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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 report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles.

Renewable 150
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Brent oil prices were on average 40% higher than 2010 and exceeded $100 a barrel for the first time ever; at $111.26/bbl,

Coal 261
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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

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” also sees steady adoption of on-shore wind and electric vehicle technologies, but suggests that off-shore wind and carbon capture and sequestration look likely to fade or decline. For some alternative-energy industries—CCS and off shore wind, for example—real competitiveness is still a distant probability.

Solar 295
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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Previously, the executives have pointed to wind and solar as the main investment choices, but this year we have seen a shift. Alternative energy sources.

Oil 225
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Global CO2 emissions up 3% in 2011; per capita CO2 emissions in China reach EU levels

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savings stimulated by high oil prices led to a decrease of 3% in CO 2 emissions in the European Union and of 2% in both the United States and Japan. tonnes per capita, despite a decline due to the recession in 2008-2009, high oil prices and an increased share of natural gas. tonnes per capita. in 2011.

2011 236
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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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Adam Brandt and his colleagues used historical relationships to project future demand for (a) transport services; (b) all liquid fuels; and (c) substitution with alternative energy carriers, including electricity. Their results showed great increases in passenger and freight transport activity, but less reliance on oil.

Oil 207
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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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The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Nearly half of the net increase in electricity generation comes from renewables. billion people in the world without access to electricity and one-quarter of the 2.6

Oil 275