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Gas prices and fossil fuels reach record highs in Europe – report

Smart Energy International

Soaring gas prices drove wholesale power prices to record highs in Europe last year, which resulted in several countries increasing their production of electricity from coal and lignite. The renewable proportion of the fuel mix (including biomass and waste) decreased from 41.4% MWh during December. MWh during December. Have you read?

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How the Fossil Fuel Industry Buys Goodwill

DeSmogBlog

From the world’s biggest soccer championship to soccer training for kids , from major universities to music festivals and art galleries to — if you can name it, fossil fuel companies have probably sponsored it. TotalEnergies will sponsor the 2023 Rugby World Cup in France.

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Global Power Sector Embracing Renewables but Ditching Fossil Fuels Too Slowly

GreenTechMedia

A new study of 3,000 power companies across the globe has found that only a handful have been cutting their fossil fuel capacity over the last two decades. Even utilities with aggressive renewables programs still have large portfolios of fossil fuel assets.

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Greenpeace: Car makers showing slow progress on decarbonizing supply chains

Envirotec Magazine

While electric vehicle sales continue to rise worldwide, automotive supply chains are lagging behind the required pace of decarbonisation, according to a new report from Greenpeace Asia. This year Suzuki received the lowest score in Greenpeace East Asia’s annual auto ranking , followed by Great Wall Motor and Toyota.

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Plug Power Raises $1.5B to Tap Into Green Hydrogen Economy in Asia

GreenTechMedia

Wednesday’s announcement marks the second massive investment in the past three months for the Latham, New York-based maker of fuel cells for forklifts and other work vehicles, as it seeks to capitalize on a global boom in investment in hydrogen generated from clean power as a replacement for fossil fuels. and Europe.

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Northern Ireland waste firm invests £5m in facility to produce fossil fuel alternative for industry

Envirotec Magazine

Waste management firm Re-Gen Waste has invested £5m in the development of its existing processing facility, to produce a high specification replacement for traditional fossil fuels, for use in cement kilns and power stations. There is also significant growth potential in Africa, South America and East Asia.

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The world’s electrical utilities still progressing too slowly towards a renewable energy transition

Envirotec Magazine

As policymakers and leaders around the world prepare for pivotal climate discussions at COP28, the sector must seize the momentum to create more renewable energy, enabling other sectors to decarbonise, and shifting demand away from fossil fuels. Vicky Sins, Decarbonisation and Energy Transformation Lead, said: “We cannot keep 1.5