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

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Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China. Solar and wind generation grew at double-digit pace, with solar alone increasing by 31%. to 33 Gigatonnes (Gt) in 2018.

2018 207
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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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This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s.

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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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SMUD Board of Directors adopts climate emergency declaration; carbon neutrality by 2030

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The SMUD (2020 Sacramento Municipal Utility District) Board of Directors adopted a climate emergency declaration that commits to working toward an ambitious goal of delivering carbon-neutral electricity by 2030. Furthermore, SMUD has reduced the carbon intensity of its power mix, which is now 50% carbon-free on average.

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As states continue to use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. Natural gas. This brief study analyzes, for each individual state, the changes from 2018 to 2020 in the use of coal (one of the two most polluting energy sources) to generate electricity. Geothermal.

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2018, the only annual increase in the past five years. The changes in US energy-related CO 2 emissions in 2019 offset the increase in 2018. Nearly all of the change in CO 2 emissions in 2019 arose in the electric power sector. Total net electricity generation fell by 1.5% CO 2 emissions had increased by 2.9%

2019 273