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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Converting Coal Power Plants to Nuclear Gains Steam

Cars That Think

On a planet aspiring to become carbon neutral, the once-stalwart coal power plant is an emerging anachronism. It is true that, in much of the developing world, coal-fired capacity continues to grow. But in every corner of the globe, political and financial pressures are mounting to bury coal in the past.

Coal 145
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MIT study concludes that absent climate policy, coal-to-liquids could account for around a third of global liquid fuels by 2050

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The top graph depicts CTL in a no policy scenario; the bottom graph, for CTL in a world climate policy scenario. However, the viability of CTL becomes quite limited in regions with climate policy due to the high conversion cost and huge carbon footprint. Credit: Chen et al., 2011 Click to enlarge.

Coal 247
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Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.

Coal 40
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. NEO 2018 sees $11.5

Wind 220
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Kobe Steel demonstrates technology that can reduce blast furnace CO2 emissions by ~20%

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The quantity of CO 2 emissions from the blast furnace is determined by the reducing agent rate (RAR)—the coke rate (determined by the quantity of coke used in blast furnace) plus the pulverized coal rate (determined by the quantity of pulverized coal injected into blast furnace). Coke is carbon fuel made from coal.

Emissions 243
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. MMbtu in Russia, $8.7/MMbtu

Gas 243