Remove Coal Remove Electrical Remove International Remove Stimulus
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

Global 221
article thumbnail

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

Green Car Congress

Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). Liquid biofuel production must grow ten-fold.

Renewable 199
article thumbnail

PwC industry survey provides check-up on determining factors for EV success

Green Car Congress

PwC has released the first edition of the “Charging Forward: Electric Vehicle Survey”, which it developed to provide a check-up on some of the major determining factors for the success of EVs in the near-, mid- and long-term. Of that, nearly one third, or three million units, will be plug-in and pure electric vehicles.

article thumbnail

Saskatchewan and Montana Partner on Major Carbon Capture and Storage Project

Green Car Congress

Saskatchewan Premier Brad Wall signed a Memorandum of Understanding with Montana Governor Brian Schweitzer to work together on the development of one of the largest international carbon capture and storage demonstration projects to date.

Montana 150
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

In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. These three leading international energy markets illustrate how progress is being made in other major energy-intensive nations, but they are not alone. The same can be said for the electricity companies that generate power in the USA.

Renewable 220
article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. This was the result of accelerating economic activity as well as the combination of higher natural gas prices and colder weather favoring an increase in coal use.

Emissions 433
article thumbnail

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

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.

Financing 150