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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36

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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.

Emissions 273
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CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

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DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The fuel burns to produce intense temperature and pressure in the engine, which provides highly efficient power to turn electrical generators.

Coal 257
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EIA projects increases in global energy consumption and emissions through 2050

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If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth. EIA projects electricity generation to almost double in developing non-OECD countries by 2050. —EIA Acting Administrator Stephen Nalley.

Global 259
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GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

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GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). Traditionally, carbon capture for gas-fired turbine plants relied on government subsidies and advanced technology research.

Oil 220
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Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

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This long-term growth is expected to be propelled by improving vehicle technology economics—a function of battery innovations, government transportation energy policies, oil price projections, and movements to price carbon. —Scott Shepard, senior research analyst with Navigant Research.

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Will electric cars cause oil price to crash? Navigant says no

Green Car Reports

As electric cars become more widespread, they have the potential to drastically reduce the need for oil. That will lead to reduced transportation-related carbon emissions and lower costs for consumers, but what affect will it have on the oil industry? This question has sparked a bit of debate among analysts.

Oil 60