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

Green Car Congress

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

Global 221
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers. Companies with weakened balance sheets and more uncertain demand outlooks are cutting back on investment while projects are also being hampered by lockdowns and disrupted supply chains.

Global 344
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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

Green Car Congress

The global energy supply became 6% cleaner from 1971 to 1990,in response to the oil shocks of the 1970s. In 1990 the underlying carbon intensity of supply was 57.1 The world must slow the growth of energy demand as well as make its energy supply cleaner, the IEA said. tCO 2 /TJ (2.39 tCO 2 /toe); in 2010 it was 56.7

Carbon 265
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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

In terms of investment in innovation for cleaner energy, the plan calls for: Investment in advanced fossil energy projects. In addition, the President has directed his Administration to purchase cleaner alternatives to HFCs whenever feasible and transition over time to equipment that uses safer and more sustainable alternatives.

Obama 249
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Australian Government establishes A$300M fund to support hydrogen projects

Green Car Congress

CEFC finance for the hydrogen sector has the potential to deliver significant benefits: Drive large-scale deployment of electrolyzer technologies, leading to technology cost reductions, improved supply chain expertise, increased industry expertise and offtake opportunities. Other projects that assist in building domestic demand for hydrogen.

Hydrogen 286
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

In addition, President Obama issued a Presidential Memorandum creating an Interagency Task Force on Carbon Capture and Storage to develop a comprehensive and coordinated federal strategy to speed the development and deployment of advanced lower-emission coal technologies. per gallon.

Obama 218
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BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

Green Car Congress

While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Fuel 150