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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

Green Car Congress

Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. Light duty vehicle fleet by type and average fuel efficiency. Source: ExxonMobil Outlook.

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Next Fuel, Inc. signs definitive agreement to field test coal-to-gas technology in China; Chinese partner makes strategic investment

Green Car Congress

The company also announced that persons affiliated with Future Fuel made the second part of a $2-million strategic investment in Next Fuel and now own 1 million shares of common stock, which exceeds 10% of Next Fuel’s outstanding shares, and a representative of the investor group joined the Board of Directors. Next Fuel, Inc.,

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040.

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EGEB: Can coal state West Virginia become the ‘poster child’ for clean energy?

Electrek

In today’s Electrek Green Energy Brief (EGEB): There are currently more than $127 million in clean energy projects in West Virginia. Dominion Energy proposes the largest solar and storage expansion in Virginia’s history. Tesla now offers price matching, so it’s important to shop for the best quotes.

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Berkeley Lab study forecasts China energy use will peak within 20 years; 356 million private cars by 2050

Green Car Congress

China’s energy use will level off well before mid-century even as its population edges past 1.4 billion due to the phenomenon of saturation, according to a new study by Berkeley Lab’s China Energy Group. Additionally, other energy-intensive industries will see demand for their products flatten. Source: LBL.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). LDV energy consumption declines in AEO2014 Reference case from 16.0 Delivered energy demand for heavy-duty vehicles (HDVs) in AEO2014 increases from 5.3 HDV energy demand is tempered somewhat by an average 0.5%

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EGEB: 76% of proposed coal plants have been canceled since 2015

Electrek

In today’s Electrek Green Energy Brief (EGEB): If just six countries took action now, it would eliminate 82% of the remaining coal pipeline. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.

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