls Royce, Associated Press . Emirates, Dubai International Airport, Ben Gurion International, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Riyadh Air, Dubai, United Nations, Aviation, SAF, Ethiopian, Boeing MAX, MAX, — Emirates, Al, Airlines Locations: DUBAI, United Arab, Al Maktoum, East, West, Dubai, Israel, Gaza, Emirates, Tel Aviv, Riyadh, Saudi, Saudi Arabia, Sydney, Australia, Addis Ababa, Kazakhstan

☆ Duke Energy to build end-to-end green hydrogen system in Florida
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 27 (Reuters) - Electric utility Duke Energy (DUK.N) said on Friday it would build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. Green hydrogen, produced by splitting water through electrolysis using renewable energy, is expected to play a key role in decarbonizing various industries, including transport. Construction of the demonstration project in DeBary would begin later this year and could take about one year to complete, Duke said. The new system would begin with the existing 74.5-megawatt (MW) DeBary solar plant providing clean energy for two 1-MW electrolyzer units.

Persons: Brendan McDermid, Sargent, Lundy, Electric's, Duke, Arunima Kumar, Shilpi Majumdar Organizations: Duke Energy Corp, New York Stock Exchange, REUTERS, Electric, Duke Energy, Duke, GE, Thomson Locations: New York, U.S, Florida, DeBary, Bengaluru

☆ Green Steel Is Coming. Europe Is Leading the Charge Thanks to New Carbon Taxes.
▼ + stars: | 2023-10-26 | by ( Yusuf Khan | ) www.wsj.com time to read: +7 min

The need for conversion to low-carbon steel production is greater in Europe, where 57% of steel is produced in coal-fired blast furnaces. Swedish-based startup H2 Green Steel has signed deals to supply low-carbon steel to IKEA, Mercedes-Benz , BMW and Scania. Customers of H2 Green Steel have been willing to support the project based on their own green targets and their end-customers’ willingness to pay a green premium, he said. H2 Green Steel said it would charge a €150 premium, while Swedish steelmaker SSAB expects to charge double that. Research from the Rocky Mountain Institute suggests the IRA will encourage green steel investments that would, by 2030, produce about eight million tons of low-carbon steel, or nearly 10% of U.S. steel demand.

Persons: fabian strauch, ”, Colin Richardson, incentivizing, CBAM, Nicola Davidson, Davidson, Henrik Henriksson, Mikael Sjoberg, ” Henriksson, Gunnar Güthenke, SSAB, Europe ”, Simone Tagliapietra, Paul Lim, ” Lim, Yusuf Khan Organizations: Leadership Group, Industry, Argus Media, Rocky Mountain Institute, U.S ., Business, International Energy Agency, Investments, Steel, IKEA, Mercedes, Benz, BMW, Scania, H2, Bloomberg, Research, Europe, Bruegel, U.S Locations: Europe, U.S, Brussels, London, European, Lakes , Texas, Pacific, China, Asia

☆ This startup wants to make nature a balance sheet-grade asset. Check out the 19-slide pitch deck The Landbanking Group used to raise $11 million.
▼ + stars: | 2023-10-26 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A climate fintech startup that wants to make nature a balance sheet-grade asset has just raised $11 million in seed funding. The Landbanking Group, founded in 2022, has created a software platform for land owners and investors. These assets can then be sold on to the likes of investors or corporations set on decarbonizing their supply chains. But in compensation markets, "you need to do harm first, for you to have an incentive to actually engage with nature," Stuchtey said. From there, the startup is positioning itself as a depository bank where nature assets are held, exchanged, and settled.

Persons: Martin Stuchtey, Sonja Stuchtey, Stuchtey Organizations: McKinsey, Force, 4P Capital Locations: Munich

SummaryCompanies Shell to cut 200 jobs, or 15%, of low-carbon solutions unitA further 130 jobs under reviewShell scraps hydrogen light mobility unitLONDON, Oct 25 (Reuters) - Shell (SHEL.L) will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday. Shell plans to sharply scale back its hydrogen light mobility operations, which develop technologies for light passenger vehicles, the company said. It will also merge two of four general manager roles in the hydrogen business, Shell said. The retreat from the light mobility sector follows the departure of the business's manager Oliver Bishop several months ago. Bishop today leads rival BP's (BP.L) global hydrogen mobility business.

Persons: Wael Sawan's, Sawan, Shell, Oliver Bishop, BP's, London . Sawan, Ron Bousso, Jason Neely, Jan Harvey Organizations: Shell, Reuters, Solutions, Sawan, Energy Intelligence, BP, Exxon Mobil, Chevron, Thomson Locations: Shell, Britain, Netherlands, Europe's, Louisiana, London ., U.S

☆ Cambodia is focusing on decarbonizing its transportation sector, minister says
▼ + stars: | 2023-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCambodia is focusing on decarbonizing its transportation sector, minister saysKeo Rattanak, Cambodia's minister of mines and energy, discusses the steps the country is taking to achieve its net-zero targets.

Persons: Keo Rattanak Organizations: Cambodia

☆ AI, weight loss drugs and more: Portfolio manager names stocks to play 'new secular growth themes'
▼ + stars: | 2023-10-24 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

And then you overlay on top of that the emergence of two or three brand new secular growth themes," he said. CNBC Pro takes a look at the stocks he likes in three "brand new" areas of growth: obesity drugs, reshoring and artificial intelligence. Reshoring infrastructure Ayer sees bright spots in the reshoring theme too. The portfolio manager named tech giant Amazon as a good play of the AI wave. The way Ayer sees it, more companies in the U.S. are foraying into AI right now, compared to those in other parts of the world.

Persons: Sanjay Ayer, Ayer, He's bullish, —, Christina Cheddar Berk, Carmen Reinicke, Julie Coleman Organizations: CNBC Pro, WCM Investment Management, Equity Fund, Nordisk, Novo Nordisk, U.S . Food, Drug Administration, Tetra Tech, Canadian, Canadian Pacific, U.S Locations: U.S, China, Japan, India

☆ Navigator CO2 Ventures cancels carbon-capture pipeline project in Midwest
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +2 min

Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said on Friday, citing "unpredictable" state regulatory processes. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. In September, the company's permit application was denied by South Dakota regulators and this month the company asked Iowa regulators to pause its permit process. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota.

Persons: Joe Biden's, Jess Mazour Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit Locations: Gowrie , Iowa, U.S, Midwest, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota

It is also a blow to the ethanol industry, which sees CCS as key to cutting emissions from producing the fuel. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota. Summit recently said its pipeline will start operating in 2026, a delay from its initial timeline of 2024.

Persons: Joe Biden's, Jess Mazour, Leah Douglas, Richard Chang, Rod Nickel Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit, Thomson Locations: Windsor , Colorado, Midwest, U.S, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota

☆ 'No question' that the decarbonization of shipping will contribute to inflation, says industry CEO
▼ + stars: | 2023-10-18 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. "There will be an inflationary impact coming from [the] decarbonization of shipping … there is no question of it," Bertrand Chen, CEO of the Global Shipping Business Network, told CNBC's East Tech West conference in the Nansha district of Guangzhou, China. New European rules that effectively tax shipping lines for their emissions would push up costs, Chen added. The European Union's Emissions Trading System (ETS) is set to be extended to the shipping industry starting in January 2024, meaning that large ships entering EU ports will be charged for their carbon dioxide emissions. Chen described the EU initiative as "a natural action that will lead to some interesting effects."

Persons: Bertrand Chen, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU, ETS Locations: Nansha, Guangzhou, China, New

☆ These seven U.S. regions will receive $7 billion in federal funding to produce hydrogen
▼ + stars: | 2023-10-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

California Hydrogen Hub: The California Hydrogen Hub spans from Southern California to Northern California and encompasses three ports: Los Angeles, Long Beach and Oakland. Gulf State Hydrogen Hub: The Gulf State Hydrogen Hub will be centered in Houston, Texas, and will cover most of the Gulf Coast and southeast Texas. Mid-Atlantic Hydrogen Hub: The Mid-Atlantic Hydrogen Hub spans parts of Pennsylvania, Delaware and New Jersey and will take advantage of repurposed infrastructure along the Delaware River. Midwest Hydrogen Hub: The Midwest Hydrogen Hub is in Illinois, northwestern Indiana and southwestern Michigan and will produce hydrogen from, among other sources, nuclear power. Pacific Northwest Hydrogen Hub: The Pacific Northwest Hydrogen Hub encompasses eastern Washington, northeastern Oregon and some parts of Montana and will produce hydrogen for making fertilizer.

Persons: Joe Biden, U.S . Department of Energy Jennifer Granholm, Biden, It's Organizations: U.S . Department of Energy, White, Infrastructure Law, Hydrogen Locations: United States, West Virginia, Southeast Ohio, Pennsylvania, It's, California, Southern California, Northern California, Los Angeles, Long Beach, Oakland, Ports, Houston , Texas, Gulf, Texas . Texas, Minnesota, North Dakota, South Dakota, Delaware, New Jersey, Illinois, Indiana, Michigan, Pacific, Washington, Oregon, Montana

The White House calls clean hydrogen “essential to achieving the president’s vision of a strong clean energy economy" and net-zero greenhouse gas emissions in the U.S. by 2050. Some environmentalists call hydrogen a false solution because it frequently relies on natural gas or other fossil fuels as feedstocks. Among those selected were the Appalachian Regional Clean Hydrogen Hub, based in West Virginia, and the Philadelphia-based Mid-Atlantic Clean Hydrogen Hub. Other projects selected include the Alliance for Renewable Clean Hydrogen Energy Systems in California, which will produce hydrogen from renewable energy and biomass. Big fossil fuel companies, renewable energy developers and researchers in university and government labs are involved, too.

Persons: Biden, Joe Biden's, Marcellus, Sen, Joe Manchin, Perry Babb, Patty Murray, it’s, ”, Silas Grant, ___ Levy Organizations: WASHINGTON, White House, Energy, Energy Department, Democratic, Philadelphia, The, West Virginia Democrat, Partners, Alliance, Hydrogen Energy Systems, Heartland, Washington, Center for Biological Diversity Locations: Pennsylvania, California, Philadelphia, U.S, California , Washington , Minnesota , Texas , Pennsylvania, West Virginia, Illinois, The West Virginia, Pittsburgh, Virginia, Appalachia, ., Delaware , Pennsylvania, New Jersey, Houston, United States, Minnesota, Midwest, Illinois , Indiana, Michigan, Pacific Northwest, Washington, Pacific, Harrisburg , Pennsylvania

☆ Q&A With the Sustainability Chief of Oilfield-Services Firm SLB
▼ + stars: | 2023-10-05 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +9 min

The German native joined SLB, formerly known as Schlumberger , in 2021 as its chief strategy and sustainability officer. Katharina Beumelburg, chief strategy and sustainability officer of SLB. Beumelburg: This push toward lowering carbon emissions in the oil-and-gas industry is a major change. The other side is our transition technology portfolio that focuses on bringing the carbon emissions at our customers down. Carbon capture and storage is the obvious short-term solution to reduce carbon emissions, one where the technology is ready, where we know what to do.

Persons: Katharina Beumelburg, SLB, Beumelburg, SLB Beumelburg, Johan Rockström, Rochelle Toplensky Organizations: Sustainability, Siemens, SLB, Schlumberger, Pro, WSJ, Potsdam Institute, Business, Microsoft, Saudi Aramco, Linde, Rochelle, rochelle.toplensky@wsj.com Locations: Greenland, Paris, Texas, Europe, Australia, Japan, South Korea, Davos

☆ New England states join to buy offshore wind power as US industry struggles
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +3 min

By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore wind industry, which is expected to play a key part in decarbonizing the power sector and revitalizing domestic manufacturing. The three states will seek multi-state offshore wind proposals for selection in 2024 for up to 6,000 megawatts (MW) of power. “One year ago, Avangrid was the first offshore wind developer in the United States to make public the unprecedented economic headwinds facing the industry," Avangrid said in a release. Avangrid has said it planned to rebid the Park City project in future offshore wind solicitations. Those Massachusetts power companies include units of Eversource Energy (ES.N), National Grid (NG.L) and Unitil (UTL.N).

Persons: Brian Snyder, Maura Healey, Avangrid, France's, Scott DiSavino, Aurora Ellis Organizations: REUTERS, American, Offshore WINDPOWER Conference, Eversource Energy, Grid, Shell, Thomson Locations: Rhode, U.S, New England, Massachusetts, Rhode Island and Connecticut, Connecticut, Boston, Park City, United States, Park

☆ Goldman Sachs names 6 global stocks to play the energy transition — giving one over 90% upside
▼ + stars: | 2023-10-02 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs is bullish on the bioenergy sector, calling it the "largest source of renewable energy in the world." Specifically, the bank's analysts, led by Michele Della Vigna, foresee growth in the areas of renewable diesel, sustainable aviation fuel, and renewable natural gas. Stock picks Several global stocks are slated to benefit from this push toward sustainability and the transition to renewable energy, Goldman said. Among its top picks is Neste , which it describes as the "biggest renewable diesel and sustainable aviation fuel producer in the world." The company turns edible by-products and food waste into sustainable products and is the largest renewable diesel producer in North America.

Persons: Goldman Sachs, bioenergy, Michele Della Vigna, Goldman, —, — CNBC's Katrina Bishop Organizations: Renewable, Stock, ENI, U.S Locations: U.S, Italy, North America

Al-Jaber serves as the CEO of the state-run Abu Dhabi Oil Co., which has the capacity to pump 4 million barrels of crude oil a day and hopes to reach 5 million barrels a day. He also made the call to the annual Abu Dhabi International Petroleum Exhibition and Conference, which brings together the largest players in the oil and gas industries. And al-Jaber himself has repeatedly said the world must rely on oil and gas for the near-term to bridge that gap. Though all smiles at Monday's conference, al-Jaber has acknowledged the withering criticism he's faced. Iraqi and regional Kurdish government officials did not immediately acknowledge the pipeline reopening, though Iraq's oil minister has said it was anticipated, without elaborating.

Persons: Sultan al, Jaber, al, Al, “, he's, it’s, ” al, Haitham, Ghais, Alparslan Bayraktar, ”, Bayraktar Organizations: United, United Arab Emirates, Abu Dhabi Oil Co, Abu, Abu Dhabi International Petroleum Exhibition, Conference, Brent, United Arab, Turkish Energy, Kurdish Locations: ABU DHABI, United Arab, United Nations, Abu, Abu Dhabi, Russia, United Arab Emirates, Jaber, OPEC, Iraqi, Turkish, Turkey, Ceyhan

Yet Amin said that while an agreement ridding the world of fossil fuels doesn't look likely, a “phase-down of fossil fuels is inevitable." In 10 years when critics and others look back at the talks, Amin wants to hear amazement. They say a phase-out of fossil fuels is the only way to curb warming to a manageable level. He pointed to the desire by some African countries to use fossil fuels to develop. Amin said upcoming climate talks aim to be the most inclusive ever, but that also includes the at-times vilified fossil fuel industry.

Persons: Adnan Amin, Amin, Sultan al, Jaber, Greta Thunberg, ” Amin, Antonio Guterres, it’s, Mohamed Adow, Adow, Niklas Hohne, Bill Hare, ” Hare, Nigel Purvis, “, Seth Borenstein Organizations: of Parties, United, Associated Press, petrostate United, petrostate United Arab Emirates, New Climate Institute, Analytics, U.S . State Department, AP Locations: Dubai, United Nations, petrostate United Arab, Kenya, UAE, Africa, Russia, China, Saudi Arabia

☆ How Climate Week in New York Turned Into ‘Burning Man for Climate Geeks’
▼ + stars: | 2023-09-21 | by ( Cara Buckley | More About Cara Buckley | ) www.nytimes.com time to read: +1 min

It’s almost like the climate crisis has gotten itself a new team of publicists, judging from the boggling array of sessions, panels, VI.P. dinners, workshops and fireside chats happening this week as part of Climate Week NYC. This was in addition to two sold out Earth-focused drag shows, “SAVE HER!” hosted by the eco-drag queen Pattie Gonia, and the spectacle of Prince William wading into New York’s East River to visit the Billion Oyster Project, which works to restore reefs using mollusks. There were hundreds of less glittery events too, focused on decarbonizing agriculture, deforestation-free cattle ranching, carbon removal, environmental justice, food waste, green steel and session after session on climate finance and climate tech. Chaotic, sprawling, and borderline circuslike, Climate Week NYC, which officially runs from Sept. 17 to 24, is in many ways a showcase of human innovation, the countless ways people in many industries are working to slow and potentially reverse the enormous harms humans have done to the planet.

Persons: Pattie Gonia, Prince William Locations: Climate, New

☆ Shipping giant Maersk unveils 'trendsetter' green vessel as it aims to be carbon neutral by 2040
▼ + stars: | 2023-09-14 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Evergreen and other shipping firms have ordered similar vessels, though they have less ambitious carbon neutrality targets than Maersk. Shipping accounts for around 3% of global carbon emissions, an amount comparable to major polluting countries. Denmark's Minister of Industry Morten Bodskov said this is because it is a global industry. In June, a group of 20 nations supported a plan for a levy on shipping industry emissions. "I'm worried about the rhetoric that energy transition is a downside and not really a great opportunity," he added.

Persons: Moller, Vincent Clerc, Clerc, Morten Bodskov, Bodskov, Maersk's, I'm Organizations: Maersk, DENMARK — Shipping, CNBC, Evergreen, Maersk . Shipping, Organization for Economic Cooperation, Development Locations: Copenhagen, DENMARK, China, Argentina, Brazil

☆ Opinion: My 12-year-old son is cutting school… and I couldn’t be prouder
▼ + stars: | 2023-09-12 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +7 min

Berlin CNN —My 12-year-old son is cutting school on September 15 — an act of non-violent civil disobedience that his mother and I approve of entirely. Then-15-year-old Swedish student Greta Thunberg leads a school strike in Stockholm, 2018. Irish schools students demand immediate action on climate change during the "Global School Strike for Climate Action" march from St Stephen's Green to Leinster House in 2019. An array of climate activist groups surged in the slipstream of the global climate strikes, and now campaign on their own and together with it. The majority must mobilize and the global climate marches are one, high-profile, legitimate way to do it.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Greta Thunberg, Michael Campanella, Essien, ” They’ve, Stephen's Green, Artur Widak, — Organizations: CNN, Berlin CNN, Leinster House, Deal, Biden, Future, Entrepreneurs for Future, Twitter, Facebook Locations: Berlin, Europe, New Berlin, Stockholm, Sweden, Montana, Stephen's, Germany, California, Greece

The report highlights the numerous human rights violations that have occurred as a result of mining activity. The mine is operated by Compagnie Minière de Musonoie Global SAS, or COMMUS, a joint venture between Chinese company Zijin Mining and the state-owned Gecamines mining company. Often there was no grievance mechanism, accountability, or access to justice.”Amnesty International says companies are not doing enough to address human rights concerns and are disregarding international human rights laws and standards, as well as national legislation and U.N. Guiding Principles on Business and Human Rights. Decarbonizing the global economy must not lead to further human rights violations,” it said.

Persons: “ Ernest Miji, Chemaf, COMMUS, Donat Kambola Organizations: Amnesty International, U.S . House, Good, Human, Resources, Residents, Coalition, Rights, Amnesty, Compagnie Minière de, Global SAS, Mining, AP Locations: ABUJA, Nigeria, Congo, U.S, Kolwezi, Lualaba Province, Lualaba, Dubai, Cité

☆ Africa Climate Summit: Billions pledged to green projects but leaders warn of need ‘to act with urgency’
▼ + stars: | 2023-09-07 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —The inaugural Africa Climate Summit drew to a close on Wednesday, with the host, Kenya’s president William Ruto, saying that a total of $23 billion had been pledged to green projects by governments, investors, development banks and philanthropists. Among the most eye-catching finance announcements, the United Arab Emirates pledged $4.5 billion to clean energy initiatives in Africa. “It is our ambition that this will launch a new transformative partnership to jumpstart a pipeline of bankable clean energy projects in this important continent,” Al-Jaber said, adding that the investment could lead to the generation of 15 gigawatts of clean energy by 2030. At the Africa Climate Summit, UN Secretary General Antonio Guterres noted that the continent was responsible for less than four per cent of global carbon emissions. LUIS TATO/AFP/AFP via Getty ImagesGermany announced 450 million euros (about $481 million) of climate finance pledges, and and the US pledged $30 million to support climate resilient food security efforts across Africa.

Persons: William Ruto, Sultan Al, Jaber, ” Al, Yemi Osinbajo, ”, General Antonio Guterres, LUIS TATO, “, Osinbajo, greening Organizations: CNN, Africa Climate Summit, United Arab Emirates, COP28, Global Energy Alliance for People, UN, Getty Images Locations: Africa, Nairobi, Dubai, “, jumpstart, Nigeria, AFP, Copenhagen

☆ Decarbonizing has tremendous growth potential for energy infrastructure, says Tortoise's Rob Thummel
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDecarbonizing has tremendous growth potential for energy infrastructure, says Tortoise's Rob ThummelRob Thummel, Tortoise Ecofin senior portfolio manager, joins 'Squawk on the Street' to discuss rising energy oil prices due to the output cut extension, oil prices influencing energy investment decisions, and companies building carbon capture infrastructure.

Persons: Decarbonizing, Rob Thummel Rob Thummel, Tortoise

☆ Artificial Intelligence Steps In to Lower Carbon Footprint of Buildings
▼ + stars: | 2023-08-31 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Artificial intelligence is starting to help buildings go greener. Developers and construction companies have pursued more-efficient energy use in buildings over the past couple of decades. “We want to make every building out there as smart as it can be,” said Ramya Ravichandar, JLL Technologies’s vice president, technology platforms—smart and sustainable buildings. For instance, software and hardware that automatically manages lights, heating and cooling can help buildings cut 20% or more of their yearly energy use. “The main message overall is we’re not going to save the planet with software, and AI is software,” Smithies said.

Persons: JLL, “, ”, Ramya Ravichandar, ” Ravichandar, Thomas Kiessling, ” Kiessling, Greg Smithies, ” Smithies, Dieter Holger Organizations: International Energy Agency, Energy, Environmental, Envio Systems, Royal London Asset Management, JLL, London Asset Management, Siemens Smart Infrastructure, Siemens, Sustainable Business, Venture, Fifth, dieter.holger Locations: Turntide, Sunnyvale, Calif, Berlin, Birmingham, England

☆ Brazil eyes tax perks for energy sector, sparking 'green' vs oil debate
▼ + stars: | 2023-08-31 | by ( Marcela Ayres | ) www.reuters.com time to read: +4 min

Last year, more than 500 qualified energy projects received some 9 billion reais ($1.85 billion) in tax exemptions. However, senior officials at the Mines and Energy Ministry are pushing to broaden the incentives to include oil refineries and fuel storage facilities. Energy Ministry officials have argued that targeting tax benefits too narrowly would curtail oil and gas investments, calling in a technical note to expand incentives to oil and natural gas exploration, production and transportation. The Energy Ministry did not immediately respond to a request for comment. Brazilian state-run oil firm Petrobras (PETR4.SA) has forecast oil production for the next four decades, even as it ramps up investments in renewable energy.

Persons: Adriano Machado, Luiz Inacio Lula da Silva's, Lula, Marcela Ayres, Brad Haynes, David Gregorio Our Organizations: National, REUTERS, Petroleo Brasileiro SA Petrobras Follow, Reuters, Finance Ministry, Mines and Energy Ministry, Finance, Energy Ministry, Mines, Investments, Petrobras, PETR4, Thomson Locations: Brasilia, Brazil, Petroleo Brasileiro SA Petrobras Follow BRASILIA, Ukraine, biorefineries, divestments

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