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

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. During the Global Financial Crisis in 2008/9, the COVID19 pandemic, and now the Ukrainian War, economic stimulus packages were meant to put the world on a cleaner and greener path, but this is not at all evident in the CO 2 emissions data.

Global 221
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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. Increasing US refinery production along with rising crude oil supply from OPEC, its partner countries, and US tight oil producers should help bring those prices down. gal last summer.

2019 186
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The focus must be on the decarbonization of the global energy system as it accounts for almost two-thirds of greenhouse gas emissions. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. Liquid biofuel production must grow ten-fold.

Renewable 199
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. Why then do we not have the same clarity of goal for the electricity generating industry here in the USA? The same can be said for the electricity companies that generate power in the USA. EIA projections of renewables penetration.

Renewable 220
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Dr. Paul still sees significant growth in the developing world. Billion vs. $28.3

Financing 150
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Germany Launches H2 Mobility Initiative to Expand Infrastructure for Refueling Hydrogen Vehicles

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Daimler AG and leading energy companies signed a Memorandum of Understanding (MoU) in Berlin, with the participation of the German Minister of Transport, Wolfgang Tiefensee, to evaluate and expand the setup of a hydrogen infrastructure in Germany to support the series production of fuel cell electric vehicles. Earlier post.). Earlier post.).

Germany 268
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IEA: global carbon dioxide emissions have rebounded strongly

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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