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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.

Asia 52
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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The decline of coal use in the European Union and United States is overshadowed by surging natural gas and oil use around the world, according to the researchers. About 40% of global carbon dioxide emissions were attributable to coal use, 34% from oil, 20% from natural gas, and the remaining 6% from cement production and other sources.

Carbon 195
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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s. It was a combination of strong renewables deployment, coal-to-gas switching, energy efficiency improvements, and softer industrial production that drove the decline in advanced economies’ emissions, reports the IEA.

Global 52
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‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. They can be used in India to a very large extent because we have so much of biogas.

Future 52
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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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The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. By 2040, natural gas is expected to account for more than a quarter of global energy use, surpassing coal in the overall mix. billion in 2040.

Energy 252
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Personal air travel (billion seat-miles) grows by an average of 0.7% Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. Energy demand for aircraft grows in the AEO2014 Reference case from 2.5

Oil 290
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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

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quadrillion Btu projected in the AEO2010 Reference case, due to relatively lower disposable personal income. Other key findings of AEO2011 include: Non-hydro renewables and natural gas are the fastest growing fuels used to generate electricity, but coal remains the dominant fuel because of the large amount of existing capacity.

Gas 199