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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5%

Renewable 150
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BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

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While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Global 150
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BP outlook: Energy demand grows as fuel mix continues to diversify; EVs in global car parc at 15% by 2040, but electric share of VMT at 30%

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The global energy mix is the most diverse the world has ever seen by 2040, with oil, gas, coal and non-fossil fuels each contributing around a quarter. Renewables are by far the fastest-growing fuel source, increasing five-fold and providing around 14% of primary energy. Oil and gas together account for over half of the world’s energy.

Global 170
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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. Low-carbon energy sources (renewables and nuclear) meet around 40% of the growth in primary energy demand. Nearly half of the net increase in electricity generation comes from renewables.

Oil 275
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SwRI, UTSA seek to combine reverse water-gas shift and Fischer Tropsch synthesis in single reactor to produce low-carbon hydrocarbon fuels

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Southwest Research Institute and The University of Texas at San Antonio (USTA) are collaborating to combine two catalytic processes into a single reactor, with the overall goal of recycling carbon from COCO 2 2 to produce low-cost hydrocarbon fuels.

Water 186
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. Graham recently declared, “ Economy-wide cap-and-trade is dead. ” Reduced Output.

Gas 244