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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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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock.

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 COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. —Dr Fatih Birol, the IEA’s Executive Director. —Dr Birol.

Global 344
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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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A typical electric car requires six times the mineral inputs of a conventional car, and an onshore wind plant requires nine times more mineral resources than a similarly sized gas-fired power plant. Wind takes the lead, bolstered by material-intensive offshore wind. Source: IEA.

Supplies 248
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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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Solar and wind generation grew at double-digit pace, with solar alone increasing by 31%. Still, that was not fast enough to meet higher electricity demand around the world that also drove up coal use. Coal use in power generation alone surpassed 10 Gt, accounting for a third of the total increase. to 33 Gigatonnes (Gt) in 2018.

2018 207
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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% Coal was again the fastest growing fossil fuel with predictable consequences for carbon emissions; it now accounts for 30.3% globally, and 8.4%

Coal 261
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Tesla’s solar neighborhood in Austin could help TX learn if renewables are viable

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Easton Park is a 2,400-acre community southwest of Austin-Bergstrom International Airport, as per the Austin Business Journal. Tesla Energy takes a stand against coal and gas generators in Australia. In fact, Tesla recently took a stand against coal and gas generators in Australia. and Darca on the project.

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Northwestern/Princeton study explores air quality impacts of aggressive conversion to EVs

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Researchers from Northwestern University and Princeton University have explored the impact on US air quality from an aggressive conversion of internal combustion vehicles to battery-powered electric vehicles (EVs). coal, oil, natural gas, and biomass). Winter O 3 increases due to reduced loss via traffic NO x. Winter while PM 2.5