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

Green Car Congress

Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement. trillion under the NZS.

Indonesia 195
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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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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

Green Car Congress

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%. This raw material dominance, along with China’s relative labor cost advantage, has resulted in an emerging extended supply chain in motor technology and production.

China 199
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

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.

Germany 239
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

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%

Renewable 150
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

The risk to business is that it faces more unpredictable and extreme weather, and disruptions to market and supply chains. The new reality is a much more challenging future in terms of planning, financing and predictability. Resilience will become a watch word in the boardroom—to policy responses as well as to the climate.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. Production of conventional crude oil—the largest single component of oil supply—remains at current levels before declining slightly to around 68 mb/d by 2035. —WEO 2011. —WEO 2011.

Oil 247