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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.

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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. Despite the challenging global economic conditions, the number of investments in low-carbon hydrogen increased from 600 to over 1,700 between Q4 2021 and Q4 2022.

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IIASA-led study proposes Underground Gravity Energy Storage as long-term energy storage solution for renewables

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Renewable energy sources are central to the energy transition toward a more sustainable future. In a new study led by the International Institute for Applied Systems Analysis (IIASA), an international team of researchers developed a novel way to store energy by transporting sand into abandoned underground mines. Dabek, P.B.,

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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.

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ExxonMobil increases purchases of renewable diesel from Global Clean Energy Holdings to up to 5M barrels per year

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ExxonMobil and Global Clean Energy have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel to up to 5 million barrels per year. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions.

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Renewables will be the top source of global electricity by 2025

Electrek

Renewables will dominate the growth of global electricity supply and meet the vast majority of the increase in demand to 2025, according to a new report out today from the International Energy Agency (IEA). more… The post Renewables will be the top source of global electricity by 2025 appeared first on Electrek.

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