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

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. thousand terawatt-hours in 2018, up from 6.4

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Huge Tesla Megapack project breaks ground in Queensland

Teslarati

Another Tesla Megapack project in Australia has broken ground, set to replace a former coal plant as part of a sustainable energy hub in Queensland. Now, we’ve started converting it into one of the state’s first Clean Energy Hubs,” said Mick de Brenni, Queensland Minister for Energy and Clean Economy Jobs.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. The Administration will also seek to expand bilateral cooperation with major emerging economies.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions. It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers. —Dr Birol.

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GE and Shenhua form coal gasification JV in China

Green Car Congress

GE and Shenhua have agreed to form an industrial coal gasification joint venture to advance the deployment of “cleaner coal” technology solutions in China. The new company combines GE’s expertise in industrial gasification technologies with Shenhua’s expertise in coal gasification and coal-fired power generation.

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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

The new findings come from the IEA’s annual update on global energy-related CO2 emissions and the just-released inaugural edition of the IEA’s new series , the Clean Energy Market Monitor, which will track clean energy deployment and broadly outline the implications for global energy markets. billion tonnes.

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UK government launches new clean air strategy; ending sales of conventional diesel and gasoline LDVs by 2040

Green Car Congress

UK Environment Secretary Michael Gove published a new Clean Air Strategy to cut air pollution backed up through new primary legislation. This is why today we are launching this clean air strategy, backed up with new primary legislation. Cleaner fuels and stoves produce less smoke, less soot and more heat. billion (US$4.7-billion)

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