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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

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New wind farm and Tesla Megapack projects may reduce Australian coal use

Teslarati

An upcoming Tesla Megapack project and a new wind farm may help Australia reduce its use of coal power. Australia has long used coal as a power source, mainly because of its abundance. billion) wind power project and a $150 million (USD 97.4 billion) wind power project and a $150 million (USD 97.4 million homes.

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IEEE’s Plan To Help Combat Climate Change

Cars That Think

The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. Why should IEEE be involved in combating climate change? Why should members care about climate change? Rahman: Climate change is an existential threat to humanity.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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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. 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.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

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What is Renewable energy integration, challenges, why it is needed

Baua Electric

what is renewable energy integration ? Renewable energy integration refers to the process of efficiently incorporating renewable energy sources into existing energy systems. Energy Storage: Renewable energy sources are often intermittent, meaning they don’t produce energy consistently.