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

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 million b/d from March 2020.

2019 186
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices. Investment slumped by 30% in 2020.

Price 416
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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

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Power forecast of hybrid-, plug-in hybrid- and battery-electric vehicle global sales through 2020. million units in 2020, or some 7.3% The report, titled “Drive Green 2020: More Hope than Reality” considers various factors affecting the future potential for “green” vehicles in the world’s largest automotive markets.

2020 250
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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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With continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies, the projections show the potential to eliminate net US energy imports in the 2020 to 2030 timeframe. The United States has been a net importer of energy since the 1950s. With greater U.S.

2020 150
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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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by 2020, and 64% by 2050. The IEA said that this reflects the continued domination of fossil fuels—particularly coal—in the energy mix and the slow uptake of other, lower-carbon supply technologies. The costs of most clean energy technologies fell more rapidly than anticipated. Source: IEA. Click to enlarge.

Carbon 265
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EPA proposes rule for nationwide 30% cut in GHG from existing power plants by 2030 relative to 2005

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Power plants accounted for 32% (2,064 million metric tons of CO 2 equivalent) of all domestic greenhouse gas emissions in the United States in 2012, according to the EPA. The value allocated here in EPA’s goal-setting formula was an average heat rate improvement of 6% for coal steam electric generating units (EGUs).

2005 210