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Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. The oilprice (Dated Brent) averaged $41.84/bbl The US (-2.3
Between 2004 and 2008, global energy intensity experienced its sharpest decline in 30 years, with an average annual growth rate of 1.87%. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.
In addition to high oilprices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Biofuels and other renewable energy sources start impacting CO 2 trends.
Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion.
The oilprice shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.
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