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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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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

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The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. Improving coordination and support for research efforts on climate change preparedness.

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Wind-to-Hydrogen Tech Goes to Sea

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Many countries have met their climate goals and are on track to be completely carbon neutral. Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables.

Wind 92
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3 Oil Majors That Bet Big On Renewables

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Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

Oil 418
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Perspective: The Role of Offsets in Climate Change Legislation

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This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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The findings are outlined in three new papers published in Earth System Science Data , Environmental Research Letters , and Nature Climate Change. The decline of coal use in the European Union and United States is overshadowed by surging natural gas and oil use around the world, according to the researchers. over 2018 emissions.

Carbon 195
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2019, and gross domestic product, which increased by 2.3% The changes in US energy-related CO 2 emissions in 2019 offset the increase in 2018. CO 2 emissions from coal fell by 14.6%, the largest annual percentage drop in any fuel’s CO 2 emissions in EIA’s annual CO 2 data series dating back to 1973.

2019 273