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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

Green Car Congress

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable

Teslarati

Last week, Elon Musk announced Tesla’s first involvement in a major housing development project in Austin, Texas. Tesla Energy takes a stand against coal and gas generators in Australia. Abbott’s directives were released to improve the stability of the Texas grid after it failed in the February winter storm.

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Top US coal producer Wyoming just approved a $1.2B solar farm

Baua Electric

Cowboy Solar will be a massive bump in renewables for a state that’s produced more coal than any other state since 1986. According to the US Energy Information Administration, Wyoming produces almost 12 times more energy – generated mainly by fossil fuels – than it consumes, making it the second-biggest net energy supplier after Texas.

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Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). Texas’s electricity mix of energy sources managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator changed noticeably in 2023.

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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%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total.

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EIA: US LNG exports will fall 6% from 1H 2022 to 2H 2022 following Freeport outage

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EIA expects coal consumption to decrease by 3% in 2022 and by 4% in 2023, as 24 gigawatts of coal-fired power plants retire by the end of 2023. EIA expects renewable energy to provide 24% of US electricity generation in 2023, up from 20% in 2021. At the same time, refinery capacity in the United States has decreased since 2019.