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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. EIA forecasts that global consumption of petroleum and liquid fuels will average 97.7 gal this summer, up from an average of $2.43/gal

2019 186
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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Global energy-related carbon dioxide emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released by the International Renewable Energy Agency (IRENA) and the International Energy Agency (IEA). —IRENA Director-General Adnan Z.

Renewable 199
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PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. hybrids and plug-in hybrids vs. battery EVs); pricing; power generation investment and capacity; funding and developing an infrastructure; and energy sources for electricity. Source: PwC. Click to enlarge. Nearly 68.8% Solar comes in third at 19.4%, followed by Other (18.9%) and nuclear (11.4%).

Industry 199
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Globally, more than 100 nations have established renewable energy targets. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Source: EIA. Click to enlarge.

Renewable 220
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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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 The US is in a race for global dominance in the new energy economy with China. Billion vs. $28.3

Financing 150
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Profile: Farmers Ethanol: Focusing on Sustainable Corn Ethanol Production and a Triple Bottom Line

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The fermentation and distillation process is similar to a conventional plant, but the facility will be fueled by the steam heat from a Combined Heat and Power (CHP) generator. There has been activity with biomass electrical power generation in the past several months. Earlier post.). Financing challenges.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

In effect, cars would be acting like tiny power stations. ’s power generation, he said. February 17, 2009 7:03 am Link Smart Grid An Invaluable Idea Worldwide / Buildings could become the new power plants BRUSSELS ? In the city of the future, could power suppliers be rivalled by innovative construction firms?

Grid 47