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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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Ethanol FFVs account for 11% of overall vehicle sales in 2040, followed by hybrid electric vehicles (excluding micro hybrids) at 5% of new sales in 2040, up from 3% in 2012; diesel vehicles at 4% in 2040 up from 2% in 2012; and plug-in hybrid vehicles and electric vehicles at about 1% each, both up from negligible shares in 2012.

Oil 290
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. In 2019, consumption of coal is expected to drop 11% in the U.S.—down

Carbon 195
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Dominion Energy sets new goal of net zero emissions by 2050 for both power generation, natural gas operations

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The company had previously committed to cut methane emissions from its natural gas operations by 50% between 2010 and 2030 and carbon emissions from its power generating facilities by 80% between 2005 and 2050. Dominion currently has cut carbon emissions approximately 50% since 2005 and reduced methane emissions by nearly 25% since 2010.

Emissions 207
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DOE releases draft of $8B loan guarantee solicitation for advanced fossil energy projects

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The Advanced Fossil Energy Projects solicitation, authorized by Title XVII of the Energy Policy Act of 2005 through Section 1703 of the Loan Guarantee Program, will be open for comments from industry, stakeholders, and the public until early September. The program is part of President Obama’s climate action plan. Earlier post.).

Energy 199
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150
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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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Projected sales of alternative-fuel vehicles in the AEO2013 Reference case are lower than in AEO2012, with the majority of the reduction reflected in sales of flex-fuel vehicles (FFVs), which in 2035 are about 1.3 million vehicles in 203—about 20% higher than in the AEO2012 Reference case. Overall findings.

Fuel 225
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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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The global energy supply became 6% cleaner from 1971 to 1990,in response to the oil shocks of the 1970s. The IEA said that this reflects the continued domination of fossil fuels—particularly coal—in the energy mix and the slow uptake of other, lower-carbon supply technologies. tCO 2 /TJ (2.39 tCO 2 /toe); in 2010 it was 56.7

Carbon 265