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IDC Energy Insights: Worldwide smart grid spending to reach $46.4B in 2015

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globally (compound annual growth rate (CAGR) for hardware, software and services) from 2010 to 2015 while overall spending will reach nearly $46.4 billion worldwide in 2015, according to a new report from IDC Energy Insights. The Asia/Pacific region is forecast to experience the most growth in spending with a five-year CAGR of 33.7%.

Insight 225
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Navigant: sales of light duty vehicles to total more than 2.1 billion from 2015 to 2035

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billion from 2015 to 2035. million vehicles in 2015 to 122.6 Navigant expects the vast majority of growth in the LDV market over the forecast period to come from developing countries in Asia Pacific, specifically China and India. Navigant forecasts global annual LDV sales to grow from 88.8 million in 2035.

2015 150
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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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The levelized cost of electricity analysis for H2 2015 shows onshore wind to be fully competitive against gas and coal in some parts of the world, while solar is closing the gap. The LCOE for combined-cycle gas turbine generation rose from $76 to $82 in the Americas, from $85 to $93 in Asia-Pacific and from $103 to $118 in EMEA.

Wind 150
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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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In the latter part of the Outlook, electric and plug-in hybrids (utilizing a gasoline engine and battery-powered motor) will begin to play a more significant role, making up around 10% of new car sales in 2040, or about 5% of the fleet. By about 2015, transportation demand in Asia Pacific will exceed that of North America.

Gasoline 383
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NUS researcher links air pollution to increased residential electricity demand

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The study, set in Singapore, suggests that better air quality will bring about climate co-benefits in reducing electricity generation via lower household demand, and thus mitigating carbon emissions. The findings showed that overall electricity demand grew by 1.1% measurements from the air-monitoring network. —Prof Salvo.

Pollution 275
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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040.

Energy 252