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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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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. The G7 – Canada, France, Germany, Italy, Japan, the UK, and the US, plus the EU – are meeting in Turin, Italy. Japan has the highest share at 32% in 2023, followed by Germany at 27%.

Coal 52
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ENEOS begins joint study with Origin on Japan-Australia green hydrogen supply chain; MCH as transport medium

Green Car Congress

ENEOS Corporation and Origin Energy signed a memorandum of understanding to conduct a study on a potential business collaboration for the development of a CO 2 -free hydrogen supply chain between Japan and Australia. Maritime transport of MCH to Japan by tankers.

Australia 221
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SAF company DG Fuels closes investments with two Japanese companies

Green Car Congress

These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

Companies 370
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

Emissions 370
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Sasol and ITOCHU to partner on green ammonia and hydrogen

Green Car Congress

South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. Japan is expected to be a large importer of green ammonia in the future.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. Coal was again the fastest growing fossil fuel with predictable consequences for carbon emissions; it now accounts for 30.3% Solar powergen rose 86.3%, though from a low base.

Coal 261