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

Green Car Congress

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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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. What’s more, the next five years will see the fastest growth yet.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. By 2040, natural gas is expected to account for more than a quarter of global energy use, surpassing coal in the overall mix. billion in 2040.

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We Need More Than Just Electric Vehicles

Cars That Think

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Personal air travel (billion seat-miles) grows by an average of 0.7% Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. Energy demand for aircraft grows in the AEO2014 Reference case from 2.5

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

Green Car Congress

In addition, unconventional resources (including biofuels, oil sands, extra-heavy oil, coal-to-liquids, and gas-to-liquids) from both non-OPEC and OPEC sources are expected to become increasingly competitive in the reference case. million barrels per day. World production of unconventional resources, which totaled 3.1 in the reference case.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The transport sector—which depends almost entirely on oil products, with 93% of all the fuel used in the sector being oil-based in 2010—remains the main driver of global oil demand as economic growth increases demand for personal mobility and freight. World PLDV oil demand in the New Policies Scenario. —WEO 2011.

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