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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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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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Since 1990, however, the ESCII (2010 = 100) has remained essentially static, changing by less than 1%. tCO 2 /toe); in 2010 it was 56.7 The IEA said that this reflects the continued domination of fossil fuels—particularly coal—in the energy mix and the slow uptake of other, lower-carbon supply technologies.

Carbon 265
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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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An interim report with some of this study’s major findings and recommendations was released in June 2010. This is particularly true in the electric power sector, where, in the US, natural gas sets the cost benchmark against which other clean power sources must compete to remove the marginal ton of CO 2. Source: IEA. Earlier post.)

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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A strategic reserve complements the hard price collar and ensures the availability of price-certain allowances in the event of unusually high carbon prices. In addition, directly impacted states can veto drilling plans if they stand to suffer significant adverse impacts in the event of an accident. Decreasing Dependence on Foreign Oil.

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Study Finds Coordinated Off-peak Charging Can Support Large Scale Plug-in Use Without Additional Generation Capacity; TCO and GHG Abatement Costs for BEVs Projected to Remain High

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The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. All reference car configurations except the diesel use gasoline engines, because the.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

Oil 247
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). American Electric Power is the nation’s largest owner of transmission lines and a utility with operations in 11 states.

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