Remove Coal Remove International Remove Oil Remove Supplies
article thumbnail

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

German steel companies thyssenkrupp Steel and HKM and the Port of Rotterdam will jointly investigate setting up international supply chains for hydrogen. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen 305
article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

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

Green Car Congress

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, secretary general, IEF.

Price 416
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. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. CO 2 emissions from coal use are expected to grow 1.0% [0.2% CO 2 emissions from oil use are expected to grow 2.2% [0.9%

Global 221
article thumbnail

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil 231
article thumbnail

IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

Green Car Congress

Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Source: IEA. However, in climate-driven scenarios, these positions are reversed well before 2040.

Supplies 248
article thumbnail

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%

Green Car Congress

Oil remains the world’s leading fuel, but its 33.1% 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% World primary energy consumption grew by 2.5%

Coal 261