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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

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.

Coal 243
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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. Solar PV and wind account for 95 percent of the predicted 7,300 GW renewable expansion between 2023 and 2028. In the U.S.,

Coal 133
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Study Finds Wind Power Could Meet Chinas Entire Projected Power Demand for 2030

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A study by researchers at Harvard University and Tsinghua University shows that there is enough wind in China to generate electricity to supply the nation's entire projected demand for 2030 (about twice what is used now) at reasonable prices per kilowatt-hour. The paper was published in the 11 September issue of the journal Science.

Wind 250
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Wind Turbine Blades Destined for the Afterlife

Cars That Think

This group of wind-turbine fan blades, fresh from Siemens Gamesa’s new RecycleBlade manufacturing process at England’s largest such factory, await shipment to the various points around the globe where they will serve 20- to 30-year stints generating electricity at wind farms before they’re recalled and reincarnated. What’s Next?

Wind 100
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The ICCT team considered battery and hydrogen fuel-cell EVs, plug-in hybrid EVs, natural gas, biofuels, and e-fuels.The study used the lifetime average carbon intensity of fuel and electricity mixes, and accounted for changes in the carbon intensity over vehicle lifetime given present energy policies. Source: The ICCT.

Hydrogen 418
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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In the longer-term, a post-crisis legacy of higher debt will present lasting risks to investment. These networks have to be resilient and smart to ward against future shocks but also to accommodate rising shares of wind and solar power. Today’s investment trends are clear warning signs for future electricity security. —Dr Birol.

Global 344
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Energy Secretary Chu says US faces a new Sputnik Moment in Chinas clean energy successes

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In a speech at the National Press Club, US Energy Secretary Steven Chu said that the success of China and other countries in clean energy industries represents a new “Sputnik Moment” for the United States, and will require a similar mobilization of innovation to enable the US to compete in the global race for the jobs of the future.

Energy 342