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New phase of globalization could undermine efforts to reduce CO2 emissions

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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.

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

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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. OECD industry stocks of middle distillates have fallen by 25% since January 2021 to their lowest levels since 2004. mb/d in 2023, boosting throughputs by 2.3

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

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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

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

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trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 Coal’s share in primary energy in 2017 fell to 27.6%, the lowest since 2004. Gas-fired generation is seen rising 15% between 2017 and 2050, although its share of global electricity declines from 21% to 15%. NEO 2018 sees $11.5

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Ford expanding global electrified vehicle battery R&D

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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.

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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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Global energy intensity, 1981-2010. Global energy intensity—defined as total energy consumption divided by gross world product—increased 1.35% in 2010, the second year of increases in the context of a broader trend of decline over the last 30 years, according to a new Vital Signs Online article from the Worldwatch Institute.

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

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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.

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