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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. The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. Coal emerges as the biggest loser in the long run. NEO 2018 sees $11.5

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Start-up commercializing NC State technology for drop-in biofuels; full commercial production targeted for 2016

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According to Red Wolf, the process produces low levels of CO 2 relative to processes such as Fischer-Tropsch and coal liquefaction for the production of synthetic hydrocarbon fuels. This hydrogen becomes part of the fuel molecule, increasing the energy density of the fuel.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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UK launches new $1.6B commercialization program for Carbon Capture and Storage (CCS) and first UK CCS Roadmap; making a play for global leadership

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According to DECC, without government intervention, the processes that will ultimately drive down the cost of CCS to a level where the risks come within commercial norms are unlikely to enable commercially deployed CCS to contribute to decarbonization of the UK’s power and industrial sectors in the 2020s and beyond.

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Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

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However, although the state has made considerable progress decoupling economic growth from greenhouse gas (GHG) emissions, the rate of emissions decline appears to be slowing, due in part to a spike in transportation emissions attributed to an increase from light-duty vehicles. below their 2006 levels. from 2014.

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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. Most growth in energy demand will occur in developing nations that are not part of the Organization for Economic Co-operation and Development (OECD).

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Obama Administration Announces $8.33B in Loan Guarantees for New Nuclear Power Reactors in Georgia; First New US Nuclear Power Plant Project in Nearly 3 Decades

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As one part of the conditional loan guarantee deal, the US Nuclear Regulatory Commission (NRC) must determine if the AP1000 fulfills the regulatory requirements for a construction and operating license. Total cost of the new units is currently projected to be approximately $14 billion.

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