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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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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Study finds shifts to renewable energy can drive up energy poverty

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Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.

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EIA: projected US CO2 emissions vary up or down depending on coal and nuclear power plant retirements

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EIA’s Annual Energy Outlook 2014 (AEO2014) features several accelerated retirements cases that represent conditions leading to additional coal and nuclear plant retirements in order to examine the potential energy market and emissions effects of the loss of this capacity. Nuclear power and renewables do not emit CO 2.

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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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By 2025 HKM will have taken measures to reduce CO 2 emissions by at least 30% when compared to 2014. HKM is focusing on moving away from coal, via natural gas and coke oven gas with a high hydrogen content, towards green hydrogen produced from renewable sources, a process which has already begun.

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. Geely is committed to achieving the long-term goal of zero emissions mobility through a diverse suite of new energy solutions, including renewable methanol vehicle technology. Earlier post.).

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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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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. Coal emerges as the biggest loser in the long run. The latest BP Annual Energy Outlook found that in 2017, renewables grew strongly in 2017, with wind and solar leading the way. NEO 2018 sees $11.5 BNEF sees $1.3

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