Remove Asia Remove Cost Of Remove Economy Remove Global
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243
article thumbnail

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
article thumbnail

SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

Green hydrogen and green ammonia co-firing are gaining attention as an eco-friendly and relatively low cost solutions for existing thermal power plants that can significantly reduce greenhouse gas emissions. In addition, PEM electrolyzers are known for high energy density and moderate cost of maintenance. million tons in 2030 and 27.9

Green 284
article thumbnail

BNEF: net-zero road transport by 2050 still possible, but big push needed

Green Car Congress

Most of this is from electric two- and three-wheelers in Asia, but rising passenger EV sales push this to 2.5 Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. That’s up from 16 million at the end of 2021. Last ICE in 2038.

article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The OECD represents the developed economies.

Energy 252
article thumbnail

Navigant forecasts global sales of LDV electric drive motors to hit 3.7M by 2020

Green Car Congress

Total global market revenue will grow from just less than $1 billion in 2013 to more than $2.8 Cost remains the main barrier in the short term, with the battery pack being by far the most expensive component. Unit sales of electric drive motors for light-duty vehicles (LDVs) will reach 3.7 million by 2020, growing from 1.5

2020 261