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22 good and bad news of 2017 in the field of international energy

[ The published date :2018/1/4     Editors : admin ]

1. Sweden is committed to realize zero carbon emissions by 2045 and Sweden's largest pension fund has decided to divest six companies which violated the Paris climate pact, including Exxon, Gazprom and TransCanada.
2. The global coal industry experienced a cold winter: a 48% reduction in pre-projects, a 62% reduction in start-up projects and a 19% decrease in projects under construction.
3. The shareholders of the world's largest oil company ExxonMobil, is forcing the company to begin reporting on its efforts and the effectiveness of its response to climate change in May 2017.
4. France has decided to stop issuing oil and gas exploration licenses and will stop all oil and gas production by 2040.
5. Deutsche Bank, the biggest god of the world's coal industry, announced that it will stop funding new coal projects.
6. The world's largest sovereign wealth fund, the Norwegian sovereign wealth fund, announced the divestment of all fossil fuel projects, while global insurers have withdrawn $ 20 billion.
7. The United Kingdom, France and Finland announced the end of sales of fuel vehicles by 2040 in 2017.
8. China continues to hold down its coal and shut down the coal-fired power projects with installed capacity exceeding 150 GW, and the coal industry has reduced its workforce by 700,000 since 2014.
9. Canadian energy company TransCanada decided to cancel the Energy East Pipeline and the Eastern Mainline project with a direct loss of $ 10.
10. 40 Catholic communities on five continents also announced that they would no longer invest in fossil fuels in October of 2017.
11. At the cradle of the industrial revolution, Britain's carbon emissions dropped to their lowest level since 1894; the United Kingdom realized for the first time in 140 years that there was no coal-fired power on April 21, 2017.
12. More than 20 countries, including the United Kingdom, France, Mexico, Canada and Finland, formed the Global Coalition for Assisting in Phase-out Coalition to stop the use of coal by 2030 in November of 2017.
13. The cost of solar energy and wind power have dropped by more than 25%, and clean energy has become the mainstream in 2017.
14. The solar PV costs have dropped 30% in a year in the United States, while offshore wind has halved in price in two years in the UK.
15. The clean energy industry is growing at a rate of 12 times faster than the average U.S. economy in the United States; one out of every 50 new jobs comes from solar photovoltaics.
16. South Korea, the staunchest nuclear power and supporter of the world's coal, adjusted its energy policy and announced that it will prioritize the development of natural gas and renewable energy in June 2017.
17. JP Morgan Chase announced that it will achieve 100% renewable energy supply by 2020 and that it will raise 200 billion U.S. dollars to support clean energy projects by 2025.
18. One of the originators of fuel cars, General Motors, acknowledged that "the future is all-electric vehicles." Volkswagen announced that it will invest 70 billion to promote the transformation of electric vehicles. Volvo said that they will only to produce the all-electric or hybrid vehicles from 2019.
19. China added 54GW of solar capacity in 2017, and set a new world record; the cumulative installed capacity target for 2020 is 213GW, which is more than double the original target.
20. The non-governmental organization Climate Action Tracker analyzed and assessed that China will promise to reach its peak in carbon emissions by 10 years ahead of schedule, and will stabilize at the level of 12 billion tons/year of carbon emissions.
21. India’s new PV installed capacity in 2017 was the double of the previous year and accounted for 40% of the new installed capacity in the year,and became the largest new power source.
22. The EU reduced its carbon emissions by 23% between 1990 and 2016, while the economy grew 53% over the same period.