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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

Global 448
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Cirium: 21 years of airline passenger traffic growth wiped out in 2020

Green Car Congress

Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. In comparison to last year, passenger traffic is estimated to be down 67% in 2020. This marks an extraordinary 86% reduction in flights. Flights flown plunge.

2020 269
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EVs predicted to gain market share, despite 18% sales drop in 2020

Green Car Reports

Electric-car sales will decrease in 2020 due to the global coronavirus pandemic, but not as much as sales of internal-combustion vehicles. That's among the top-level predictions from an annual Bloomberg New Energy Finance report released Wednesday.

2020 173
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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.

Global 344
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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

Green Car Congress

million barrels per day (MMb/d) of global refinery capacity once fully operational. In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The scheduled expansions follow a period of reduced global refining capacity. million b/d in 2023.

Asia 418
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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

Climate 349
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

Green Car Congress

The report finds that annual investments in nature-based solutions (NbS) will have to triple by 2030 and increase four-fold by 2050 from the current investments of $133 billion (using 2020 as base year). The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions.

Financing 296