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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). But like trying to turn a massive oil tanker, it takes time.

Coal 243
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The World Energy Investment 2020 report’s assessment of trends so far this year is based on the latest available investment data and announcements by governments and companies as of mid-May, tracking of progress on individual projects, interviews with leading industry figures and investors, and the most recent analysis from across the IEA.

Global 344
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Ignite Energy Resources and TRUenergy Plan Direct Coal-to-Liquids and Coal Drying Demo Project for Supercritical Water Technology

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Ignite Energy Resources (IER), developer of a supercritical water technology, and TRUenergy have entered into a Memorandum of Understanding (MoU) to develop a commercial demonstration plant that will apply IER’s direct coal-to-oil and upgraded dry coal process to the brown coal at TRUenergy’s Yallourn mine in Australia.

Coal 150
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.

Obama 249
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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

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In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. According to the 12 th Five-Year Plan of the China Coal Industry (2011?2015)

Coal 231
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Genome Alberta Announces Funding for Genomics Project to Reduce Environmental Impact of Oil Sands Production

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Gerrit Voordouw at the University of Calgary, will sample and explore the biological processes at work in oil wells, oils sands, tailings ponds, and coal beds. BP and Synthetic Genomics will then seek to jointly commercialize the bioconversion of subsurface hydrocarbons into cleaner energy products. million (US$22.2

Oil-Sands 150
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

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In addition, President Obama issued a Presidential Memorandum creating an Interagency Task Force on Carbon Capture and Storage to develop a comprehensive and coordinated federal strategy to speed the development and deployment of advanced lower-emission coal technologies. per gallon.

Obama 218