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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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Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total. Renewables.

Coal 261
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Sasol and ITOCHU to partner on green ammonia and hydrogen

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South Africa-based Sasol and Japan-based ITOCHU Corporation have signed a Memorandum of Understanding (MoU) jointly to study and to develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. Japan is expected to be a large importer of green ammonia in the future.

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle.

Price 416
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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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Still, that was not fast enough to meet higher electricity demand around the world that also drove up coal use. Coal use in power generation alone surpassed 10 Gt, accounting for a third of the total increase. Most of that came from a young fleet of coal power plants in developing Asia. to 33 Gigatonnes (Gt) in 2018.

2018 207
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IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

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In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil.

Clean 255
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Global geothermal industry passes 12,000 MW operational

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The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA. In Nevada, NV Energy is looking to replace coal plants with 300 MW of renewable energy, including geothermal. Ormat Technologies, and AltaRock Energy.

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Why Do Japanese Automakers Like Hydrogen Power?

The Truth About Cars

It’s largely counter to what the rest of the world is doing and begs the question of why Japan seems so intent on making hydrogen power work. In 2017, Japan became the first country in the world to release a national hydrogen strategy. Presently, the vast majority of hydrogen is produced using coal or natural gas as feedstocks.

Hydrogen 119