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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. It’s the first large political since COP28 in December when the world pledged to transition away from fossil fuels. The problem is that whilst coal power has already been falling, gas power has not.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. What’s more, for the first time, wind power, which grew by 18%, surpassed gas, which only accounted for 17% of Europe’s electricity. compared to 2022.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

Green Car Congress

Electra has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. Electra’s process emits zero carbon dioxide emissions and carries zero green premium, meaning it will cost the same or less than existing production methods powered by fossil fuels.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. In 2019, consumption of coal is expected to drop 11% in the U.S.—down

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

While the mix shifts toward lower-carbon-intensive fuels, the world will need to pursue all economic energy sources, the report says. As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83 l/100 km) in 2040.

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DOE to award up to $4.5M to projects for alt fuel and advanced vehicle deployment

Green Car Congress

The US Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy’s (EERE) Vehicle Technologies Office (VTO) intends to issue a Funding Opportunity Announcement ( DE-FOA-0001097 ) entitled “Alternative Fuel and Advanced Vehicle Deployment Initiatives”. The estimated $4.5 and train-the-trainer courses.