Remove Coal Remove Financing Remove Saudi Arabia
article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.

article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60

article thumbnail

Global solar growth is on track for another record-breaking year

Baua Electric

Based on the data up to July 2024, Ember’s analysis is in line with forecasts made by Bloomberg New Energy Finance ( BNEF ). Ember’s analysis also finds that solar capacity additions in 2024 will likely surpass the entire global increase – 540 GW – in coal power capacity since 2010.

Solar 52
article thumbnail

SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. Producers of so-called blue, gray and brown hydrogen use either fossil fuels (natural gas or coal) or low-temperature gasification (.

Waste 448
article thumbnail

Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

Green Car Congress

Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.

Obama 218
article thumbnail

Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It

Russia 225
article thumbnail

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

The new reality is a much more challenging future in terms of planning, financing and predictability. Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum).