An international consortium led by a German company signed a $34 billion deal to produce “green hydrogen” in Mauritania. [Consortium signs $34 bln MoU for hydrogen project ... - Nasdaq – synopsis Semafor]
Rare earths are a group of 17 metals which are vital in many technologies, notably renewables, computing, and batteries. The European Union imports 98% of its rare earths from China, and demand is expected to increase 400% by 2030. [Seltene Erden in Schweden: Fehlendes Investment in Technologie bremst Abbau aus- chemie.de]
Renewable energy in the U.S. will overtake coal power by the end of the year. Growth in solar and wind power has slowed in America, partly because of supply chain issues and reduced trade with China, but it is still trending up. Power from coal has been falling, and the two are expected to cross over this year, says Scientific American. Through the first nine months of this year, the United States installed 11 GW of wind and solar (Climatewire, Nov. 3).
The United States wants major businesses to help fund developing nations’ efforts to decarbonize. President Joe Biden’s climate envoy John Kerry hopes to unveil the carbon-credit program at COP27 this week, the @FinancialTimes reports.
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