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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

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EIA projects increases in global energy consumption and emissions through 2050

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The US Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

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NETL framework for assessing economic viability of recovering REEs from unconventional sources

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The energy transition is causing demand for REEs to grow every year. The International Energy Agency estimates that demand may at least quadruple by 2040. A paper on the work appears in Nature Sustainability. China has been the dominant global supplier of REEs since 1988, providing up to 95% of the global REE market annually.

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EIA: India’s steel industry dominated by electric-based processes; intensive coal use for DRI

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In 2016, about 57% of India’s steel was produced using electric-based methods—the second-highest proportion of electric-based steel production among major steel producers, behind only the United States, according to the US Energy Information Administration (EIA). coal-based rotary kiln furnaces (mainly in India), accounting for 17.5%

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

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to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets. Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. Turmoil in energy markets. increase in 2021.

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review.

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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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Energy demand worldwide grew by 2.3% Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Still, that was not fast enough to meet higher electricity demand around the world that also drove up coal use. Energy intensity improved by 1.3%

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