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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. In the U.S.,

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

Green Car Congress

The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. The battery storage sector is particularly sensitive to commodity price volatility.

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BNEF report finds hydrogen promising decarbonization pathway, but carbon prices and emissions policies required

Green Car Congress

This is equivalent to gas priced at $6-12/MMBtu, making it competitive with current natural gas prices in Brazil, China, India, Germany and Scandinavia on an energy-equivalent basis. Heavy trucks could also be cheaper to run on hydrogen than diesel by 2031, although batteries remain a cheaper solution for cars, buses and light trucks.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. What’s more, the next five years will see the fastest growth yet.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. In 2040, natural gas accounts for 35% of total electricity generation, while coal accounts for 32%.

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List of The Best 10 Alternative Fuels for Cars that Could Replace Gasoline

Get Electric Vehicle

It is a liquid alcohol fuel produced from a variety of feedstocks, including natural gas, coal, biomass, or even carbon dioxide. Ethanol blended fuels are widely used in Brazil, the United States, and Europe. The pure battery-electric vehicle uses only electricity as the source of energy and they do not emit any gases.

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What is Electrification of Transportation?

Driivz

In Norway , which is the world leader in renewable energy use, 45% of electricity comes from hydropower, while Brazil in second place gets 32% of its total energy supply from biofuel and waste energy. These advances, along with bigger and better battery technologies, will help longer-distance and longer-time use cases for EV trucks and buses.