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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. The G7 – Canada, France, Germany, Italy, Japan, the UK, and the US, plus the EU – are meeting in Turin, Italy. The problem is that whilst coal power has already been falling, gas power has not.

Coal 52
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10

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Canada Pays $85 Billion Higher Social Carbon Price Than Oil & Gas Revenues

CleanTechnica EVs

Our children and their children and their children's children will be paying that price.

Price 89
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Hydro-Québec will support the clean hydrogen sector in Québec

Green Car Congress

Decarbonizing the economy to reduce greenhouse gas (GHG) emissions is one of the company’s priorities. In addition to having access to Québec’s vast water resources to generate green, renewable power at competitive prices, Hydro-Québec has everything it needs to support the development of green hydrogen. Renewable natural gas.

Hydrogen 243
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT.

MIT 240
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Canada’s First Ministers release Pan-Canadian Framework on Clean Growth and Climate Change

Green Car Congress

Canada’s First Ministers (The Prime Minister of Canada and the provincial and territorial premiers) issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and Climate Change following the First Ministers’ Meeting. We will position Canada to contribute to global solutions that can be exported to the world.

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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

Greenhouse gas (GHG) emission standards and CAFE standards increase new LDV fuel economy through model year 2025 and beyond, with more fuel-efficient new vehicles gradually replacing older vehicles on the road and raising the fuel efficiency of the LDV stock by an average of 2.0% per year, from 21.5 l/100 km) in 2012 to 37.2

Oil 290