article thumbnail

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

Green Car Congress

The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. EIA expects US coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. gal on 22 March. MMBtu in 2021.

2019 186
article thumbnail

Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

Green Car Congress

The decrease in emissions follow the decrease in the global economy. While emissions from oil and gas have decreased, emissions from coal have remained stable; the share of coal as a fuel has increased. This is not unexpected ”, said Gunnar Myhre, senior research fellow at CICERO and one of the scientists behind the article.

article thumbnail

Saskatchewan and Montana Partner on Major Carbon Capture and Storage Project

Green Car Congress

Governor Schweitzer and Premier Wall agreed that the international carbon capture and storage demonstration project will also help address national policy priorities in both countries including the development of near zero, sustainable energy technologies; continental energy security and economic stimulus to support the North American economy.

Montana 150
article thumbnail

IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

Green Car Congress

To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. In the 66% 2°C Scenario, aggressive efficiency measures would be needed to lower the energy intensity of the global economy by 2.5%

Renewable 199
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

Closer to home, the federal fuel economy standards require the average fleet fuel economy of OEMs that sell vehicles in the USA to be 35.5 The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated.

Renewable 220
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Billion vs. $28.3 Billion in 2008). Neil Auerbach.

Financing 150
article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

Major economies led the resurgence as a pick-up in economic activity pushed energy demand higher and significant policies measures to boost clean energy were lacking. Many economies are now seeing emissions climbing above pre-crisis levels. China was the only major economy that grew in 2020.

Emissions 433