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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Change in CO 2 emissions by fossil fuel, relative to 2019 levels, 2019-2021. In 2021 alone, China’s CO 2 emissions rose above 11.9

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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According to EIA’s January Short-Term Energy Outlook (STEO) , global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first time since 2019, then average more than 102 million barrels per day in 2024. Areas of uncertainty include Russian oil supply and OPEC production.

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BNEF: cost of new renewables rises as inflation starts to bite

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The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. In 2040, natural gas accounts for 35% of total electricity generation, while coal accounts for 32%.

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IEA: global carbon dioxide emissions have rebounded strongly

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After hitting a low in April, global emissions rebounded strongly and rose above 2019 levels in December. If governments don’t move quickly with the right energy policies, this could put at risk the world’s historic opportunity to make 2019 the definitive peak in global emissions. China was the only major economy that grew in 2020.

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12 Exciting Engineering Milestones to Look for in 2022

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Utility company Energias de Portugal (EDP), based in Lisbon, is on track to begin operating a 3-megawatt green hydrogen plant in Brazil by the end of the year. The plant will replace an existing coal-fired plant and generate hydrogen—which can be used in fuel cells—using solar photovoltaics. percent of hydrogen is produced this way.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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million barrels per day (bpd) in 2019, up from less than 6 million bpd in 2011. World liquids consumption grows from 88 million bpd in 2011 to 113 million bpd in 2040, driven by demand in China, India, Brazil, and other developing economies. Domestic oil production will rise to 7.5

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