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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. China was the only major economy to experience economic growth in both 2020 and 2021. billion tonnes.

Emissions 370
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DOE issues $13M funding opportunity for advanced coal gasification systems for power or fuels

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The US Department of Energy (DOE) has issued a funding opportunity announcement ( DE-FOA-0000784 ) for up to $13 million to support the development of advanced coal gasification systems. AOI 1: Coal Feed Technologies - Low-rank Coal Feed or Coal-woody Biomass Feed Technologies. poplar, pine and hardwoods]).

Coal 239
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix. Get started here. –

Asia 52
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. million b/d from March 2020. million b/d from 2020. MMBtu in 2020 to $3.31/MMBtu EIA expects US coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020.

2019 186
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. in 2020, it could rebound quickly to previous levels as soon as 2021, depending on the persistence and longevity of the pandemic. Source: BloombergNEF.

Gas 243
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Investment slumped by 30% in 2020. These include record price volatility, changing government regulations, divergent long-term demand scenarios and non-standardized ESG criteria that are driving up investment hurdles and hiking the cost of capital for long-cycle projects, the report says.

Price 416