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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement.

Indonesia 195
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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel.

2019 186
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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US oil production is the largest source of production growth in the forecast, but that growth remains uncertain because of relatively low capital investment from oil producers, EIA noted. Areas of uncertainty include Russian oil supply and OPEC production. EIA forecasts US gasoline prices to average around $3.30

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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Once there is sufficient renewable output, battery storage and thermal balancing power plant capacity in the system, retire legacy inflexible plants, such as coal. This provides economic long-term energy storage, ensuring security of supply even during extreme weather conditions. — IEA Executive Director Fatih Birol.

Renewable 399
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Study Concludes Peak Coal Will Occur Close to 2011

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A multi-Hubbert analysis of coal production by Tadeusz Patzek at The University of Texas at Austin and Gregory Croft at the University of California, Berkeley concludes that the global peak of coal production from existing coalfields will occur close to the year 2011. The CO 2 emissions from burning this coal will also decline by 50%.

Coal 357
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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. —Dr Fatih Birol, IEA Executive Director. —Dr Fatih Birol.

Oil 300
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IEA report calls for no investment in new fossil fuel supply and end to sales of ICE cars by 2035

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The report is the first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth. Solar is the world’s single largest source of total energy supply.

Supplies 170