Greener Industrial Chemicals, EV Fleet Challenges And Tesla’s Record Deliveries
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Anadolu Company through Getty Photos
In the Nineteen Seventies, decreased manufacturing of oil led to a stagnating economic system and surging inflation as a result of greater gasoline costs. These results had been amplified within the early a part of that decade when the OPEC nations agreed to chop manufacturing each to boost costs and in response to the Nixon Administration’s assist for Israel and its resolution to weaken the greenback by coming off the gold customary. The impression of this made the Nineteen Seventies a tumultuous time each economically and socially. Right now historical past threatens to repeat itself as OPEC+ nations earlier this week pledged to chop their manufacturing targets, leaving the Biden Administration scrambling. (Although, as my colleague Chris Helman factors out–OPEC hasn’t been hitting its manufacturing targets anyway, so it’s not clear whether or not this announcement really means something for the supply of oil. However then, oil value will increase within the late Nineteen Seventies had been pushed extra by panic spurred by the Iranian Revolution than precise manufacturing shortfalls. Notion issues…)
Whereas it’s true that the US continues to be power unbiased – it exports extra power than it imports – that’s partly as a result of its export of liquid pure gasoline. Plus the fungible nature of the world oil markets mixed with America’s love affair with inner combustion engines implies that our politics may be held hostage to the curiosity of authoritarian nations. On this case, OPEC’s transfer appears to be tied to the U.S. and Europe’s assist of Ukraine in its struggle for freedom in opposition to Russia. Perhaps it’s time to take a lesson from considered one of our neighbors to the south, the Dominican Republic, which is responding to greater costs in fossil fuels by taking steps to cut back its reliance on them. They see this as a profit not solely geopolitically, by taking themselves out of counting on different international locations, but additionally as a lift for its tourism business by clearing the skies of air pollution.
The Huge Learn
Sasol
This Fossil-Fueled Powered Chemical Producer Is Shifting To A Greener Path
With a Louisiana megaproject full, Sasol CEO Fleetwood Grobler is reducing danger and emissions at South Africa’s power chief. It gained’t be simple, however inexperienced hydrogen would possibly assist.
Learn extra right here.
Discoveries And Improvements
Researchers have developed a synthetic enzyme that may assist cut up hydrogen from water molecules, probably enabling a extra sustainable option to produce it for power manufacturing.
Retrofitting present, typically growing old, generators can produce double-digit will increase in hydropower technology with out constructing any new dams.
Battery producers are transferring in direction of phosphates as a less expensive various to cobalt conventionally utilized in lithium-ion batteries.
Droughts in California and different elements of the Southwest are exacerbating the unfold of Valley fever, an infectious fungal illness.
Sustainability Offers Of The Week
Cultivated Meat: Paris-based Gourmey has raised a $47 million collection A spherical to speed up the commercialization of its cultivated foie gras product.
Chess Offsets: Gaming firm World Chess introduced a partnership with One Tree Planted detailing {that a} new tree be planted for each chess set that the positioning sells.
Inexperienced Metal: Colorado-based firm Electra introduced that it’s raised $85 million from backers like Breakthrough Vitality Ventures and Amazon to speed up its zero emission metal making strategies.
On The Horizon
Because the central banks’ struggle in opposition to inflation slows down the worldwide economic system, observers say one factor to search for is whether or not firms begin to kick the can down the street on assembly their environmental commitments. Extra on that right here.
What Else We’re Studying This Week
Consuming seafood may be extra sustainable and wholesome than purple meat (In style Science)
A New Period of Local weather Disasters Revives Requires Local weather Reparations (Bloomberg)
Ian Sinks Florida ‘Dome Dwelling’ Constructed to Survive Hurricanes (Scientific American)
Inexperienced Transportation Replace
Rivian EV vans
Rivian
Amazon, FedEx and different large fleet operators are transferring quick to interchange their huge fleets of exhaust-spewing supply vans with clear electrical automobiles. It’s a win for the setting, however preserving tens of 1000’s of heavy EVs powered up brings new challenges, together with putting in numerous chargers and solely plugging in when electrical energy charges are low cost. Oh, and don’t drive them too exhausting or till they’re practically out of gas if you’d like the batteries to final.
The Huge Transportation Story
Tesla
Tesla’s Quarterly EV Deliveries Bounce 42%–However Miss Bullish Expectations
Elon Musk’s Tesla reported its finest quarterly deliveries of electrical automobiles this week, up greater than 100,000 items from a yr in the past, however was in need of expectations by analysts who predicted much more bullish figures for the model. The shares took a beating the following day.
Learn extra right here.
Extra Inexperienced Transportation Information
Honda Prologue Arriving In 2024, And That’s Not Too Late
By The Numbers: What It Prices To Preserve An Electrical Car
Cyclists Have Happiest Commute, Exhibits US Smartphone App
U.S.-Ukrainian Agency Delfast Presents California, A New Electrical Bike
Switching To Zero-Emission Vehicles May Save Hundreds Of Lives, Examine Finds
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