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

Green Car Congress

Energy investment is set to fall by one-fifth in 2020 due to the COVID-19 pandemic. At the start of 2020, global energy investment was on track for growth of around 2%, which would have been the largest annual rise in spending in six years. Global investment in oil and gas is expected to fall by almost one-third in 2020.

Global 344
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Are EVs Charged Mostly By Coal Power in the US?

EV Adoption

One of the common arguments you hear from people in America who are not fans of the idea of electric vehicles is that they are mostly charged from electricity produced from coal power plants. Heavy Coal Using States Accounted for Only 10% of EV Sales in 2020. of EV sales in 2020. of US EV sales in 2020.

Coal 145
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EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. —EIA Acting Administrator Stephen Nalley. EIA projects electricity generation to almost double in developing non-OECD countries by 2050.

Global 259
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Groupe Renault launching project to build biggest energy stationary storage system from EV batteries in Europe

Green Car Congress

Groupe Renault is launching its “Advanced Battery Storage” program, which aims to build the biggest energy stationary storage system using EV batteries yet designed in Europe by 2020 (power: 70 MW / energy: 60MWh). This high power combined with high capacity of our solution will allow to react efficiently to all major grid solicitations.

Europe 300
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Supreme Court curbs EPA authority to regulate CO2 from power plants

Green Car Congress

The issue here is whether restructuring the Nation’s overall mix of electricity generation, to transition from 38% coal to 27% coal by 2030, can be the “best system of emission reduction” within the meaning of Section 111. Under our precedents, this is a major questions case. . … For the reasons given, the answer is no. New York v.

EPA 321
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OPG, GE Hitachi to deploy small modular reactor at Darlington station in Canada

Green Car Congress

OPG and GE Hitachi will collaborate on the SMR engineering, design, planning, preparing the licencing and permitting materials, and performing site preparation activities, with the mutual goal of constructing Canada’s first commercial, grid-scale SMR, projected to be completed as early as 2028. GEH SMR Technologies Canada, Ltd.,

Canada 334
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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

Green Car Congress

by 2020, and 64% by 2050. The IEA said that this reflects the continued domination of fossil fuels—particularly coal—in the energy mix and the slow uptake of other, lower-carbon supply technologies. In order to hit 2020 2DS targets, sales need to increase by 50% each year. Source: IEA. Click to enlarge. tCO 2 /toe).

Carbon 265