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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. It’s the first large political since COP28 in December when the world pledged to transition away from fossil fuels. The problem is that whilst coal power has already been falling, gas power has not.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. Fossil fuels are playing a smaller role than ever as a system with wind and solar as its backbone comes into view.” Coal and gas are on their way out, and renewables are stepping up.

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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. Get started here. –

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Next Fuel, Inc. signs definitive agreement to field test coal-to-gas technology in China; Chinese partner makes strategic investment

Green Car Congress

Next Fuel, Inc., Next Fuel, Inc., Future Fuel will have the right to require Next Fuel to file a registration statement with the Securities and Exchange Commission to register its shares for resale within sixty (60) days. Field testing is scheduled to begin by the end of July 2011.

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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

Green Car Congress

Electra’s process emits zero carbon dioxide emissions and carries zero green premium, meaning it will cost the same or less than existing production methods powered by fossil fuels. The 50-person company recently opened a new office in Boston, MA to help expand its roster of engineers, scientists, and professional support staff.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

Jackson and his colleagues estimate that global carbon dioxide emissions from fossil fuel sources—which represent roughly 90% of all emissions from human activities—will grow a projected 0.6% Although still a major factor in global emissions, coal has taken a hit, with global usage down 0.9% over 2018 emissions.

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EGEB: World’s 60 largest banks pumped $3.8 trillion into fossil fuels since 2016

Electrek

In today’s Electrek Green Energy Brief (EGEB): A climate group report shows fossil-fuel financing continues to rise despite Paris Agreement pledges. The world’s largest coal mining company sets its sights on solar. trillion into fossil fuels since 2016 appeared first on Electrek.

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