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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

Oil 418
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California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

Green Car Congress

In 2017, emissions from GHG emitting activities statewide were 424 million metric tons of CO 2 equivalent (MMTCO 2 e), 5 MMTCO 2 e lower than 2016 levels and 7 MMTCO 2 e below the 2020 GHG Limit of 431 MMTCO 2 e. Compared to 2016, California’s GDP grew 3.6% It does not include emissions from petroleum refineries and oil production.

2017 230
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LLNL’s Energy Flow Diagrams Show That The US Isn’t Moving The Needle On Climate Action

CleanTechnica EVs

In 7 years of electrification and deployment of wind and solar, the US barely budged the needle, in fact declining slightly to more wasted energy in 2016 and 2017 before improving again in 2018 and onward.

Energy 137
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Carbon emissions in port of Rotterdam drop more swiftly than national average

Green Car Congress

In the period 2016-2020, the port of Rotterdam reduced its total carbon emissions by 27%. While a share of this reduction can be attributed to lower power consumption, this is mainly due to a substantial (more than 40%), nationwide increase in the generation of electricity from renewable sources (solar, wind and biomass).

Carbon 259
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California ARB: GHG emissions fell below 1990 levels for first time in 2016; down 13% from 2004 peak; transportation emissions up 2%

Green Car Congress

The California Air Resources Board (CARB) announced that greenhouse gas emissions in California in 2016 fell below 1990 levels for the first time since emissions peaked in 2004—a reduction roughly equivalent to taking 12 million cars off the road or saving 6 billion gallons of gasoline a year.

2004 225
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

Green Car Congress

CO 2 emissions from the residential and commercial sectors (associated with natural gas and distillate fuel oil consumption, for example) were nearly unchanged from 2018, and the increase in industrial sector CO 2 emissions (+8 MMmt) partially offset a decrease in transportation sector CO 2 emissions (-13 MMmt).

2019 273
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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

Green Car Congress

Solar and wind generation grew at double-digit pace, with solar alone increasing by 31%. The Global Energy & CO 2 Status Report provides a high-level and up-to-date view of energy markets, including latest available data for oil, natural gas, coal, wind, solar, nuclear power, electricity, and energy efficiency.

2018 207