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

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Sasol willing to acquire minority stake in CTL JV with Coal India Ltd and NMDC

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Sasol Ltd has expressed its willingness to acquire a minority stake in a coal-to-liquids joint venture with Coal India Ltd (CIL) and NMDC Ltd, a little more than one year after it formed a 50:50 venture with Tata Steel Ltd for a similar project. Bhattacharyya, CIL’s chairman.

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DOE to Award Up to $5M in Grants for RD on Hydrogen Production from Coal

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The US Department of Energy has issued up to a $5-million Funding Opportunity Announcement (DE-FOA-0000103) to solicit laboratory-level R&D projects to develop novel technologies for producing hydrogen from coal. Global deposits of PGMs are quite limited with the largest quantities located in South Africa and Russia.

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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

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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PwC analysis finds a need for global carbon intensity to drop an average of 5.1% Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1% Click to enlarge.

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We Need More Than Just Electric Vehicles

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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.