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

Green Car Congress

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). New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.

Cost Of 210
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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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Substantial emission reductions due to fuel economy standards for passenger cars are already included in the current policy scenario. A large part of this potential comes from six relatively standardized categories: solar and wind energy; efficient appliances; efficient passenger cars; afforestation and stopping deforestation.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

Energy 252
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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

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That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. Some continue to burn coal, for example, because there are no other economically feasible choices for them. “We One type is the ultrasupercritical coal-fired steam power plant.