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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Estimated consumption subsidies, industrial and developing countries, fossil fuels and renewables. Fossil fuel subsidies continue to far outweigh support for renewable energy, according to new research conducted for the Worldwatch Institute’s Vital Signs Online service. Source: Worldwatch. Click to enlarge. Total subsidy.

Renewable 312
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8

Renewable 338
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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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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% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total.

Coal 261
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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

Coal 221
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SRI developing process for co-gasification of methane and coal to produce liquid transportation fuels; negligible water consumption, no CO2

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Researchers from SRI International (SRI) are developing a methane-and-coal-to-liquids process that consumes negligible amounts of water and does not generate carbon dioxide. In conventional CTL approaches, energy is supplied by burning a portion of the coal feed, which then produces carbon dioxide.

Coal 257
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Carbon Recycling International and Johnson Matthey collaborate on sustainable methanol

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Carbon Recycling International (CRI) and Johnson Matthey (JM) have agreed on a long-term exclusive catalyst supply agreement for the use of JM’s KATALCO methanol catalysts in CRI’s Emissions-To-Liquids (ETL) CO 2 -to-methanol plants. Conventional methanol production involves fossil feedstocks such as natural gas or coal.

Carbon 259
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Two-thirds of new renewables were cheaper than coal in 2021 – IRENA

Electrek

In 2021, 163 gigawatts (GW) – nearly two-thirds – of new renewable power added was cheaper than the cheapest coal-fired power plants in G20 countries , according to a new report released by the International Renewable Energy Agency (IRENA).

Coal 139