Remove 2016 Remove Climate Change Remove Market Remove Stimulus
article thumbnail

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

Green Car Congress

to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data. for oil, 1.1%

Global 221
article thumbnail

Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 The potential markets are huge. billion in 2011 to $185.3 billion by 2021.

Global 225
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

The Paris Agreement reflected an unprecedented international determination to act on climate. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations. Around US$3.5 trillion in 2015.

Renewable 199
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. These three leading international energy markets illustrate how progress is being made in other major energy-intensive nations, but they are not alone. mpg by 2016. ” A very clear, time-bound, one nation goal.

Renewable 220
article thumbnail

Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

Green Car Congress

This level is still below the state’s first climate milestone (2020’s AB 32 goal, met four years early in 2016) of reducing to 431 MMTCO 2 e below 1990 levels. Private sector investment can also drive green stimulus. Key findings of this year’s California Green Innovation Index include: Total emissions rose 0.83