Global wind power group Iberdrola and Swedish startup H2 Green Steel plan to build a vast renewable hydrogen plant on the Iberian peninsula to power the production of iron used to make steel with drastically reduced carbon emissions.
For all the angst caused by this year's 65% oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at least, can probably handle even costlier crude without too much stress.
European Union targets to boost biofuel use are likely to have led to the deforestation of an area roughly the size of the Netherlands over the last decade to expand soy, palm and other oil crops, a report said on Monday.
Spanish energy group Repsol said on Thursday it plans to invest 2.55 billion euros ($2.96 billion) in projects to produce hydrogen by 2030, updating a previous plan that envisaged spending up to 2.9 billion euros by 2026.
Brazilian energy company Cosan SA has joined the U.S.-based Fifth Wall Climate Tech Fund as an investor and partner, in a deal that also gives it preferential access to investments in startups developing lower carbon solutions.