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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. CO 2 emissions from natural gas use have grown a sustained 2.2% CO 2 emissions from coal use are expected to grow 1.0% [0.2% to 1.9%], potentially exceeding the previous peak in 2014 to reach a new high. increase in 2021.

Global 221
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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

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Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

Coal 150
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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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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. 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.

Wind 220
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Marubeni in Coal-Fired Power Plant Push for Asia

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will market energy-efficient coal-fired power plants in Asia, leveraging a bilateral emissions offset mechanism between Japan and other countries that enables Japan to receive carbon reduction credits in return for providing low-carbon technologies and equipment. Japan’s Marubeni Corp. This project is Marubeni’s tenth in Vietnam.

Asia 210
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Dominion Energy & Duke Energy cancel $8B Atlantic Coast Pipeline due to delays and cost uncertainty

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The Atlantic Coast Pipeline as planned was a 600-mile underground natural gas transmission line meant to deliver new, lower-cost supplies of natural gas to public utilities in Virginia and North Carolina. The $8-billion project is a partnership between the regional energy companies Dominion Energy and Duke Energy.

Energy 221
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Siemens Energy to Supply Advanced Coal Gasification Technology to Taylorville Energy Center; 50% CO2 Capture

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has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .

Coal 186
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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

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Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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