Remove 2018 Remove Clean Remove Coal Remove Grid
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. thousand in 2017.

Coal 243
article thumbnail

UCSD study: under current policies, home energy storage would often increase carbon emissions

Green Car Congress

If residents use these systems to reduce their electricity bills, the batteries would draw energy from the grid when it is cheapest. And because utilities don’t structure how much they charge with the goal of lowering emissions, the cheapest power more often comes from power sources that emit carbon, such as coal. 8b03834.

article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. LNG imports reached 482 billion cubic meters in 2019, up 13% from 2018, and while this figure is expected to fall by around 4.2%

Gas 243
article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). A proposal for existing plants is due in 2014, with targeted file rule in 2015.

Obama 249
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. Of the $18B that the supermajors plan to invest in clean energy over the next five years, more than half will come from Norwegian state-owned multinational energy company, Equinor ASA ‘s (NYSE:EQNR) coffers.

Oil 418
article thumbnail

EPA releases final Clean Power Plan; 32% reduction in CO2 from power plants by 2030

Green Car Congress

The US Environmental Protection Agency (EPA) has released the final Clean Power Plan (CPP). Under the Clean Power Plan, by 2030, renewables will account for 28% of national capacity, up from 22% in the proposed rule. Final complete state plans must be submitted no later than 6 September 2018. Earlier post.).

EPA 150
article thumbnail

Australia Goes All-in on Green Hydrogen

Cars That Think

And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. And green hydrogen is the centerpiece of its clean-economy growth plan. Ark Energy’s project is part of a clean-energy blitz in Australia by its parent company, Seoul-based metal-refining giant Korea Zinc. Why a hydrogen truck?

Australia 145