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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

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Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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The levelized cost of electricity analysis for H2 2015 shows onshore wind to be fully competitive against gas and coal in some parts of the world, while solar is closing the gap. The LCOE for combined-cycle gas turbine generation rose from $76 to $82 in the Americas, from $85 to $93 in Asia-Pacific and from $103 to $118 in EMEA.

Wind 150
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Perspective: Despite Solyndra’s death, the future of solar energy is sunny

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I believe that the loss of industry players Solyndra, Evergreen, and SpectraWatt opens the market for more innovative solar companies to succeed with smarter tactics and mainstream products that fit into existing manufacturing models. Lower prices open markets that were previously barred economically.

Solar 246
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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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Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. A group of 10 Key Growth countries is expected to represent an increasingly significant share of the global energy market due to their rising populations and living standards.

Energy 252
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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use.

2000 150
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New phase of globalization could undermine efforts to reduce CO2 emissions

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International trade increased by more than 50% from 2005 to 2015, with approximately 60% of the increase tied to rising exports from developing countries. The success of international climate mitigation efforts may therefore depend on curtailing growth of coal-based energy and emissions in now-industrialising and urbanising countries.

Global 170