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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

While more effort is needed to reach that goal, one energy organization has predicted that renewables will overtake coal generation as the world’s largest electricity source in early 2025. The post Renewables to overtake coal as largest global electricity source in 2025 appeared first on TESLARATI. What are your thoughts?

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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

Green Car Congress

Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050. To finance the energy transition, Indonesia will need just under $2 trillion of investment in BNEF’s ETS and as much as $3.5 trillion under the NZS.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The report shows that under existing policies and market conditions, global renewable power capacity is now expected to grow to 7,300 GW over the 2023-28 period covered by the forecast. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025.

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

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Global hybrid + EV assembly forecast. More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. Respondents predict that coal will remain the primary energy source for EVs in 2020 (28.9%), followed by Fossil fuel/oil (21.4%).

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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In addition, despite the rigorous development of renewables, carbon dioxide emissions are increasing, because the energy mix increasingly includes coal-fired power plants that emit large quantities of CO 2 to compensate for weather-related fluctuations in power generation from renewables and the closing of nuclear plants.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Northeast Utilities and its subsidiary NStar had agreed to buy 27.5%

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

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Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. As a result of this the a transition, there will be a significant shift in the overall value chain in the automotive industry.

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