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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.

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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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GM to double models with 40 mpg highway or better by 2017; ongoing manufacturing efficiency improvements

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GM has made three product commitments for 2017 related to its sustainability strategy: to have 500,000 vehicles on the road in the US with some form of electrification ( earlier post ); to double the number of US models that can achieve an EPA-estimated 40 mpg US (5.9 GM has a goal of 125 MW renewable energy. Earlier post.).

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. The latest BP Annual Energy Outlook found that in 2017, renewables grew strongly in 2017, with wind and solar leading the way.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

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World Bank Group: mineral production to soar as demand for clean energy increases

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It also notes that even if we scale up recycling rates for minerals such as copper and aluminum by 100%, recycling and reuse would still not be enough to meet the demand for renewable energy technologies and energy storage. In the current global context, COVID-19 is causing major disruptions to the mining industry across the world.

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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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Transportation energy consumption in non-OECD countries has exceeded that in OECD countries since 2017, and by 2050, non-OECD countries will account for almost 65% of the world’s transportation-related energy use. India, in particular, is projected to experience rapid industrial growth and increased demand for motorized transportation.

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