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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. thousand in 2017.

Coal 243
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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 arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The decline was driven by a surge in shale gas supplies and more attractive renewable power that displaced coal. Fatih Birol, the IEA’s executive director.

Economy 199
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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growth in 2017. The decline of coal use in the European Union and United States is overshadowed by surging natural gas and oil use around the world, according to the researchers. Although still a major factor in global emissions, coal has taken a hit, with global usage down 0.9% Coal use should drop a further 10% in the E.U.

Carbon 195
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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.

2018 191
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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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A large part of this potential comes from six relatively standardized categories: solar and wind energy; efficient appliances; efficient passenger cars; afforestation and stopping deforestation. There are an estimated 6,683 operating coal-fired power plants in the world, with a combined capacity of 1,964 GW.

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BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

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The 2017 edition of the BP Energy Outlook , published today, forecasts that global demand for energy will increase by around 30% between 2015 and 2035, an average growth of 1.3% Natural gas grows more quickly than either oil or coal over the Outlook, with demand growing an average 1.6% Oil demand grows at an average rate of 0.7%

Global 150