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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 Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Coal has led the growth in fossil fuel production. million barrels per day (Mbpd) in 2008, up from 1.0

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

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We’ve seen a considerable reduction in solar panel costs, but that is exactly why there is reason to be optimistic. Lower prices open markets that were previously barred economically. kWh average cost of electricity in the United States and globally. Real innovation always finds its pot of gold.

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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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Although market-based mechanisms need to be implemented soon to establish a framework for emissions reductions, the Carnegie Mellon University (CMU) team argues, the range of prices for CO 2 currently under discussion will be too low to enable achieving the longer-term targets. For electric power. Samaras et al. Samaras et al. per gallon.

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NETL Report Concludes CTL Plus Carbon Capture Results in Fuel with 5-12% Less Lifecycle GHG Than Petroleum Diesel; Modest Biomass Additions Lower GHG Further

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Background colors of the cells represent the crude oil price required for economic feasibility. These synthetic fuels are economically competitive with petro-diesel when the crude oil price (COP) is at or above $86 per barrel (based on a 20% rate of return, in January 2008 dollars, with a carbon price of zero).

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Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

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The California Green Innovation Index has tracked key economic and environmental indicators at the regional, state, national and international level since 2008. As gasoline prices fell starting in late 2014, motorists logged an additional 2.7 Noel Perry, businessman and founder of Next 10. below their 2006 levels. from 2014 to 2015.