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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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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). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Study finds climate impact of hydropower varies widely

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The team found that hydropower emissions on average were far greater and thus worse for the climate than emissions from nuclear, solar and wind power installations, but better for the climate than emissions from coal and natural gas utilities. —Ocko and Hamburg (2019). Ocko and Steven P. 9b05083.

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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. As we have pointed above, ENI has the most ambitious climate change pledge with plans to lower its greenhouse gas emissions by 80% by 2050.

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

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In a fairly bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) concluded that, despite a few bright spots such as the rapid expansion of renewable technologies and the growth of hybrid and EV sales, the progress is far below that required to achieve a 2 °C pathway—i.e., Source: IEA.

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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?2015)

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UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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trillion in 2010) would be required to overcome poverty; increase food production to eradicate hunger without degrading land and water resources; and avert the climate change catastrophe. A comprehensive global energy transition is urgently needed in order to avert a major planetary catastrophe.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

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The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030. Birol said that “success will hinge” on scaling up financing for emerging and developing economies.