Remove 2018 Remove Coal Remove Market Remove Renewable
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

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. 1 Equinor.

Oil 418
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

Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

Green Car Congress

While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

Renewable 419
article thumbnail

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

Green Car Congress

Still, that was not fast enough to meet higher electricity demand around the world that also drove up coal use. to 33 Gigatonnes (Gt) in 2018. Coal use in power generation alone surpassed 10 Gt, accounting for a third of the total increase. Most of that came from a young fleet of coal power plants in developing Asia.

2018 207
article thumbnail

Norwegian startup Blastr plans €4B green steel plant in Finland

Green Car Congress

Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. Green steel will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. tonnes of CO₂.

Finland 437
article thumbnail

EPA GHG Inventory shows US GHG down 1.7% y-o-y in 2019, down 13% from 2005

Green Car Congress

Total GHG emissions decreased from 2018 to 2019 by 1.7% (after accounting for sequestration from the land sector). from 2018 to 2019, and CO 2 emissions just from fossil fuel combustion decreased 2.7% from 2018 to 2019. CO 2 emissions decreased 2.2% Total GHG emissions in 2019 were up 1.8% over the same period.

2005 418