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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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Renewables to overtake coal as largest global electricity source in 2025

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During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Last year, China commissioned as much solar PV as the entire world did in 2022, while the country’s wind power increased 66 percent year over year.

Coal 124
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The results show there is no realistic pathway to full decarbonization of internal combustion engine vehicles, and that only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways. Natural gas does not offer climate benefits compared to gasoline and diesel, and many biofuel pathways do not, either.

Hydrogen 418
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MIT study concludes that absent climate policy, coal-to-liquids could account for around a third of global liquid fuels by 2050

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The top graph depicts CTL in a no policy scenario; the bottom graph, for CTL in a world climate policy scenario. However, the viability of CTL becomes quite limited in regions with climate policy due to the high conversion cost and huge carbon footprint. Credit: Chen et al., 2011 Click to enlarge. of global electricity demand.

Coal 247
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Rio Tinto, China Baowu, Tsinghua U sign MOU to explore improving environmental performance across steel value chain

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Rio Tinto, one of the world’s largest iron ore producers, signed a Memorandum of Understanding (MOU) with China Baowu Steel Group (China’s largest steel producer) and Tsinghua University to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain.

China 170
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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

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In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. According to the 12 th Five-Year Plan of the China Coal Industry (2011? While the increases in PM 10 and PM 2.5

Coal 231
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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. CO 2 emissions from coal use are expected to grow 1.0% [0.2% The decline in 2020 of -5.2% increase in 2021. to 0.4%).

Global 221