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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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Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 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. billion tonnes, accounting for 33% of the global total.

Emissions 370
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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 Coal emerges as the biggest loser in the long run. Coal’s share in primary energy in 2017 fell to 27.6%, the lowest since 2004.

Wind 220
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DOE awarding about $16M to four projects for advanced gasification systems; focus on coal

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Awardees will receive approximately $16 million to advance the gasification process, which converts carbon-based materials such as coal into syngas for use as power, chemicals, hydrogen, and transportation fuels. Advanced Gasifier and Water-Gas Shift Technologies for Low-Cost Coal Conversion to High-Hydrogen Syngas.

Coal 218
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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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IEA: carbon intensity of global energy supply has barely changed in last 20 years; “window of opportunity in transport”

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In a fairly bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) concluded that, despite a few bright spots such as the rapid expansion of renewable technologies and the growth of hybrid and EV sales, the progress is far below that required to achieve a 2 °C pathway—i.e., Source: IEA.

Carbon 265