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EU's carbon mechanism to fuel large rise in steel import costs, says WoodMac

EU's carbon mechanism to fuel large rise in steel import costs, says WoodMac By Pratima Desai LONDON, Sept 21 (Reuters) - The EU's carbon emissions scheme is likely to significantly raise the costs of steel imports from India and China once it is fully implemented in 2034, while higher-emissions steel will probably go elsewhere, consultancy Wood Mackenzie said.
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Costs of India's steel exports to EU set to soar - Wood Mackenzie

BUZZ-Costs of India's steel exports to EU set to soar - Wood Mackenzie ** Indian steel producers are likely to see the cost of their steel exports to Europe rise 56% by 2034 due to European Unions's Carbon Border Adjustment Mechanism (CBAM), Wood Mackenzie said in a report ** CBAM will require producers of goods imported into the European Union to
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US renewable energy capacity could triple in 10 years on IRA boost: Wood Mackenzie

US renewable energy capacity could triple in 10 years on IRA boost: Wood Mackenzie Sept 13 (Reuters) - United States' annual renewable energy capacity could triple in 10 years to 110 gigawatts (GW) as clean-energy law powers more investment in the sector, research and consultancy firm Wood Mackenzine said on Wednesday. President Joe Biden's Inflation Reduction Act (IRA) provides billions of dollars in green energy tax credits to help consumers buy electric vehicles and companies produce renewabl
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U.S. solar power capacity to expand by record 32 gigawatts in 2023 -report

U.S. solar power capacity to expand by record 32 gigawatts in 2023 -report Sept 7 (Reuters) - The U.S. solar industry expects to add a record 32 gigawatts (GW) of production capacity this year, up 53% on new capacity in 2022 and helped by investment incentives under the Inflation Reduction Act, a report published on Thursday showed. The report by the Solar Energy Industries Association (SEIA) and Wood Mackenzie estimated total operating solar capacity would grow from 153 GW currently to 375 GW b
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LNG suppliers pin hopes on China for long-term demand

GASTECH-LNG suppliers pin hopes on China for long-term demand By Emily Chow and Carman Chew SINGAPORE, Sept 7 (Reuters) - Suppliers of liquefied natural gas (LNG) are betting on China to drive demand for the super-chilled fuel over the longer term despite last year's slowdown, as the country locks in multi-year supply deals. China's LNG imports hit nearly 79 million metric tons in 2021, putting it ahead of Japan as the world's top importer that year, but stringent COVID measures curbed spot dema
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