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Global Energy Trends From The 2023 Statistical Review Of World Energy

R-Squared Energy

While renewable power expanded at record rates, fossil fuels maintained an 82% share of total primary energy consumption. Natural gas and coal demand stayed nearly flat with oil rebounding close to pre-pandemic levels. Natural gas-fired power generation remained stable in 2022 with a share of around 23%.

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Will Covid-19 Permanently Shrink The Fossil Fuel Industry?

R-Squared Energy

The primary culprits behind coal’s decline are competition from cheap natural gas brought on by the shale gas boom in the U.S., But the natural gas and subsequent oil boom were victims of their own success. Global oil demand fell by as much as 30 million BPD, followed by gas and coal demand.

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How To Leverage $10 Billion To Reduce Carbon Emissions

R-Squared Energy

The primary culprits that add carbon dioxide to the atmosphere are the coal, oil, and natural gas — the fossil fuels — we consume for energy. There are two drivers behind coal’s decline: Natural gas and renewables. Low natural gas prices have made it economically attractive to shift to natural gas for baseload power.

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Enel Subsidiary to Close Coal Capacity in Spain

GreenTechMedia

In the first half of 2019, the company generated half as much power from its coal fleet as it did in the same period last year, without closing any capacity. In November last year, Spain’s government said its last coal and nuclear power plants would be closed by 2030.

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How energy providers can prepare for summer heat with innovative solutions

Renewable Energy World

California and other states are pushing to use clean electricity to power vehicles and buildings to cut carbon, which will increase demand. And the state’s last nuclear power plant and numerous coastal gas power plants are facing retirement.

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UK’s Power Sector in Negative Emissions by 2033, Grid Operator Says

GreenTechMedia

stays on track, there will be 11 million electric vehicles on U.K. Residential gas boilers will be a thing of the past, with 8 million heat pumps installed to replace them. Unabated natural-gas use will be halved by 2038. Adding more wind, solar and electric vehicles seems achievable, if challenging.

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Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. Xcel Energy is asking Minnesota regulators to approve $1.4

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