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NEW ENERGY REPORT SUGGESTS TROUBLE FOR PARIS AGREEMENT TARGETS: According to the Statistical Review of World Energy report, published today, 2022 saw record renewable energy growth—with solar and wind power alone reaching a 12% share of power generation. But the growth in the renewables sector mostly offset lost nuclear power, which dropped by 4.4% in 2022, rather than replacing fossil fuels, according to the report.
Spending on new renewable energy projects is estimated to have reached around half a trillion dollars for the first time on record, according to a Bloomberg NEF analysis. The train cars, which were carrying hot asphalt and molten sulfur, fell into the waterway in Montana as a result of a bridge collapse, and remained in the river over the weekend as officials worked to assess the scope of the damage and how to best remove them.
“Oil is irreplaceable for the foreseeable future,” OPEC Secretary General Haitham Al Ghais said today in Malaysia, speaking at the first-ever Energy Asia conference. Speaking at the Aspen Ideas Festival yesterday, Fink said he is “ashamed of being part of this conversation,” telling attendees that his investment letters emphasizing ESG investments were “never meant to be a political statement,” but rather “to identify long-term issues to our long-term investors.”
The funds will go towards transit projects in 46 states and territories and will purchase 1,700 U.S.-build buses—including half that will have zero carbon emissions.
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Top energy industry group grading presidential candidates' energy plansEXCLUSIVE: A top energy industry group is initiating an effort Monday to rank and grade presidential candidates on their policies related to energy and climate.
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Renewables growth did not dent fossil fuel dominance in 2022, report saysGlobal energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.
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Fossil Fuels Made Up 82 Percent of Global Energy Consumption in 202282% of global energy still came from fossil fuels in 2022, a reminder that the world is not moving fast enough to address climate change.
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Statistical Review Finds Fossil Fuels Still Dominate The Global Energy MixOil, natural gas and coal continued to dominate global primary energy consumption in 2022 despite focused efforts by western governments to subsidize a largely debt-funded transition to renewables and electric vehicles (EVs).
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Solar power helps Texas meet energy needsWith the extreme heat already here, Texas’ energy usage is rising. But there’s plenty of sunlight being converted into solar energy. The U.S. Energy Information Administration says less than 5% of Texas energy is generated from solar panels.
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Renewable energy plans could be bad news for my heat rashWhen I dreamed of my Tennessee vacation, I pictured myself lightly bronzed from days spent on the lake and beside the pool. Instead, I found myself in the same sorry state I succumb to every time I try to enjoy the radiant rays of the sun: slathered in lanolin, dusted like a doughnut in Gold Bond…
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