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BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

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In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These costs are 13% lower than BNEF’s previous 2030 forecast and 17% lower than its old 2050 forecast. MMBtu) by 2050 in most modeled markets.

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

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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.

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EIA: US electricity generation from coal and natural gas both increased with summer heat

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In August 2012, coal produced 39% of US electricity, up from a low of 32% in April 2012, when the natural gas share of generation equaled that of coal. The August coal share of generation is still notably lower than the 50% annual average over the 1990-2010 period. Data for 2011 and 2012 are preliminary. Source: EIA.

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

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The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. It’s part of a broader shift toward wind and solar that’s been underway for some time.

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DOE awards $7M to eight oxy-combustion coal technology projects; carbon capture, utilization and storage

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The US Department of Energy (DOE) selected eight projects to advance the development of transformational oxy-combustion technologies capable of high-efficiency, low-cost carbon dioxide capture from coal-fired power plants. The selection of Phase 2 projects will occur next year based upon Phase 1 results.

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DOE and Air Force issue RFI on Mil-Spec jet fuel production using coal-to-liquid technologies

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The US Department of Energy (DOE) in partnership with the US Air Force has issued a request for information (RFI)— DE-FOA-0000981 —on research & development aimed at greenhouse gas emissions reductions and cost competitiveness of Mil-Spec jet fuel production using coal-to-liquid (CTL) fuel technologies. Background.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Commissioning natural gas-fired plants could set producers up to have some of the lowest-cost capacity by retrofitting them to burn hydrogen in the 2030s and 2040s.

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