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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.

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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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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

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3 Oil Majors That Bet Big On Renewables

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Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. ENI also says that its renewable projects will achieve an installed capacity of 3 GW in 2023 and 5 GW in 2025.

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ArcelorMittal Europe to produce “green steel” starting in 2020

Green Car Congress

The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: The use of hydrogen in DRI-EAF (Direct Reduced Iron - Electric Arc Furnace) and, also, the blast furnace. The expansion of its Smart Carbon route, also utilizing hydrogen.

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Australia Goes All-in on Green Hydrogen

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And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. The government elected last year passed the country’s first climate-action law in more than a decade. 150 GW of wind and solar generation—more than the total installed generating capacity of France. Yet many more are actually needed.

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Natural EV capitalism

Electric Auto Association

We need to go all out in building charging infrastructure and developing the workforce required to install and maintain it.” Martinson first became involved with American Resilience Project in 2018, not long after he completed the ASU executive master program. “My My first sustainability professor, Dr. Paul Hirt, became a close friend.

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How to Hasten India’s Transition Away From Coal

Cars That Think

For instance, just 8 percent of Indian homes had air-conditioning in 2018, but that share is. While electricity from older coal plants in India costs 2.7 As renewable energy has steadily gotten cheaper, the installed capacity has grown, to 110 gigawatts. For coal, the capacity utilization rate can go as high as 90 percent.

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