article thumbnail

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

Green Car Congress

The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. million b/d from March 2020. million b/d from 2020. MMBtu in 2020 to $3.31/MMBtu gal last summer. million b/d.

2019 186
article thumbnail

California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

These proposed projects throughout the state include solar, wind, geothermal, biomass and small hydro facilities and will help move California towards achieving the renewable energy goal of 33% by 2020. Currently California facilities produce just more than 8,000 MW of renewable energy annually.

Renewable 264
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

In France, renewable energy consumption will be 20 percent by 2020. In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon. Source: EIA. Source: EIA.

Renewable 220
article thumbnail

Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. This means that we will need 3x more battery capacity investments to meet 2020 EV demand. Earlier post.). Electric grids require balance in order to function properly.

article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. China was the only major economy that grew in 2020.

Emissions 433
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Cap and Trade Disappointment.

Financing 150
article thumbnail

A New Wildfire Watchdog

Cars That Think

In the case of the 2017 Tubbs Fire, the 2018 Camp Fire, and the 2020 August Complex Fires, high winds blasted flames through populated areas in the early morning hours while residents were sleeping. Once the stimulus is removed, the metal finger reverts to its original shape and the switch opens. A resident of Vacaville, Calif.,