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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). But like trying to turn a massive oil tanker, it takes time.

Coal 243
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. Global investment in oil and gas is expected to fall by almost one-third in 2020. At the same time, many national oil companies are now desperately short of funding.

Global 344
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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. In the Permian Basin, approximately one additional barrel of oil can be recovered for each 6,000 cubic feet (6 Mcf) of compressed CO 2 injected into the oil field. urea production. CO 2 capture and shipment via pipeline shown at top.

Coal 186
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CMU study finds that HEVs and PHEVs with small battery packs offer more emissions and oil displacement benefits per dollar spent than large pack PHEVs and BEVs; policy implications

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Value of life-cycle emissions externality damages and oil premium costs from vehicles in 2010 $. A paper presenting the results of the group’s latest year-long study on the lifecycle air emissions and oil displacement benefits of plug-in vehicles was published this week in the Proceedings of the National Academy of Sciences.

PHEV 186
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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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.

Chicago 150
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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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In late April 2015, Geely Auto deployed a first-of-its-kind fleet of 150 methanol-fueled taxis in the southern Chinese city of Guiyang in cooperation with the municipal government. Methanol can be produced from a range of renewable sources and fossil-fuel based feed-stocks; in practice methanol is mainly produced in coal-rich China from coal.

Renewable 150
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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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In REmap—IRENA’s global roadmap for the transition—energy demand by 2050 could be about the same as in 2015, due to significant energy efficiency improvements. Primary CO 2 emissions reduction potential by technology in the Reference Case and REmap, 2015-2050. trillion in 2015. Coal use would decline most rapidly.

Renewable 199