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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Coal’s market share of 30.3% seen in 2010, according to the newly released BP Statistical Review of World Energy, 2012. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Source: BP.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles. Source: IRENA.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Click to enlarge. Outlook for Energy. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. In 2010, about 75% of the world’s vehicles were in OECD countries. liters per 100 km) in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Source: ExxonMobil.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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” also sees steady adoption of on-shore wind and electric vehicle technologies, but suggests that off-shore wind and carbon capture and sequestration look likely to fade or decline. For some alternative-energy industries—CCS and off shore wind, for example—real competitiveness is still a distant probability.

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IRENA: Mexico can more than quadruple share of renewable energy by 2030

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in 2010 to 21% by 2030, according to a report released by the International Renewable Energy Agency (IRENA). The scale-up of renewables can drive diversification in Mexico’s energy supply, potentially reducing coal demand by 62%, natural gas by 21% and oil by 6% in 2030, compared to what current policies would achieve.

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The Complex Calculus of Clean Energy and Zero Emissions

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—Jesse Jenkins, Princeton University When I entered the field, commercial wind was starting to scale up and the questions were about engineering feasibility. What was the maximum share of wind that we could have in the system without blowing it up—5 percent or 20 percent or 30 percent? What about the pitfalls with energy modeling?

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