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Baker Institute team says fossil fuel subsidies need global reform

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Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%

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

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The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2% increase in 2021.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 NEO 2018 sees $11.5 BNEF sees $1.3

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Natural gas prices declined to multi-year lows; however, the share of gas in primary energy continued to rise, reaching a record high of 24.7%. The oil price (Dated Brent) averaged $41.84/bbl

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Solar PV, Wind, and Biofuel Markets Expand by 11.4% to $139.1B in Collective Global Revenues in 2009

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In 2009, combined global revenue for the three major clean-energy sectors—solar photovoltaics (PV), wind power, and biofuels—grew by 11.4% The report’s key findings include: The global production and wholesale pricing of ethanol and biodiesel reached $44.9 billion in 2009 and is projected to grow to $112.5

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Rockwood Lithium opens new lithium production facility in Nevada; announces global price increases for lithium salts

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As the market for electric vehicles, plug-in hybrids and other advanced clean energy technologies grows worldwide, rare earth elements and other critical materials, including lithium, are facing increasing global demand. Between 1980 and 2009, the demand for lithium has tripled.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020. —Andrej Divis.

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