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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. million b/d from March 2020. million b/d from 2020. MMBtu in 2020 to $3.31/MMBtu gal on 22 March. million b/d.

2019 186
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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In France, renewable energy consumption will be 20 percent by 2020. In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. Closer to home, the federal fuel economy standards require the average fleet fuel economy of OEMs that sell vehicles in the USA to be 35.5 Source: EIA.

Renewable 220
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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. This means that we will need 3x more battery capacity investments to meet 2020 EV demand. Economies of scale for such components will rely on the number of installations, not the size of the project.

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IEA: global carbon dioxide emissions have rebounded strongly

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The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.

Emissions 433
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Billion vs. $28.3 Billion in 2008). Neil Auerbach.

Financing 150
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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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each year from 2020 to 2030 to cut emissions to 40% below 1990 levels by 2030, as mandated by SB 32. While 2020 may see a similar emissions drop, the state has never cut emissions more than 2.6% But, if any state can achieve this level of reductions while supporting a healthy economy, it’s California.

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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

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The study focused on a portfolio of powertrains: BEVs, FCEVs, PHEVs and ICEs, taking into account significant advances in ICE technology between now and 2020. Wind : Nordex. After 2020, however, further engine efficiency improvements are limited and relatively costly, while the amount of biofuels that will be available may be limited.

Plug-in 244