Remove 2017 Remove China Remove Coal Remove Wind
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock.

Coal 243
article thumbnail

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
article thumbnail

IBM Research launches 10y project to support China in transforming national energy systems; “Green Horizon”

Green Car Congress

IBM Research is launching a 10-year project to support China in transforming its national energy systems and protecting the health of citizens. China has made great achievements and contributed much to the world’s economic growth over the past 30 years. Chien, Chairman and CEO, IBM Greater China Group. —D.C.

China 275
article thumbnail

Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

growth in 2017. The decline of coal use in the European Union and United States is overshadowed by surging natural gas and oil use around the world, according to the researchers. and China account for more than half of all carbon dioxide emissions globally. In 2019, consumption of coal is expected to drop 11% in the U.S.—down

Carbon 195
article thumbnail

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

Green Car Congress

This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The decline was driven by a surge in shale gas supplies and more attractive renewable power that displaced coal.

Economy 199
article thumbnail

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

Green Car Congress

Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

2018 191
article thumbnail

Mad Power thoughts

EV Info

Wind farms stand idle for days on end, a fire interrupts a vital cable from France, a combination of post-Covid economic recovery and Russia tightening supply means the gas price has shot through the roof – and so the market price of both home heating and electricity is rocketing. Energy Solutions.

Power 52