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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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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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This year’s edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions. in 2018, faster than at any time since 2010-11. Coal still accounted for the largest share of power generation at 38%. —Bob Dudley, group chief executive.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama 249
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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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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. NEO 2018 sees $11.5 trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4

Wind 220
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New phase of globalization could undermine efforts to reduce CO2 emissions

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trillion) in 2014. —Dabo Guan, professor in climate change economics at UEA’s School of International Development and co-author on both studies. The success of international climate mitigation efforts may therefore depend on curtailing growth of coal-based energy and emissions in now-industrialising and urbanising countries.

Emissions 170
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Researchers measure actual CO2 emissions from fossil fuel use and compare to reported levels

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However, because gas, coal and oil are millions of years old, their carbon has a key difference compared to the carbon cycling through plants. We quantified ffCO 2 by measuring radiocarbon ( 14 C) in CO 2 , an accurate fossil-carbon tracer, at nine observation sites in California for three months in 2014-15.

Emissions 199
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The $32-Trillion Push To Disrupt The Entire Oil Industry

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And it has become clear that not only oil and gas giants are being targeted, after one of the world’s largest mining and commodity trading companies, Glencore, decided to put a limit on its thermal coal investment. Between 2014 and 2018, upstream oil and gas investments have been hit hard, leaving a $1 trillion investment gap.

Oil 231