Remove International Remove Parts Remove Price Remove Ukraine
article thumbnail

IEA: Global demand for fossil fuels will peak this decade

Green Car Reports

Global demand for fossil fuels will peak this decade due in part to Russia's invasion of Ukraine, which has accelerated many countries' move to renewable energy, according to the International Energy Agency (IEA).

Ukraine 169
article thumbnail

Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

The Biden Administration had earlier in March authorized a drawdown of 30 million barrels in coordination with the IEA in response to Russia’s invasion of Ukraine. Biden said that his administration would restock the reserve when prices are lower. The newly authorized drawdown will come from all four storage sites. Background.

Oil 418
article thumbnail

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

Green Car Congress

—Glen Peters, a Research Director at the CICERO Center for International Climate Research. to 3.2%], primarily due to an increase in international aviation, but oil use remains below 2019 levels and have not fully recovered from the COVID19 pandemic in 2020. in emissions from natural gas because of higher global prices.

Global 221
article thumbnail

Biden Administration announces $3bn plan for U.S.-based EV battery manufacturing

Teslarati

-based EV battery manufacturing, a small part of a much larger push toward transitioning to electric vehicles. Electric vehicle manufacturing has boosted globally, but the United States is working toward making more parts of the supply chain available in the U.S.

article thumbnail

LKAB identifies Europe’s largest deposit of rare earth metals in Lapland; Per Geijer

Green Car Congress

Sweden-based international mining and minerals group LKAB has identified significant deposits of rare earth elements in the Kiruna area in the far north of Swedish Lapland (some 200 km north of the Arctic Circle). Extraction and processing of phosphorus, rare earth elements and fluorine are part of LKAB’s ReeMAP project.

Europe 259
article thumbnail

Palladium falls as concern EVs will destroy demand returns to the fore – ET Auto

Baua Electric

Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain’s expansion of sanctions on other Russian metal trade. TD Securities sees palladium prices at USD 1,050 per ounce in the first quarter.

Auto 40
article thumbnail

Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects.

Coal 40