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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Global EV sales more than doubled in 2021 vs. 2020, tripled vs. 2019

Green Car Reports

Global EV sales took a giant leap in both volume and market share in 2021, according to a new report from the International Energy Agency (IEA). million plug-in vehicles in 2021, more than double the 3 million sold in 2020, and more than triple the 2.2 Automakers sold 6.6 million sold in 2019, according to the IEA.

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Mercedes-Benz Cars tripled global sales of xEVs in 2020; 7.4% of sales

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Mercedes-Benz experienced a sharp increase in xEV deliveries in 2020, with more than 160,000 plug-in hybrids and all-electric vehicles sold worldwide (+228.8%), including about 87,000 units in the fourth quarter alone. Our internal forecasts for 2020 indicate that we will have achieved the European CO 2 targets for passenger cars last year.

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Report: CCS capacity increased 33% in 2020

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Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. Source: 2020 Global Status on CCS. 2020 saw increased ambition and support for CCS in Europe as well.

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Study finds global emissions of several banned ozone-destroying CFCs are increasing

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Combined, their emissions are equal to the CO 2 emissions in 2020 for a smaller developed country like Switzerland. However, the international treaty didn’t eliminate the creation of CFCs during production of other chemicals including hydrofluorocarbons or HFCs, which were developed as second-generation replacements for CFCs.

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

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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.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% The decline in 2020 of -5.2%

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