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EIA expects continued high prices for diesel and home heating oils

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EIA sees additional uncertainty in the global marketplace for distillates and other fuels as the European Union plans to ban imports of petroleum products from Russia in early 2023. We expect notable decreases in electricity generation from natural gas and coal next year. EIA forecasts Russia will produce 9.3

Oil 334
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EIA: India’s steel industry dominated by electric-based processes; intensive coal use for DRI

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India is the third-largest steel producer in the world after China and Japan, having surpassed other large steel-making countries such as the United States, Russia, and South Korea over the previous decade, according to the World Steel Association. coal-based rotary kiln furnaces (mainly in India), accounting for 17.5%

Coal 150
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

Gas 243
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. By 2050, green hydrogen could be the cheapest production method for steel and capture 31% of the market. Retrofit or close any remaining coal-fired capacity by 2050.

Hydrogen 221
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Coal’s market share of 30.3% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Gas production globally grew by 3.1%; the US recorded 7.7% was the highest since 1969.

Coal 261
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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The decline was driven by a surge in shale gas supplies and more attractive renewable power that displaced coal.

Economy 199
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

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Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT.

MIT 240