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Biden bans import of Russian oil, gas, coal with immediate effect; Putin to block exports of “certain products and raw materials”

Green Car Congress

President Joe Biden issued an executive order banning the importation from Russia of crude oil; petroleum; petroleum fuels, oils, and products of their distillation; liquefied natural gas; coal; and coal products. The ban is effective immediately; the US is blocking any new purchases of Russian energy.

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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. It’s the first large political since COP28 in December when the world pledged to transition away from fossil fuels. The problem is that whilst coal power has already been falling, gas power has not.

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Top US coal producer Wyoming just approved a $1.2B solar farm

Baua Electric

Cowboy Solar will be a massive bump in renewables for a state that’s produced more coal than any other state since 1986. According to the US Energy Information Administration, Wyoming produces almost 12 times more energy – generated mainly by fossil fuels – than it consumes, making it the second-biggest net energy supplier after Texas.

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In a first, the US will restrict existing coal-fired plants’ emissions

Baua Electric

Trucks Haul Coal Navajo Mine by U.S. The Environmental Protection Agency (EPA) will require existing coal-fired and new natural gas-fired power plants to control 90% of their carbon emissions or shut down. Coal plants that intend to stay online beyond 2039 will have to cut or capture 90% of their CO2 emissions by 2032.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. Fossil fuels are playing a smaller role than ever as a system with wind and solar as its backbone comes into view.” Coal and gas are on their way out, and renewables are stepping up.

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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix. Get started here. –

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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

Light duty vehicle fleet by type and average fuel efficiency. Additionally, to achieve proposed fuel-economy targets, personal vehicles will need to be smaller and lighter than they are today. Vehicle downsizing could account for more than one-third of total projected fuel economy improvements through 2040. billion units.

Personal 408