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2018-12-05 09:40:00

OIL, GAS CONSUMPTION UP

OIL, GAS CONSUMPTION UP

IEAThe world’s advanced economies will see an uptick in their carbon dioxide emissions this year, bucking a five year-long decline, according to the International Energy Agency.

Based on the latest available energy data, energy-related CO2 emissions in North America, the European Union and other advanced economies in Asia Pacific grew, as higher oil and gas use more than offset declining coal consumption. As a result, the IEA expects CO2 emissions in these economies to increase by around 0.5% in 2018.

Although the growth in emissions is lower than the 2.4% rise in economic growth, it is particularly worrisome for global efforts to meet the Paris Agreement. Countries are gathered at the COP24 climate conference this week and next to take stock of efforts to limit emissions. Global energy-related CO2 emissions need to peak as soon as possible and then enter a steep decline for countries to meet climate goals.

The IEA also expects emerging economies to emit more CO2 than last year. The IEA’s full global energy and CO2 data for 2018 will be released next March, but all indications point to emissions growth globally, driven by rising energy use and a global economy expanding by 3.7%.

“Our data shows that despite the strong growth in solar PV and wind, emissions have started to rise again in advanced economies, highlighting the need for deploying all technologies and energy efficiency,” said Dr Fatih Birol, the IEA’s Executive Director. “This turnaround should be another warning to governments as they meet in Katowice this week. Increasing efforts are needed to encourage even more renewables, greater energy efficiency, more nuclear, and more innovation for technologies such as carbon capture, utilisation and storage and hydrogen, for instance.”

Energy-related CO2 emissions from advanced economies fell by  around 3%, or close to 400 million tons, over the past five years. This was primarily due to a steady decline in coal consumption, given rapid growth in renewables sources of energy, the spread of more efficient equipment and appliances, and coal-to-gas switching, especially in the United States, the United Kingdom, and elsewhere.

Global oil demand is set to grow robustly in 2018, global gas use is also increasing strongly, pushed in particular by Chinese policies aiming to curb air pollution in cities, while large numbers of new coal power plants continue to be built and come online. The IEA expects this will lead to a growth in global CO2 emissions in 2018. This growth will follow last year’s 1.6% increase, which ended a three-year period of flat emissions between 2014 and 2016. In the IEA’s Sustainable Development Scenario, which is aligned with the goals of the Paris Agreement as well as lower air pollution and universal energy access, global emissions fall by over 1% every year to 2025.

 

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Earlier: 

NUCLEAR FOR CLIMATE CHANGES
2018, November, 30, 11:15:00

NUCLEAR FOR CLIMATE CHANGES

WNN - "We acknowledge the contribution of, and potential for the applications of nuclear science and technology to meet a wide variety of basic socio-economic and human development needs; we recognise the progress made in all Member States in addressing such development needs and the benefits achieved from the application of nuclear techniques in both developing and developed States; and we underscore the growing need and demand for further utilisation of nuclear applications worldwide."

 

NUCLEAR POWER FOR CLIMATE
2018, November, 30, 11:10:00

NUCLEAR POWER FOR CLIMATE

WNN - Climate change is the most significant threat to our planet today. The latest Intergovernmental Panel on Climate Change (IPCC) report on the impacts of global warming reaching 1.5 degrees Celsius above pre-industrial levels sends a clear warning that this increase may be exceeded by 2030-2050 unless radical action is taken. Nuclear power is a low-carbon source of energy. According to the IPCC, the median lifecycle emissions from nuclear are 12g/kWh, as low as wind energy.

 

 

Oil&Gas
2018, November, 28, 12:40:00

U.S. SUBSTANTIAL DAMAGES

PLATTS - Overall, the report found that without more significant global mitigation, "climate change is projected to impose substantial damages on the US economy, human health and the environment."

 
 NUCLEAR POWER CHANGING
2018, November, 14, 11:50:00

NUCLEAR POWER CHANGING

WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told

 

 USE OF NUCLEAR POWER
2018, October, 10, 08:10:00

USE OF NUCLEAR POWER

WNN - A large increase in the use of nuclear power would help keep global warming to below 1.5 degrees, according to a United Nations report published today. The Intergovernmental Panel on Climate Change (IPCC) special report - Global Warming of 1.5 degrees - was commissioned by governments at the Paris climate talks in 2015 and will inform the COP24 summit in Katowice, Poland this December.

 

 WBG RENEWABLE INVESTMENT: $5 BLN
2018, October, 1, 11:05:00

WBG RENEWABLE INVESTMENT: $5 BLN

WBG - The $1 billion in World Bank Group financing is expected to mobilize another $4 billion in concessional climate financing and public and private investments. The program aims to finance 17.5 gigawatt hours (GWh) of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries.

 

 DUMB SOLAR ENERGY
2018, August, 10, 09:55:00

DUMB SOLAR ENERGY

REUTERS - Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to control the global energy market; and wind and solar energy are simply “dumb”.

 

 NUCLEAR: MORE ELECTRICITY
2018, March, 26, 07:50:00

NUCLEAR: MORE ELECTRICITY

IAEA - “Nuclear technology helps countries to produce more food, generate more electricity, treat diseases such as cancer, manage water supplies, protect the seas and oceans and respond to climate change — and much more,”

 

 NUCLEAR - 2050: 25%
2017, December, 15, 12:55:00

NUCLEAR - 2050: 25%

WNN - According to the Foratom statement, World Nuclear Association Director General Agneta Rising said: "By 2050, nuclear energy must account for 25% of energy generation if we are to meet our climate targets. With nuclear making up 11% of generation in 2014, an extra 1000 GWe in nuclear capacity will need to be built by 2050. However, meeting this goal will not be easy."

Tags: OIL, GAS, CONSUMPTION, CLIMATE, CARBON