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On April 19th, my countrys first large-scale application project of hydrogen-blended natural gas, covering 100,000 households, was officially launched in Weifang, Shandong Province. The project utilizes Weifangs existing urban natural gas pipeline infrastructure to achieve stable hydrogen-blended natural gas transmission and distribution. The project covers 100,000 urban households in Weifangs central urban area, comprehensively encompassing various residential gas usage scenarios, including daily life and commercial catering. Residents can use hydrogen-blended natural gas normally without replacing their existing gas appliances. Experts stated that by implementing the "Hydrogen to Every Household" technology demonstration project, the "last mile" of hydrogen energy application in the urban gas sector has been bridged, achieving large-scale, continuous, long-term hydrogen-blended operation for the first time nationwide. The application of hydrogen-blended natural gas has significant demonstration benefits in energy security, green electricity consumption, and energy conservation and emission reduction. Preliminary calculations indicate that if hydrogen is blended at a 10% ratio in national urban gas consumption, it can replace approximately 15 billion cubic meters of natural gas annually, correspondingly reducing carbon dioxide emissions by approximately 30 million tons.Mayor of Tel Aviv, Israel: Iranian airstrikes have rendered more than 1,000 apartments in the city uninhabitable.April 19th - The US-Iran conflict caused a temporary setback in gold prices, but looking at the long term, golds luster remains undiminished. At the "2026 Market Outlook Forum" recently hosted by the London Stock Exchange Group (LSEG), economist Hong Hao stated that the recent decline in gold prices was not due to deteriorating fundamentals, but rather because it has "completed its historical mission for a certain period." Hong Hao analyzed that the lower the credit rating and the higher the yield of US Treasury bonds, the higher the gold price will be one year later. Holding 10-year US Treasury bonds for one year could result in a loss of nearly 10%, which is a very unfavorable trade; in contrast, fundamental logic, narrative logic, and data models all point to a higher gold price, with a doubling in the future being a certainty. Despite the significant short-term correction in gold prices, he remains optimistic about its long-term prospects.Bangladeshs Ministry of Energy announced Saturday evening that it has raised retail fuel prices by 10% to 15% due to soaring global crude oil prices and supply shortages caused by the ongoing conflict in the Middle East. The official notice indicates that under the new prices, gasoline will increase from 116 taka per liter to 135 taka (approximately US$1.10), diesel will remain at 115 taka per liter, and kerosene will cost 130 taka per liter. Bangladesh heavily relies on imported fuel, and the rising fuel costs are putting pressure on the South Asian nations already strained foreign exchange reserves.April 19th - According to analysis firm Kpler, since the outbreak of the war with Iran in late February, the global market has lost more than 500 million barrels of crude oil and condensate, making it the largest energy supply disruption in modern history. During the conflict, the average price of crude oil was around $100 per barrel. Analysts and Reuters calculations indicate that the lost production is worth over $50 billion, and this loss could last for months or even years.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.


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