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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. The levelized cost of electricity (LCOE) from new PV plants is forecast to fall a further 71% by 2050, while that for onshore wind drops by a further 58%. Coal emerges as the biggest loser in the long run. NEO 2018 sees $11.5

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Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

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If current rates of decline continue through 2020, the state will need to reduce emissions at a rate of 4.97% each year in the decade between 2020 and 2030, and produce even steeper declines in the period from 2030 to 2050, if it is to meet current climate goals. But the effects of these efforts seem to be reaching a plateau. from 2014.

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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. —Christopher Knittel.

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

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The Paris Agreement reflected an unprecedented international determination to act on climate. We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonization. —IRENA Director-General Adnan Z. Around US$3.5 trillion in 2015.

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Our Energy crisis is self made in europe

EV Info

This is mainly due to our reliance on purchasing natural gas on the spot market to feed our power stations to make electricity and gas that is pumped into millions of homes for heating and the cost of gas has increased significantly over the last 6 months. In the U.K., Europe has wedged itself between a rock and a hard place.

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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

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Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. Industrial sources will not enter the program until 2016. Tags: Climate Change Emissions Policy. Senators John Kerry (D-Mass.), Expanding manufacturing.

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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales

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Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Energy. The share of the world’s electricity generated by coal is expected to fall to about 30% in 2040 from approximately 40% in 2014.

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