article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. 2022) “Global Carbon Budget 2022”, Earth Syst. to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets.

Global 221
article thumbnail

ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Emissions would exceed transport’s carbon budget more than three times. This would require: Putting in place ambitious low-carbon policies now; Reinforcing positive behavioral changes caused by the pandemic; and. Gearing stimulus packages towards decarbonization. Sustainable mobility is only possible with clean energy.

article thumbnail

Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

C temperature rise along the net zero carbon trajectory. Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimulus packages enacted in several countries during the pandemic, global oil demand may not peak before 2030.

Oil 259
article thumbnail

LSE report calls for global investment of an additional $3T each year to drive economic recovery and transformation

Green Car Congress

It recommends that these should be a central part of the recovery packages of the G7 countries, which together should increase their annual investment by 2% of GDP, or $1 trillion, compared to pre-pandemic levels. The report highlights the potential for investments in zero-emissions energy and transport to create new jobs and economic growth.

Global 170
article thumbnail

Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

Green Car Congress

in 2009, the first decrease recorded this decade, according to an addendum to an earlier study outlining a method for updating global fossil fuel carbon dioxide emissions published in the journal Environmental Research Letters. Global CO 2 emissions decreased 1.3% The decrease in emissions follow the decrease in the global economy.

article thumbnail

A hydrogen-powered electric truck is being built by Adani in partnership with Ashok Leyland and Ballard

Electric Vehicles India

This substance is called green hydrogen if it is produced by an electrolyzer that runs on renewable energy. The Adani Group, led by Asia’s richest man Gautam Adani, plans to invest in green hydrogen and related ecosystems. He anticipates a capacity of up to 3 million tons of green hydrogen per year over the next decade.

article thumbnail

World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

Green Car Congress

In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy. ”. Four key enablers for a shift to clean energy will be energy efficiency, smart grids, energy storage, and carbon capture and storage. Green Investing: Towards a Clean Energy Infrastructure

Green 150