Remove Climate Remove Coal Remove Oil Remove Wind
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

Oil 418
article thumbnail

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.

Coal 243
article thumbnail

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%.

Coal 370
article thumbnail

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. billion tonnes.

Emissions 370
article thumbnail

EEA report: EVs are better for climate and air quality

Green Car Congress

The EEA report ‘ Electric vehicles from life cycle and circular economy perspectives ’ reviews current evidence on electric cars’ impacts on climate change, air quality, noise and ecosystems, compared with conventional cars. The EEA has also published a new briefing on the environmental and climate impacts of transport.

Climate 268
article thumbnail

India’s Report Card Against Short List Of Climate Actions Is Better Than Most Realize

CleanTechnica EVs

For several years I’ve been iterating The Short List of Climate Actions That Will Work. The work of organizations like Mark Z. Jacobson’s Stanford team around energy and Carbon Drawdown’s around everything are excellent in different ways, but also indigestible to most people. The short list really is that. It’s.

Climate 99
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.