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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. —Dr Fatih Birol, the IEA’s Executive Director.

Global 344
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London study suggests PHEV vans a practical, accessible solution for cleaner air in European cities

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Three months since the introduction of the Ultra-Low Emissions Zone (ULEZ) in London, results of a year-long trial in the capital suggest that plug-in hybrid electric (PHEV) commercial vehicles could present the most practical, readily available option for businesses trying to meet clean-air targets in cities. million (US$5.9-million)

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Volvo Trucks to demonstrate Volvo VNR electric trucks in California in 2019; commercialize in NA in 2020

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Volvo Trucks will introduce all-electric Volvo VNR regional-haul demonstrators in California next year, operating in distribution, regional-haul and drayage operations. Sales of the VNR Electric in North America will begin in 2020. Sister company Volvo Buses has sold more than 4,000 electrified buses since 2010.

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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.

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CARB approves 2022 Scoping Plan; aggressive targets for reductions in petroleum use, air pollution and greeenhouse gas emissions

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The California Air Resources Board last week approved the final proposed 2022 Scoping Plan ( earlier post ), a roadmap to reduce demand for petroleum by 94%, cut air pollution by 71%, reduce greenhouse gas emissions 85%, and reach carbon neutrality by 2045. Fuels: the energy source used to power vehicles and the facilities that produce them.

Pollution 304
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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

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EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix.

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New study shows a rapid increase of diesel-fueled backup generators across California

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New research by economic and public policy consulting group M.Cubed finds a proliferation of backup generators across California, with nearly 90% being diesel-fueled, posing significant obstacles to achieving greenhouse gas reduction targets and driving nearly $136 million in annual health costs. Source: Bloom Energy.

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