article thumbnail

New phase of globalization could undermine efforts to reduce CO2 emissions

Green Car Congress

A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications. trillion) in 2014.

Emissions 170
article thumbnail

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Since 6 June, WTI and Brent futures have averaged above $120/bbl. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6

Oil 210
article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. bbl in 2020—the lowest since 2004. Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 Source: bp. The oil price (Dated Brent) averaged $41.84/bbl

2020 397
article thumbnail

President-Elect Candidates On Their Plans for the Future

Cars That Think

Senior Member Kathleen Kramer JT MacMillan Nominated by the IEEE Board of Directors Kramer is a professor of electrical engineering at the University of San Diego, where she served as director of engineering from 2004 to 2013. We must include emerging multi-disciplinary communities and the members in growing global regions.

Future 58
article thumbnail

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

Green Car Congress

trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 Beaten on cost by wind and PV for bulk electricity generation, and batteries and gas for flexibility, the future electricity system will reorganize around cheap renewables—coal gets squeezed out. NEO 2018 sees $11.5 BNEF sees $1.3

Wind 220
article thumbnail

Hyundai Motor expands partnership with US Government to support further exploration of hydrogen fuel cell technologies

Green Car Congress

This partnership, along with other collaborations with global industry partners, will help address technical barriers and enable progress in hydrogen and fuel cell technologies across applications and sectors. to strengthen cooperation between the two countries to vitalize the global hydrogen economy.

Hyundai 448
article thumbnail

Ford expanding global electrified vehicle battery R&D

Green Car Congress

Ford is expanding its electrified vehicles research and development program in Europe and Asia this year, creating a “hub-and-spoke” system that allows the global team to further accelerate battery technology and take advantage of market-specific opportunities. Ford electrified vehicle sales in the US.

Ford 150