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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% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total.

Coal 261
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Udokan Copper to cut carbon intensity of copper production up to 75% by 2035

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The company’s plan to decrease carbon emissions involves the possibility of purchasing low-emissions electricity from power sources such as hydro, wind and solar, as well as its own power generation from renewable sources. Udokan Copper (earlier known as Baikal Mining Company) was established in 2008 to develop the Udokan copper deposit.

Carbon 273
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Source: Adeyeye et al.

Renewable 338
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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.

2008 170
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Americans Using Less Energy Overall and Using More Renewable Energy Resources

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The United States used significantly less coal and petroleum in 2009 than in 2008, and significantly more wind power. quadrillion BTUs in 2008. 51 in 2008. Most of that energy is tied directly to electricity generation and thus helps decrease the use of coal for electricity production. 22,09, 2.16 —A.J.

Energy 294
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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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As I have said before, this is not a race to renewables, but a race to reduce carbon emissions across many fronts. Renewables grew by 14.5%, nearing their record-breaking increase in 2017, but this still accounted for only around a third of the increase in total power generation. —Bob Dudley, group chief executive.

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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.

Coal 247