NewEnergyNews: Global Market Data Shows New Energy Rising, Old Energy Dropping

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY,:

  • TTTA Wednesday-ORIGINAL REPORTING: California’s Rooftop Solar Supports Questioned
  • TTTA Wednesday-The Transportation Electrification Policy Fight Goes On
  • THE DAY BEFORE

  • Monday Study – The Everywhere Drive To Modernize The Grid
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: Carbon Offsets Go Wrong
  • Weekend Video: Russia Uses Electricity As A Weapon In Europe
  • Weekend Video: Wildfires Are Driving Firefighters Nuts (No Joke)
  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-New Records For New Energy
  • FRIDAY WORLD HEADLINE-Russian NatGas Started The War In 2021
  • THE LAST DAY UP HERE

    THINGS-TO-THINK-ABOUT WEDNESDAY, May 11:

  • TTTA Wednesday-ORIGINAL REPORTING: Automated Customer Grid Services Coming In California
  • TTTA Wednesday-The Energy Transition’s Grid Modernization Marches On
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • FRIDAY WORLD, May 20:
  • Europe’s New Energy Transition Accelerating
  • New Energy Still The Best Buy

    Friday, April 29, 2022

    Global Market Data Shows New Energy Rising, Old Energy Dropping

    Global renewables to ‘double within 15 years’ – Peak oil could be as soon as 2025, finds McKinsey’s latest Global Energy Perspective report

    26 April 2022 (RENews)

    “[The share of renewables in global power generation is] expected to double in the next 15 years while total fossil fuel demand is projected to peak before 2030…[The 2022 McKinsey Global Energy Perspective] projects a rapid shift in the global energy mix…Global electric vehicle uptake will see global oil demand peak in the next three to five years…[But] with current government commitments and forecasted technology trends, global warming is projected to exceed 1.7°C by 2100, and reaching a 1.5°C pathway is increasingly challenging…

    …[Under the report’s middle scenario assumptions, oil demand could] peak in the next three to five years, primarily driven by electric-vehicle adoption…[The global energy mix is projected to shift towards low-carbon solutions, with a particularly strong role for power, hydrogen and synfuels…[R]enewables are projected to grow three-fold by 2050, accounting for 50% of power generation globally already by 2030 and 80-90% by 2050…

    …[H]ydrogen demand is expected to grow four-to-six-fold by 2050, driven primarily by road transport, maritime, and aviation, with hydrogen and derivative synfuels expected to account for 10% of global final energy consumption by 2050… 61% of new renewable capacity installation is already priced lower than fossil fuel alternatives and…battery costs have also fallen by nearly half in the past four years…By 2050, [carbon capture utilization and storage (CCUS)] could grow more than 100-fold from an almost non-existent footprint today, with investment opportunities exceeding LNG markets today…” click here for more

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