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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

Green Car Congress

Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030. The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs. Get started here. –ad*

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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

Green Car Congress

Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. Source: ExxonMobil.

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

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IEA report calls for no investment in new fossil fuel supply and end to sales of ICE cars by 2035

Green Car Congress

The pathway calls for annual additions of solar PV to reach 630 GW by 2030, and those of wind power to reach 390 GW. For solar PV, it is equivalent to installing the world’s current largest solar park roughly every day. Solar is the world’s single largest source of total energy supply.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. For example, Germany could avoid the need to import 550 TWh of power by accelerating the phase-out of coal.

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An inside look at how utilities view EVs: expanding electricity sales without adding new customers

Charged EVs

Since 2010, OUC, a municipally-owned public utility, has installed hundreds of public charging stations, some powered by solar arrays. Once you remove that concern, we forecast seeing an influx in vehicles. And I’m happy to share that that forecast has held true. That’s a national conference, and only two utilities showed up.

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