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Fossil Fuel Production Up in 2008 Despite Recession

Green Car Congress

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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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl, globally, and 8.4%

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

Green Car Congress

Coal consumption (+1.4%) and production (+4.3%) increased for the second year in a row in 2018, following three years of decline (2014-16). Coal still accounted for the largest share of power generation at 38%. Cobalt prices rose 30% to their highest levels since 2008, while Lithium carbonate prices increased by 21% to new highs.

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EGEB: In 2020, 78% of new US power installations were clean energy

Electrek

In 2020, the number of producing US coal mines fell to the lowest number since 2008. Tesla now offers price matching, so it’s important to shop for the best quotes. In today’s Electrek Green Energy Brief (EGEB): The US installed a record 26 gigawatts of new clean energy in 2020, according to a new report.

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MIT study concludes that absent climate policy, coal-to-liquids could account for around a third of global liquid fuels by 2050

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A new assessment of the viability of coal-to-liquids (CTL) technology by researchers from the MIT Joint Program on the Science and Policy of Global Change (JPSPGC) found that without climate policy, CTL has the potential to account for around a third of global liquid fuels by 2050. Credit: Chen et al., 2011 Click to enlarge. Henry, J.M.

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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. billion tonnes in 2008. Source: PBL. Click to enlarge.

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