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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.

2011 236
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27 teams advancing in $20M NRG COSIA Carbon XPRIZE; converting CO2 to products

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XPRIZE announced the 27 teams representing six countries advancing in the $20-million NRG COSIA Carbon XPRIZE, a global competition to develop technologies that convert the most carbon dioxide emissions from natural gas and power plant facilities into products with the highest net value. Coal plant. Breathe (India). Coal plant.

Convert 150
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

MIT 240
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MIT and IEA reports take different views of the future of natural gas in transportation

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MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

MIT 299
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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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As it announced during its investor conference earlier this week, Celanese Corporation, a global technology and specialty materials company, has increased its 2013 earnings growth objectives to adjusted earnings per share of at least $6.00, or operating EBITDA of at least $1.7 Source: Celanese. Click to enlarge. Earlier post.).

Future 210
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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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The new report, part of the World Energy Outlook (WEO) 2011 series, examines the key factors that could result in a more prominent role for natural gas in the global energy mix, and the implications for other fuels, energy security and climate change. World primary energy demand by fuel in the IEA high gas scenario. Source: IEA.

MIT 210
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DNV GL: world energy demand will peak in 2035 prompting a reshaping of energy investment due to rapid electrification and inherent efficiency

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Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards, according to DNV GL’s Energy Transition Outlook. Conversely, fossil fuel spending will drop by around a third. Oil will peak in 2023 and coal has already peaked. trillion.

Energy 225