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Market Update: How Battery Pack Costs Declined Since 2008

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The US Department of Energy’s Vehicle Technologies Office reported a remarkable 89% decrease in the cost of electric vehicle lithium-ion battery packs between 2008 and 2022. In 2008, the cost per kilowatt-hour (kWh) was $1,355, but by 2022, it had dropped to $153 per kWh. By keeping these manufacturing jobs in the U.S.,

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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The focus is on the impacts on China’s energy system and GDP growth, and on global climate indicators such as greenhouse gas concentrations, radiative forcing, and global temperature change. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

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Chinas 2008 GDP Up 9.6%, Unit GDP Energy Consumption Down 5.2%

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China’s National Bureau of Statistics (NBS) has revised key economic figures for 2008 following its second national economic census, including gross domestic product (GDP) growth rate, energy use growth rate, and rate of reduction in energy use per unit of GDP. The country’s 2008 GDP growth rate has been revised upward from 9.0

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EPA trends report sees record levels of average new vehicle fuel economy and CO2 emissions for MY 2012; role of new gasoline vehicle technologies

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MY 2012 adjusted fuel economy is 23.6 mpg fuel economy improvement from MY 2011 to MY 2012 is the second largest annual improvement in the last 30 years. l/100 km) fuel economy, which, if achieved, will again represent all-time records. Change in Adjusted fuel economy, weight, and horsepower for MY 1975-2013. mpg, or 22%.

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Japan will begin test drilling for oil and gas off Niigata coast in 2013

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Japan’s Ministry of Economy, Trade and Industry (METI) will begin test drilling for oil and natural gas in the Sea of Japan off the coast of Niigata Prefecture in April 2013. METI is outsourcing the test drilling, which is scheduled for April through June, to JX Nippon Oil & Gas Exploration Corp. Click to enlarge.

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Trafigura and Yara to explore opportunities for clean ammonia as shipping fuel; infrastructure and market opportunities

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Greenhouse gas emissions from the global maritime sector are increasing. The Fourth IMO Greenhouse Gas study, published in August 2020, predicts that emissions could increase by as much as 130% by 2050 compared with 2008 levels. Demand and supply of clean ammonia need to be developed in tandem.

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CARB releases 2022 draft Scoping Plan update

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The California Air Resources Board (CARB) has released the draft 2022 Climate Change Scoping Plan —the third update to the state’s initial 2008 Scoping Plan. Phase out oil and gas extraction operations by 2045. Release of the draft plan triggers a formal 45-day public comment period.