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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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With wind and even solar power increasingly competitive with coal and natural gas without subsidies, with many utilities needing to meet renewable portfolio standards, and with new EPA rules forcing coal plant retirements, the impact of lower oil prices on renewable energy in the US is expected to be insignificant.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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new appliance standards and CAFE) and changes in the way energy is used in the US economy. quadrillion Btu in 2035, as a result of fuel economy improvements achieved through stock turnover as older, less efficient vehicles are replaced by newer, more fuel-efficient vehicles. million, or less than one-half the 2.9

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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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Unlike other fossil fuels, natural gas plays a major role in most sectors of the modern economy—power generation, industrial, commercial and residential. In the US, a combination of demand reduction and displacement of coal-fired power by gas-fired generation is the lowest cost way to reduce CO 2 emissions by up to 50%.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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July, 2008 : The Australian government published the Garnaut Report, a comprehensive study of the effects of climate change on the country’s economy ( earlier post ). Australia is the world’s largest exporter of coal and one of the world’s highest per-capita emitters of greenhouse gases. Earlier post.).

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