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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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in 2019 based on preliminary energy and economic data. This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. All told, net US GHG emissions ended 2019 slightly higher than at the end of 2016. Coal-driven decline.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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million barrels per day set in 2019. Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1%

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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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Ørsted and partners secure funding for H2RES project; offshore wind power to produce renewable hydrogen for road transport

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million (US$5 million) for the H2RES project from EUDP’s second 2019 call for applications. The plant will use electricity from offshore wind turbines to produce renewable hydrogen for buses, trucks and potentially taxis. However, renewable hydrogen is currently more expensive than hydrogen produced from gas or coal.

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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. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer. gal on 22 March.

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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). NEO starts by analyzing technology trends and fuel prices to build a least cost view of the changing electricity sector.

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