Remove Asia Remove Cost Of Remove International Remove Pollution
article thumbnail

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. As a result, investment decisions are becoming increasingly complex.

Price 416
article thumbnail

Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Simultaneously, with fuel prices surging as much as 20% in the last six months, and the cumulative costs of internal combustion engine-vehicle maintenance, drivers are increasingly turning to cost-effective electric auto-rickshaws as the modern and reliable vehicles of choice.

Power 243
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. —Snam CEO Marco Alverà.

Gas 243
article thumbnail

ICCT study confirms feasibility of implementing IMO Tier III NOx standards using SCR; fuel efficiency gains as well

Green Car Congress

Selective catalytic reduction is a technically feasible, cost-effective way to achieve the limits on nitrogen oxide (NO x ) emissions from ships mandated by the International Maritime Organization (IMO) for 2016, according to a study released by the International Council on Clean Transportation (ICCT).

Standards 218
article thumbnail

Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

Based on an ADB study, gasoline-fueled tricycles are responsible for more than two-thirds of all air pollution generated by the country’s entire transport sector. —Juan Miranda, Director General of ADB’s South Asia Department. million.

article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable 150
article thumbnail

Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change. restructure pricing incentives so users Pay for the full costs of transport consumption.