Remove Climate Remove Oil Remove Stimulus Remove Wind
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

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
article thumbnail

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

Green Car Congress

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
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Source: EIA.

Renewable 220
article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. Most of this—around 1 billion tonnes, which is more than the annual emissions of Japan—was due to lower use of oil for road transport and aviation.

Emissions 433
article thumbnail

Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

Green Car Congress

The largest one-year emissions drop California has ever achieved was at the height of the Great Recession in 2009, when climate pollution fell 6.1%. The fact is, we’ve never come anywhere near cutting emissions five percent in a single year in a period of economic stability—and yet, in order to meet our climate goal by 2030, we have to.

article thumbnail

Smart Meters and Electric Cars

Revenge of the Electric Car

Eric Tom, Correspondent) The picture of our carbon-free energy future is often depicted by a sea of solar panels shimmering in the sun, or orderly lines of giant white wind mills covering a hillside: large structures that capture nature’s gifts. But an increasingly important energy resource is little more than a digital electric meter.

article thumbnail

Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

Oil and gas : ENI Refining and Marketing, Galp Energia, OMV Refining and Marketing GmbH, Shell Downstream Services International B.V., Wind : Nordex. Non-governmental organizations : European Climate Foundation. Total Raffinage Marketing. Utilities : EnBW Baden-Wuerttemberg AG, Vattenfall.

Plug-in 244