BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF).

2019 222

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

2020 292
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

2013 256

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. Global energy investment totalled more than US$1.8 However, the poorest regions of the world, such as sub-Saharan Africa, face persistent financing risks.

2019 175

Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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Overview of the Bluegas catalytic coal methanation process. billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. The technology is especially well suited for arid regions and where low-quality, concentrated coal resources are available, such as in Xinjiang. China Coal Natural Gas

2012 196

US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. The acquisition will be underwritten by Global Private Funding Inc. Global), a private equity lender, by way of their Business Incubation Program.

2012 196

Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects. Investor risks from Development of Oil Shale and Coal-to-Liquids.

2010 185

Germany and Australia to establish alliance on green hydrogen supply chain

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Another great advantage of the partnership: a country like Australia, which has previously exported coal on a large scale, is building up a new, climate-friendly perspective as an energy exporter, true to the motto ‘shipping the sunshine’—practically packaged sunshine from Australia. Co-financing of an AUS-DEU H 2 incubator for applied research. Co-financing of “HydrogenHubs”.

Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low. Overnight costs for coal plants in OECD countries range from a low of US$1 218/kWe in Korea to a high of US$3 067/kWe in Portugal.

2015 184

UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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Given the limited time frame for achieving the required technological transformation, the required global level of green investments would need to be reached within the next few years, according to The World Economic and Social Survey 2011: The Great Green Technological Transformation , published by the UN Department of Economic and Social Affairs (DESA). A comprehensive global energy transition is urgently needed in order to avert a major planetary catastrophe.

2011 270

President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

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If the United States wants to build an energy infrastructure for the 21 st century and remain globally competitive in energy technologies, we need to increase, not decrease, vital public and private investments in energy research, development and deployment. The council recommended: Allowing more access to oil, natural gas and coal opportunities on federal lands. Establishing a Clean Energy Development Administration to help energy start-ups hurdle the financing valley of death.

2012 204

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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PRTM projects that the global EV value chain will likely be greater than US$250 billion by 2020. Driven by four global megatrends—reducing CO 2 emissions, oil concerns, growing congestion, and rapid technology advances—countries worldwide are focusing strongly on vehicle electrification. 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%.

2011 179

Australian Government establishes A$300M fund to support hydrogen projects

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The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges.

2020 250

The Cat Is Still On The Roof – And The Roof! The Roof! The Roof Is On Fire!

Creative Greenius

Worried about your finances and the crash of the economy? They deliberately suppressed and illegally covered up the EPA’s 2007 ENDANGERMENT FINDING that said the government should begin regulating greenhouse gas emissions because global warming posed serious risks to the country. Right now, here in 2008 the cat is on the roof for global warming. Elements of a ‘perfect storm,’ a global cataclysm, are assembled ,”.

2009 174

How Smart Energy Management for EV Charging Is Connected to the COP26 UN Climate Change Conference

Driivz

We found ourselves thinking about how Smart Energy Management for EV charging is connected to the COP26 UN Climate Change Conference; Countries from around the world continue to focus on reducing greenhouse gas (GHG) emissions as a key strategy for reducing the rate of global warming.

BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. The levelized cost of electricity analysis for H2 2015 shows onshore wind to be fully competitive against gas and coal in some parts of the world, while solar is closing the gap.

2015 184

SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts.

2020 358

The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies. With less financing options for IOCs, and also oilfield services, the already existing investment gap in upstream investment worldwide will only grow wider.

2019 200

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. However, the report notes, renewable energy price improvements are not universal, and costs range widely according to resources and the availability of financing.

2015 303

Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Although independent reporting on these subsidies has increased, global efforts to move forward with subsidy reform have been hindered by a variety of causes, leaving international pledges unfulfilled. of the GDP for 2011–12, according to the International Institute for Sustainable Development’s Global Subsidies Initiative ( GSI ). GSI, in collaboration with the National Institute for Public Finance and Policy (NIPFP) and The Energy Resource Institute.

2012 256

A Few Words on Eco Terrorists, Cowards and Courage

Creative Greenius

Even when we reach the limit of our carbon budget, when burning any more oil, coal or gas will push global temperatures beyond 2 degrees celsius, the E&B business model is to harvest more oil so that it can be burned as fuel. There are no bigger cowards then the people who work for the oil, coal and gas industries. They are so cowardly that they lie about the impacts of their business practices and they help finance the climate change denier movement.

2014 265

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America. Methane currently accounts for roughly 9% of domestic greenhouse gas emissions and has a global warming potential that is more than 20 times greater than carbon dioxide.

2013 212

JetBlue to go carbon neutral on all domestic flights by offsetting emissions starting in 2020; flying with SAF from SFO

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JetBlue will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major US airline to take this measurable step toward reducing its contribution to global warming. Buying carbon credits means investing in emission reduction projects that require carbon offsetting financing in order to take place. The sale of carbon offsets help to finance the projects.

2020 150

GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup

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This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet’s financing round last year. When the excess process carbon is used for fuel such as a coal substitute, the entire process is carbon neutral and, thus produces both carbon neutral petrochemical compatible components and a carbon neutral coal substitute, the company says.

2010 213

Ford partners with Haier, Trina Solar and Delta Electronics to launch MyEnergi Lifestyle in China

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Introducing MyEnergi Lifestyle to Chinese consumers is part of Ford’s effort to rethink how we approach global energy consumption. —Mike Tinskey, global director of Vehicle Electrification and Infrastructure, Ford Motor Company. Where coal-fired power stations play a major part in electricity production—as they do in many economies—electrification of vehicles must go hand in hand with the implementation of cleaner and renewable energy sources.

2015 210

Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

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Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. Other OPEC members agreed to similar deals, ensuring perpetual global demand for greenbacks. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It by Andrew Topf of Oilprice.com.

2014 196

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

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PwC analysis finds a need for global carbon intensity to drop an average of 5.1% The low annual rate of global reduction of carbon emissions per unit of GDP needed to limit global warming to 2 °C—based on the probability assessments of the UN IPCC—is insufficient to achieve that goal, according to the latest Low Carbon Economy Index published by business consultancy PwC. per year through 2050. Click to enlarge.

2012 221

Stanford launches major new natural gas research initiative

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US production has risen almost 50% in the past 10 years, and global demand for gas is anticipated to outpace all other fossil fuels. Compared with burning coal, natural gas emits about half the carbon dioxide and substantially less soot, mercury and sulfur. The program will fund interdisciplinary research in six key areas: resource development; uses; environmental impacts and climate change; global markets and finance; policy and regulatory reform; and geopolitical impacts.

2015 210

USGS assessment finds mean CO2 storage potential of 3,000 gigatonnes in US

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metric gigatons of energy-related CO 2 , while the global emissions of energy-related CO 2 totaled 31.6 As an acceptable condition for US government support for public financing of new coal plants overseas. Pie chart showing mean estimates by the USGS of technically accessible storage resources (TA SR ) for CO 2 by region. Click to enlarge.

2013 199

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%). Source: PwC. Click to enlarge.

2011 179

MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

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Neither the failure of global and US climate policy nor the emergence of other pressing issues changes the facts about climate and energy. Since coal and natural gas represent about 70% of all electricity generation nationally, finding cost-effective ways of replacing those fuels and mitigating their emissions will be critical, the book says. One specific idea the team advocates is a regional approach to managing and financing the intermediate stages of innovation.

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Experts predict that by the year 2060 global warming, if left unchecked, could result in a temperature rise of seven degrees Fahrenheit higher than temperatures before the Industrial Revolution when man started widespread use of coal and other fossil fuels. More than 110 heads of state met in Copenhagen to formulate a political accord to limit the causes of global warming. According to the IEA, global energy demand will grow 55% by 2030. Perspective by Brian J.

2009 210

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. Financing Investments and Other Public Expenditures.

2010 210

Reducing Black Carbon Emissions and Ground-Level Ozone Would Provide Immediate Benefit Against Climate Change

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Ramanathan and Jessica Seddon Wallack, director of the Center for Development Finance at the Institute for Financial Management and Research in Chennai, India. Ramanathan said that these mitigation measures could serve to hedge against the full effects of global warming caused by greenhouse gases.

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

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The International Energy Agency (IEA) last week launched the 2011 edition of the World Energy Outlook (WEO), the current edition of its annual flagship publication assessing the threats and opportunities facing the global energy system out to 2035. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway.

2011 213

ChargePoint’s roadmap: EV charging 80% home/work, 20% public/fast, “virtual batteries” for utilities

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EVs with more than 200 miles of range will accelerate already rapid EV sales growth, and are expected to reach 35% of global new car sales by 2040, according to Bloomberg New Energy Finance. Or they maintain coal-fueled backup generators that can be fired up quickly.

2017 150

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. We have rock-solid finances. The necessary reduction of criteria and greenhouse gas emissions, both globally and locally. about 7% of global CO 2 emissions.

2009 150

IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

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The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. It focuses on six major multi-country, multi-fuel studies undertaken since the early 1990s, each of which has assessed the economic and environmental impacts of reform at a global level.

2010 184

Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

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In 2008, Valero Energy CEO Bill Kless had said that using corn to produce ethanol will make food so expensive in poor countries that it will cause more misery than global warming. Financing challenges. All of this makes for a very difficult time to get financing for a new facility. In the world of project finance, quality means management teams with strong track records, proven technologies, deep pockets and secure, long term agreements on the project’s inputs and outputs.

2009 163

Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun

Creative Greenius

He wasn’t a finance guy, thinking “I’m going to make money.” It’s expensive and my clients don’t finance. Because for one, financing isn’t available anymore and two, early adopters are a different crowd. THE HOLY GRAIL OF SOLAR: $3 A WATT, CHEAPER THAN COAL. And at sub $3 you’re cheaper than coal. And people have no idea what’s coming with coal and what that’s going to cost them in electric bills. You want to fix global warming?

2009 190

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures. Specifically, they would focus on emissions reductions as well as financing, with negotiations for the two issues separated from one another. [

2009 204

Perspective: The UN Approval Process for Carbon Offsets

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Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. According to a report by the UN’s Intergovernmental Panel on Climate Change, the margin of error in measuring emissions by DOEs can be as high as: 10% for the cement and fertilizer industries; 60% for the oil, gas, and coal industries; and.

2010 216