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Signs are surfacing that the rollout of electric vehicles and renewable energy sources is working as designed. According to a new report from the International Energy Agency (IEA), record EV and clean energy deployment are contributing to a significant reduction in CO2 emissions in 2022.

Global carbon dioxide (CO2) emissions rebounded sharply last year as economic activity picked up after strict lockdowns during the pandemic. Historic government stimulus and the rapid rollout of vaccines jump-started the global economy, putting it into overdrive.

Global economic growth jumped 5.9% as people returned to their daily routines. At the same time, the pandemic-induced supply chain bottlenecks remained, driving commodity prices and, in turn, inflation to a multidecade high.

Energy prices, such as gas and oil, saw the most dramatic increase with limited production ability and skyrocketing demand. Rising oil and natural gas prices led to a higher reliance on coal, which is notorious for emitting CO2.

To make matters worse, the “energy crisis” is being fueled by the war in Ukraine and OPEC’s decision to cut oil production, threatening global supply.

Rather than remaining a victim to volatile gas and oil prices, several nations have invested heavily in sustainable energy solutions, implementing favorable policies to promote renewable energy and EV adoption.

2022 has been a transformational year so far, as government leaders around the world work to reduce their reliance on carbon-emitting fossil fuels.

Renewable energy sources covered the rise in global electricity demand in the first half of the year. Moreover, after doubling in 2021, electric vehicle sales are on track to claim 13% of total light-duty vehicle sales globally.

According to the latest IEA analysis, despite a looming energy crisis, the historic rise in EV deployment and renewable energy use is working in the quest to reduce global reliance on fossil fuels and cut CO2 emissions.

EV-CO2-emissions
Solar energy powering grid Source: Shutterstock

Record EV and clean energy deployment reducing CO2 emissions

The IEA’s report claims global CO2 emissions are on track to rise by just 1%, or 300 million tonnes, in 2022 after spiking by almost 2 billion tonnes in 2021.

Perhaps, most importantly, the IEA notes:

The rise in global CO2 emissions this year would be much larger – more than tripling to reach close to 1 billion tonnes – were it not for the major deployments of renewable energy technologies and electric vehicles (EVs) around the world.

Interestingly, the improvement shows a stark contrast to what happened following the 2008 global financial crisis, where CO2 emissions rose substantially for several years after.

The war in Ukraine has established a race to find alternative energy sources, and so far, solar and wind energy generation is helping fill the supply gap. IEA executive director, Fatih Birol, explains:

This means that CO2 emissions are growing far less quickly this year than some people feared – and that policy actions by governments are driving real structural changes in the energy economy. Those changes are set to accelerate thanks to the major clean energy policy plans that have advanced around the world in recent months.

Solar and wind are leading the transition, with a record 700 TWh generated in 2022. Without the added renewable energy, CO2 emissions would be over 600 million tonnes more this year, according to the IEA.

Electrek’s Take

New policies around the globe (US, Inflation Reduction Act; EU, Fit for 55; Japan, Green Transformation (GX) plan; etc.) are establishing a path for lasting carbon emission reductions.

The news is significant, showing that if we continue down this path, we can control our fate. Instead of relying on a market-based commodity like natural gas or oil to drive the global economy, renewable energy and EVs offer a superior alternative.

We are still in the early stages of rolling out renewable energy sources and EVs globally. However, the IEA’s report indicates the progress is working. If we continue expanding renewable energy sources while transitioning to EVs as planned, this is likely the start of a new trend.

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Tesla investigates Model S that caught fire while Supercharging

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Tesla investigates Model S that caught fire while Supercharging

A Tesla Model S has caught fire while charging at a Supercharger station in France. Tesla is investigating the issue, and the station is temporarily closed.

Sunday night, a fire was reported at the Tesla Supercharger station in Pontarlier, a small community in France near the border with Switzerland.

The firefighters were called, and they were able to extinguish the fire, which appeared to have originated from a Model S that was plugged into the Supercharger.

The car was supervised until this morning to ensure it didn’t reignite.

The local newspaper L’Est Republicain shared a picture of the aftermath, which shows the Tesla Model S is a total loss:

According to the local paper, Tesla sent a technician from Lyon to investigate the issue (translated from French):

A Tesla technician came from Lyon during the night to investigate the causes of the fire. The investigation is still ongoing.

Electric vehicle batteries can sometimes catch on fire, but statistically, they don’t catch on fire at a higher rate than fossil fuel-powered vehicles.

Like with fossil fuel-powered vehicle fires, most EV fires occur after a significant crash. However, it can happen that a vehicle catches on fire by itself. In those cases, it’s important to investigate and make sure to track down the cause of the fire in order to make EVs safer.

For example, this is what happened with the Chevy Bolt EV battery recall.

Last week, we also reported on a Cybertruck that caught fire while parked at a Tesla lot in Atlanta.

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Ferrari’s first EV spotted out in the wild teasing a bold new design [Video]

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Ferrari's first EV spotted out in the wild teasing a bold new design [Video]

The first all-electric Ferrari is expected to make its first official appearance later this year. Ahead of its debut, Ferrari’s first EV was spotted testing with an updated design. Take a look at it below.

Ferrari’s first EV caught testing ahead of its official debut

Despite an expected debut later this year, Ferrari has been, for the most part, tight-lipped about its first electric car.

CEO Benedetto Vigna promises it will be “a lot of fun” to drive, as expected from a Ferrari.” Vigna explained, “People buy a Ferrari because when they buy a Ferrari, they have a lot of fun.” The first fully electric model will be no different.

Although it has taken longer than many wanted, Ferrari’s CEO promises its first EV will be built “the right way.” It will still include all the Ferrari-like sound and signature design elements but in an all-electric form.

We caught a glimpse of the upcoming EV a few times already last year as it hit the road for testing. However, the most recent sighting, courtesy of Varryx, gives us an even closer look. The new video reveals an updated prototype and new design features you can expect to see.

Ferrari EV prototype testing (Source: Varryx)

Despite still being covered in camouflage, you can see the prototype is wearing new headlights and body panels. It also has several wires and brackets exposed up front.

Like previous sightings, Ferrari’s first EV prototype still has fake tailpipes. As the car passes, you can hear an exhaust-like sound, hinting that a fake one like Dodge’s electric charger could be in the works.

Ferrari's-first-EV
Inside Ferrari’s new e-building (Source: Ferrari)

Last summer, Ferrari opened its new e-building, where the first electric car will be built. The facility will also build e-motors, batteries, and inverters. As you can see, the first electric Ferrari will be a crossover SUV similar to the Purosangue.

The electric crossover SUV is expected to make its first official appearance later this year as a 2026 model. By 2026, Ferrari aims for EVs and plug-in hybrids (PHEVs) to account for 60% of sales.

What do you think of Ferrari’s electric crossover? Let us know in the comments. Check back soon for more leading up to its debut later this year.

Source: Varryx

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Biden permanently bans oil drilling in nearly all federal waters

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Biden permanently bans oil drilling in nearly all federal waters

The White House announced today that President Joe Biden is banning new offshore oil and gas drilling along 625 million acres of US coastline, taking the total area of ocean he’s protected to 670 million acres.

Biden, who wraps up his term in just two weeks, has used his authority under Section 12(a) of the Outer Continental Shelf Lands Act, which allows him to withdraw any unleased areas of the Outer Continental Shelf from future offshore drilling. Biden is protecting stretches of the East and West coasts, the eastern Gulf of Mexico, and parts of Alaska’s Northern Bering Sea.

“In balancing the many uses and benefits of America’s ocean, it is clear to me that the relatively minimal fossil fuel potential in the areas I am withdrawing do not justify the environmental, public health, and economic risks that would come from new leasing and drilling,” Biden said in a statement on Monday.

Biden continued, “The Deepwater Horizon oil spill [pictured above], a man-made catastrophe that took the lives of 11 people and spilled millions of barrels of oil into the waters of the Gulf of Mexico, is a solemn reminder of the costs and risks of offshore drilling to the health and resilience of our coasts and fisheries and underscores the importance of the legal protections I am putting in place today.”

Previous presidents from both parties have used this authority to withdraw large areas from oil and gas leasing. In 2020, the Trump administration protected North Carolina through Florida for 10 years in response to wide opposition to drilling from Republicans and voters, but the protections were set to expire in 2032. Biden’s announcement now permanently protects these areas. Trump, however, says he wants to overturn Biden’s oil drilling ban “on day one.”

Joseph Gordon, campaign director for the ocean conservation group Oceana, said in a statement, “President Biden’s new protections add to this bipartisan history, including President Trump’s previous withdrawals in the southeastern United States in 2020. Our treasured coastal communities are now safeguarded for future generations.”

The oil industry currently holds more than 2,000 leases, according to a 2023 Oceana report, with 75% of that ocean acreage currently unused. 

Read more: Renewables powered 24% of US electricity in first 3 quarters of 2024


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