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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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CO 2 emissions from coal fell by 14.6%, the largest annual percentage drop in any fuel’s CO 2 emissions in EIA’s annual CO 2 data series dating back to 1973. The United States now emits less CO 2 from coal than from motor gasoline. Source: US Energy Information Administration, Monthly Energy Review.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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Natural gas does not offer climate benefits compared to gasoline and diesel, and many biofuel pathways do not, either. For battery EVs, the GHG emissions for “fuel/electricity” production are dominated by the coal and natural gas used in electricity generation. Source: The ICCT.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts that US refining margins for diesel will fall by 20% in 2023 and by 38% in 2024. It expects retail diesel prices to average about $4.20/gal

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. For diesel fuel, EIA expects retail prices to average $2.91/gal EIA expects US coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. gal last summer.

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