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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia.

Asia 220
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5 Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. million barrels per day by 2025.

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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. gigatonnes last year, the same as the previous two years, while the global economy grew 3.1%, according to estimates from the IEA.

Economy 199
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INFINITI to build five new models in China and electrify its portfolio

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Ahead of Beijing International Motor Show, INFINITI announced it will build five new vehicles in China in the next five years, beginning with the all new QX50 SUV, and electrify its portfolio ( earlier post ). In Beijing, INFINITI will unveil its all-new INFINITI QX50 premium SUV for the first time in Asia. Earlier post.)

Infinity 186
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Roskill is an international metals and minerals market research firm. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%. Source: Roskill. Click to enlarge.

Market 296
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Hydro fully acquires Sapa to create a global aluminum company fully integrated across value chain and markets

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Anticipated closing of the transaction is in the second half of 2017. Sapa will enable us to assume global leadership, establish a platform for growth, and provide responsible operations and sustainable solutions for the future low-carbon economy.” The transaction gives Sapa a total enterprise value of NOK 27 billion (US$3.24

Global 150
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218