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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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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. NEO 2018 sees $11.5 NEO 2018 sees $11.5

Wind 220
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Norwegian startup Blastr plans €4B green steel plant in Finland

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

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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
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050.

Wind 207
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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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. Further, natural gas can be used to keep the power grid stable as solar and wind power fluctuate. 2 Total SA.

Oil 418
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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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% MMbtu in Russia, $8.7/MMbtu

Gas 243
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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over 2018 emissions. 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. Although still a major factor in global emissions, coal has taken a hit, with global usage down 0.9% That compares to 2.1% growth in 2017.

Carbon 195