Remove Climate Change Remove Oil Remove Stimulus
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Study finds global oil demand likely to grow despite pandemic, climate policies

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The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.

Oil 259
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IEA: global carbon dioxide emissions have rebounded strongly

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In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. Most of this—around 1 billion tonnes, which is more than the annual emissions of Japan—was due to lower use of oil for road transport and aviation.

Emissions 433
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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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The announcement of the new awards comes a day after high-profile solar company Solyndra, which had received a $535-million Federal loan guarantee under the Obama Administration’s stimulus program, ceased operations, laid off its 1,110 workers and filed for bankruptcy. To the first, the answer is a qualified yes.

Solar 348
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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EIA projects that world oil consumption will grow by 1.5 This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. US crude oil production averaged 5.32 million barrels per day (bbl/d) in 2010 and 1.6

2008 186
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. Wash-out from “Food versus Fuel” and “Indirect Land Use Change” will linger, shifting.

Global 225
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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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Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Source: EIA.

Renewable 220
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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. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations. Coal use would decline most rapidly.

Renewable 199