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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

Global 221
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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

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Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 The forecast sees oil sands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. —Greg Stringham, CAPP vice-president of markets and oil sands.

Oil-Sands 199
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The Paris Agreement reflected an unprecedented international determination to act on climate. To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. —IRENA Director-General Adnan Z.

Renewable 199
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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes. World crude oil prices more than tripled between 2004 and 2008—the fastest rise since the oil crisis of the late 1970s—contributing to the sharp decline in energy intensity during that period.

2010 246
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oil production averaged 5.32 million barrels per day (bbl/d) in 2010 and 1.6

2008 186
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. Ultimately, widespread commercialization will depend on whether these ventures can reach price.

Global 225
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3

Financing 150