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The IEA estimates that a cut in the carbon emissions per unit of energy of more than 60% is needed to prevent global average temperatures rising by more than two degrees Celsius in the long term, and maintaining current levels would yield a temperature increase of six degrees Celsius.
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"While progress has been made until 2010, there are reasons for concern about future progress," the European Commission said. "Current policies alone will be insufficient to trigger the required renewable energy deployment in a majority of member states. Hence, additional efforts will be needed."
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The price of credits used by refiners to meet federal ethanol blending requirements has risen more than 1,000% in recent weeks. The heightened volatility in this normally sleepy market has raised concerns that it is a factor in the recent rise in the price of gasoline.
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Operating companies are increasing efforts to reduce the risk of catastrophic events such as the release of toxic, reactive or explosive chemicals that can damage the environment or plant assets.
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To comply with mandatory sulfur specifications for gasoline and diesel from 2013 to 2016, Saudi Arabia is spending billions of dollars to construct multiple clean-fuel projects.
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The proposed energy-efficiency funding would "support state governments that implement effective policies to cut energy waste," specifically measures such as modernizing utility rules and building codes to encourage efficiency and standardizing financing for energy-efficiency upgrades, the summary said.
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As more regions increasingly adopt clean-fuel regulations, the challenge for refiners is to meet these tightening gasoline specifications for benzene cost-effectively without significant octane loss.
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Eni invested in an innovative project involving the conversion of the existing refining scheme of its Venice refinery into a “green cycle” to process very high-quality biofuels starting from biological feedstocks.
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HP Brief
January 01, 2013
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Biobutanol is coming to market as a gasoline blendstock and can be efficiently made by a range of renewable feedstocks.
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The California Chamber of Commerce has filed a lawsuit seeking to invalidate California’s "cap-and-trade" auction, arguing that the California Air Resources Board (CARB) exceeded the authority granted to it under state law (AB 32) in establishing the revenue-raising program.
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High-performing enterprises draw on external expertise during all project phases, from scouting and front-end engineering and development through to operations.