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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

While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). But like trying to turn a massive oil tanker, it takes time.

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

Baua Electric

Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s. It was a combination of strong renewables deployment, coal-to-gas switching, energy efficiency improvements, and softer industrial production that drove the decline in advanced economies’ emissions, reports the IEA.

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

Green Car Congress

Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. Global investment in oil and gas is expected to fall by almost one-third in 2020. At the same time, many national oil companies are now desperately short of funding.

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ExxonMobil to invest >$1B in Antwerp refinery to convert heavy, higher sulfur residual oil into diesel, other products

Green Car Congress

plans to invest more than $1 billion to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel. The investment addresses an industry shortfall in capability to convert fuel oil to products such as diesel.

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5 Great Reasons Why Solar Installers Are Choosing To Add EV Charging

EV Connect

Alternative and renewable forms of energy help push the power industry toward a cleaner, more sustainable future. Let’s take a look at how this technology benefits customers and installers alike. Solar installers can show data-driven evidence that in pretty much everywhere in the U.S., What Is Solar EV Charging?

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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

Green Car Congress

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?2015)

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Air Products heralds successful operation of project to capture CO2 from hydrogen production for use in enhanced oil recovery

Green Car Congress

Air Products heralded the successful operation of a US Department of Energy (DOE) demonstration project that will capture approximately one million tons of carbon dioxide (CO 2 ) from hydrogen production for use in an enhanced oil recovery project in which DOE anticipates an additional estimated 1.6-3.1

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