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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. Coal emerges as the biggest loser in the long run. However, coal consumption was also up, growing for the first time since 2013.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

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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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This study uses recent data on industrial-scale battery production and considers regional battery supply chains. There will not be sufficient supply of very low-GHG biofuels, biogas, and e-fuels to decarbonize internal combustion engine vehicles, according to the ICCT.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants.

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Scenario study suggests increased vehicle electrification in Europe increases demand for gas in power sector; limited ability for power-to-gas

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A study published by the Centre on Regulation in Europe (CERRE) has explored the possible impact of increased electrification of road transportation and domestic heating and cooking on the energy system (electricity and gas), as well as on CO 2 emissions and on GDP.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

“In 2024, the entire world is in a stage of reconfiguring supply chains, geopolitics are bringing new challenges to supply chains,” CNESA said in the white paper. This is particularly important for China, which has minimal natural gas capacity, a more flexible power source than slow-ramping coal plants.

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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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However, fossil fuels continue to supply nearly 80% of world energy use through 2040. Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase. per year over the projection period, but remain a relatively minor share of total liquids supply through 2040.

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