The Ukraine war has pressured fossil fuel pricing, created shortages and encouraged more use of coal in the short term. However, it has also accelerated the green transition.
Warm weather and greater energy efficiency means Europe has used
6-8% less electricity this winter. And around the world, capital is being mobilised to make economies more frugal. Last year governments, households and firms
together spent $560bn on energy efficiency. Much of this was spent on electric vehicles and heat pumps, with
almost doubled sales in both 2021 and 2022.
Soft plastics recycling returned to 12 Melbourne suburbs in February this year (2024) as
part of a trial to rebuild a national soft plastics recycling system It involves 5 Woolworths, 5 Coles and 2 Aldi Supermarkets in Victoria. Much like the original (failed) REDcycle scheme, the new trial has identified potential end markets for used soft plastic - an additive for asphalt roads, a replacement for
aggregate in concrete, or a material for making shopping trolleys and
baskets. However, to be successful, the scheme must be
cost-effective and suitably located, with established markets for the
MethaneSAT, set to launch in early March 2024, on a SpaceX Falcon 9 rocket,
boasts "unprecedented precision” in mapping and tracking
methane emissions. Orbiting the Earth 15 times daily at 350 miles high, the satellite will focus on the top oil and gas regions
globally, providing comprehensive analyses of methane levels and fugitive emissions.Methane has more than 10X the global warming impact of CO2. Also, alarmingly, the Int. Energy Agency report (2023) states:
“Immediate, targeted methane abatement in the fossil fuel sector can prevent nearly 1 million premature deaths due to ozone exposure.https://impakter.com/slashing-methane-emissions-could-save-nearly-one-million-lives-new-report-says/