article thumbnail

EIA expects continued high prices for diesel and home heating oils

Green Car Congress

Other key takeaways from the November 2022 STEO forecast include: EIA forecasts renewable energy sources will provide 24% of US electricity generation in 2023, up from an estimated 22% in 2022. “We We expect notable decreases in electricity generation from natural gas and coal next year.

Oil 334
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. CO 2 emissions from natural gas use have grown a sustained 2.2% CO 2 emissions from coal use are expected to grow 1.0% [0.2% CO 2 emissions from coal use are expected to grow 1.0% [0.2% The decline in 2020 of -5.2% to 0.4%).

Global 221
article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021. compared to the previous year.

Emissions 273
article thumbnail

Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

Green Car Congress

Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. Now it will have to increase imports of fuel to make up for the loss.

Ukraine 225
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. Cost rises are linked to increases in the cost of materials, freight, fuel and labor.

Cost Of 210
article thumbnail

Our Energy crisis is self made in europe

EV Info

This is mainly due to our reliance on purchasing natural gas on the spot market to feed our power stations to make electricity and gas that is pumped into millions of homes for heating and the cost of gas has increased significantly over the last 6 months. Meghan O’Sullivan. In the U.K., In the U.K.,

Europe 52
article thumbnail

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

Green Car Congress

SGH2’s gasification process uses a plasma-enhanced thermal catalytic conversion process optimized with oxygen-enriched gas. The end result is high purity hydrogen and a small amount of biogenic carbon dioxide, which is not additive to greenhouse gas emissions. But, until now, it has been too expensive to adopt at scale.

Waste 448