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

Green Car Congress

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.

Global 344
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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). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

Coal 243
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The ICCT has conducted a comprehensive global and temporal life-cycle assessment of GHG emissions from a variety of alternative passenger car powertrains and fuels. This study incorporates the near-term global warming potential of methane leakage emissions of natural gas and natural gas-derived hydrogen pathways.

Hydrogen 418
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The Complex Calculus of Clean Energy and Zero Emissions

Cars That Think

These investments are one reason why the International Energy Agency (IEA) in September insisted that there’s still hope to hold global temperature rise to 1.5 °C Jenkins: Energy systems became globalized in the middle of the 20th century and then encountered global supply shocks, like the oil embargoes of the ’70s.

Clean 105
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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

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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. Click to enlarge. Commercial Models.

China 199
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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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The Paris Agreement looks to limit global warming to under 2 ˚C, with a more ambitious goal of 1.5 ˚C If the emissions gap is not closed by 2030, the report says, it is extremely unlikely that the goal of holding global warming to well below 2 ˚C can still be reached. C also on the table. C will already be well depleted by 2030.

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Study finds that worldwide SO2 emissions rose between 2000-2005 after decade of decline; China, shipping topped growth

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Global sulfur dioxide emissions by region. Sulfur aerosols impact human health, ecosystems, agriculture, and global and regional climate. While the overall global uncertainty in sulfur dioxide emissions is relatively small, regional uncertainties ranged up to 30%. grid by sector for use in coordinated climate model experiments.

2005 186