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High cost of coal and natural gas could make EVs, US grid cleaner this summer

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Anticipated price hikes for coal and natural gas could lead to increase use of renewable energy in electricity generation, making both the grid and EVs cleaner, according to new United States Energy Information Administration (EIA) analysis.

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EIA expects significant increases in US wholesale electricity prices this summer

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The STEO forecasts electricity generation and wholesale prices for 11 market regions in the continental United States. Various factors determine wholesale electricity prices, but the cost of fuel for fossil-fuel generators is an important driver. The natural gas price at the Henry Hub averaged $8.14 MMBtu in May 2021.

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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.

Emissions 370
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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.

Coal 236
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EIA: US energy-related CO2 emissions in 2012 lowest since 1994; reflects drop in coal use

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The largest drop in emissions in 2012 came from coal, which is used almost exclusively for electricity generation. During 2012, particularly in the spring and early summer, low natural gas prices led to competition between natural gas- and coal-fired electric power generators.

Coal 265
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. If the steel industry were a country, its carbon emissions would rank third in the world behind China and the United States.

Coal 360
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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. Investment slumped by 30% in 2020.

Price 416