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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. More frequent boom-bust cycles will harm consumers and producers recovering from COVID, set back UN Climate and Sustainable Development goals and threaten global security. Investment slumped by 30% in 2020.

Price 416
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HEI study links fossil fuel combustion with more than 1 million deaths globally

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Coal combustion alone was responsible for half of those deaths, with natural gas and oil combustion accounting for the other half. The burning of solid biofuels, such as wood for indoor heating and cooking, is another major source of PM 2.5 , accounting for an additional 740,000 deaths, especially across South Asia and Sub-Saharan Africa.

Global 472
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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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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. 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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BASF co-locates battery materials plant and recycling center in Schwarzheide

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The project also highlights the ongoing transformation: Here, where coal was long liquefied into gasoline, the active material for EV batteries will be produced from now on. We are happy to support this transformation with IPCEI funding.

Batteries 195
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Study finds shifts to renewable energy can drive up energy poverty

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Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee. —Julius McGee. 2019.05.024.

Renewable 292
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Test of Planet-Cooling Scheme Could Start in 2022

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This question of whether climate change becomes so bad that we have to do something to dull its impacts and reduce human suffering is a very big one,” says Keutsch, an atmospheric chemist. There were nearly 40 million such flights in 2019. climate scientist Michael E. Research takes a long time. cancel the launch. Mann has said.

Ozone 118
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. This scenario assumes a full global consensus for action on climate change. The result is a win–win for climate and security.

Carbon 207