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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 Coal has led the growth in fossil fuel production. In 2000, coal provided 28% of the world’s fossil fuel energy production, compared with 45% for oil. By 2008, coal production represented a third of fossil energy production.

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Perspective: Despite Solyndra’s death, the future of solar energy is sunny

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With subsidies long in place for nuclear, coal and gas in the US along with the cheap cost of production for coal and natural gas, solar is essentially competing with that $0.10/kWh kWh average cost of electricity in the United States and globally.

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Biosyncrude Gasification Process Could Produce Motor Fuel at Cost of Around $3/gallon

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A crude oil price of US$100/bbl results in an approximate cost of €0.56/L Furthermore, given the limitations on biomass conversion to biosynfuel, the FZK team sees an ongoing role for coal and natural gas derived synthetic fuels, likely combined with BTL in very large integrated XTL complexes. per liter (US$2.72-5.03/gallon

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MIT and IEA reports take different views of the future of natural gas in transportation

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For light passenger vehicles, even at 2010 oil-natural gas price differentials, the high incremental costs of CNG vehicles lead to longer payback times for the average driver, so significant penetration of CNG into the passenger fleet is unlikely in the short term, the report finds. million in 2008 to around 17 million in 2035.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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CMU Paper: Market-Based Mechanisms for CO2 Reduction Will Be Insufficient to Attain Mid-Century Goals

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The future price of CO 2 permits would need to rise to at least $50/ton before electric power generating companies would find it cost-effective to build coal-fired power plants with carbon capture and sequestration (CCS), the authors note. Samaras et al. The same is true of natural gas-fired plants. per gallon.

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The Case for Nuclear Cargo Ships

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The IMO’s previous goal was a 50 percent reduction by 2050 in comparison with 2008 levels. At the same time, it’s becoming apparent that alternative-fuel solutions we’re looking at have big drawbacks, and that producing these fuels will take a lot of green power that will be needed to replace coal and gas on shore.