Remove Buy Remove Coal Remove Oil Remove Oil Prices
article thumbnail

IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

China continued to implement policies designed to shift households and businesses from coal to gas boilers, mainly for air quality reasons. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% In 2018, higher oil prices helped dampen demand for road transport fuels.

Global 150
article thumbnail

IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

Green Car Congress

The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

Global 225
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

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. of Cape Wind output; National Grid had agreed to buy 50%.

Renewable 150
article thumbnail

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Renewables That Even Coal-Based Utilities Can Love. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Instead they could buy back electricity at peak hours from vehicle drivers. No more Big OIL - think of the extra money stimulating the economy! Remember its PURE D.C. Email Neal.

Grid 28
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

Then Mr. Wang, as he’s known, got into the automobile business by buying a failing state-owned carmaker. That track record—and that potential—is what persuaded Warren Buffett’s company, Berkshire Hathaway, to buy 10% of BYD last fall for $230 million. This could turn out to be one of Buffett’s very best deals.

Chinese 28