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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. billion and $2.7

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Study measures the effect of regional change in clouds caused by ships’ emissions; masking GHG warming

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The new study uses observations from 2003 to 2015 in spring, the cloudiest season, over the shipping route between Europe and South Africa. But in this study researchers focused on an area that had previously been excluded: a place where the wind blows along the shipping lane, keeping pollution concentrated in that small area.

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51% of BMW Group’s electricity worldwide from renewable sources; targeting 100%

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At its Annual Account Press Conference 2015, the BMW Group announced that, for the first time in the history of the Group, 51% of its electricity worldwide is being supplied from renewable sources. Examples of the use of renewable power include: In Leipzig, Germany, the BMW Group is using wind power.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

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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. Wind, solar and biofuels are expected to be the fastest-growing energy sources, increasing about 6% a year on average through 2040, when they will be approaching 4% of global energy demand.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion of final investment decisions on offshore wind projects in Europe. A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. billion) and South Africa ($5.5

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