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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. Global energy investment totalled more than US$1.8

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Global warming emissions hit record level in 2018, IEA reports

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The International Energy Agency reported on Tuesday that global warming emissions reached a record level in 2018, despite efforts in the U.S., Greenhouse gas emissions increased faster in 2018 than during any of the past six years. Europe, and China to reduce emissions with more sales of electric cars and cleaner power.

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Amogy presents retrofitted 2018 Freightliner Cascadia powered by ammonia-to-power system

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Beyond its incredible energy-density and liquid phase at an ambient temperature, ammonia is an optimal fuel to achieve rapid decarbonization of heavy transportations because it is available globally with existing infrastructure already in place. —Seonghoon Woo, CEO at Amogy.

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Global study shows uneven urbanization among large cities in the last two decades

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According to the latest report from the United Nations (UN), the global population in 2018 was 7.6 By 2050, the global population is expected to soar to 9.7 The country had undergone the biggest urban expansion in the period, between 2001 and 2018, its BUA increase accounted for 47.5% of the total expansion in the world.

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Hyundai Motor Group’s connected car services reach 10M global service subscribers

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Hyundai Motor Group surpassed 10 million global connected car service subscribers this month. The Group introduced the first connected car services in Korea in 2003 and has since expanded the services to the global market. As the global market for the services expand, the number of overseas subscribers is growing faster than in Korea.

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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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last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. As a result, global energy-related CO 2 emissions rose by 1.7% to 33 Gigatonnes (Gt) in 2018. Energy demand worldwide grew by 2.3%

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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. 2018 recorded an overall growth in oil production of 2.5 WTI, the US light crude, covers 60% of global growth. Global oil demand grew by 1.4%, slightly lower than in 2017 (+1.6%) in a context of increasing oil prices.