Remove Coal Remove Market Remove Parts Remove Stimulus
article thumbnail

Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

Green Car Congress

to 1.9%) in 2022 as the COVID recovery continues amidst turmoil in energy markets. Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Turmoil in energy markets. The turmoil in the global energy markets is affecting the different fossil fuels in different ways.

Global 221
article thumbnail

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

Green Car Congress

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 expects US coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. gal last summer. MMBtu in 2020 to $3.31/MMBtu

2019 186
article thumbnail

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

Green Car Congress

These three leading international energy markets illustrate how progress is being made in other major energy-intensive nations, but they are not alone. 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.

Renewable 220
article thumbnail

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

Green Car Congress

He identified three major themes in 2009 for renewable energy: “ Energy markets are undergoing their most fundamental changes since the 1930s; cap and trade is the most complex issue outside of health care; and schisms exist within the energy community that will grow stronger over time. Energy Markets in a State of Change.

Financing 150
article thumbnail

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

Green Car Congress

IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will: boost global GDP by 0.8% Fossil fuels remain an important part of the energy system in the 66% 2°C Scenario, but the various fuels fare differently. Coal use would decline most rapidly.

Renewable 199
article thumbnail

IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. This was the result of accelerating economic activity as well as the combination of higher natural gas prices and colder weather favoring an increase in coal use.

Emissions 433
article thumbnail

NYC Goes EV

Revenge of the Electric Car

This Tesla is one of a number of electric cars coming on the market. This Tesla is one of a number of electric cars coming on the market. The Bloomberg administration sees electric cars as part of its overall move to create a more environmentally sustainable New York. Will Electric Cars Give New York a Charge? by Lars Vercelli.