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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
 In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in the amount of coal used for electricity generation over the past decade as well as growth in renewable energy, mostly from wind and solar. Compared with 2018, coal consumption in the United States decreased nearly 15%, and total renewable energy consumption grew by 1%.
Historically, wood was the main source of U.S. energy until the mid-1800s and was the only commercial-scale renewable source of energy in the United States until the first hydropower plants began producing electricity in the 1880s. Coal was used in the early 1800s as fuel for steam-powered boats and trains and making steel, and it was later used to generate electricity in the 1880s. EIA’s earliest energy estimates began in 1635.
EIA converts sources of energy to common units of heat, called British thermal units (Btu), to compare different types of energy that are reported in different physical units (barrels, cubic feet, tons, kilowatthours, etc.). EIA uses a fossil fuel equivalence to calculate electricity consumption of noncombustible renewables such as wind, hydro, solar, and geothermal.
In 2019, U.S. coal consumption decreased for the sixth consecutive year to 11.3 quadrillion Btu, the lowest level since 1964. Electricity generation from coal has declined significantly over the past decade and, in 2019, fell to its lowest level in 42 years. Natural gas consumption in the electric power sector has significantly increased in recent years and has displaced much of the electricity generation from retired coal plants.
Total renewable energy consumption in the United States grew for the fourth year in a row to a record-high 11.5 quadrillion Btu in 2019. Since 2015, the growth in U.S. renewable energy is almost entirely attributable to the use of wind and solar in the electric power sector. In 2019, electricity generation from wind surpassed hydro for the first time and is now the most-used source of renewable energy for electricity generation in the United States on an annual basis.
Although coal was once commonly used in the industrial, transportation, residential, and commercial sectors, today coal is mostly used in the United States to generate electricity. About 90% of U.S. coal consumption is in the electric power sector, and nearly all the rest is in the industrial sector.
Renewable energy is more broadly consumed by every sector in the United States. About 56% of commercially delivered U.S. renewable energy is used in the electric power sector, mostly from wind and hydroelectric power, but different types are also consumed in the industrial (22%), transportation (12%), residential (7%), and commercial (2%) sectors.
Biomass, which includes wood, biogenic waste, and biofuels, is consumed in every sector. Wood and the losses and co-products from production of biofuels are the main renewable sources used in the industrial sector, and biofuels such as fuel ethanol, biodiesel, and renewable diesel are used in the transportation sector. Wood, waste, solar, and geothermal are among the most common sources used directly in the residential and commercial sectors.
Principal contributor: Mickey Francis
Source: EIA
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Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
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- The University of Queensland
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- SMC Global Power, Philippines
- Star Paper Mills Limited - India
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- Petron Corporation, Philippines
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- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
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- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
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- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
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- MS Steel International - UAE
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- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Parliament of New Zealand
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- Grasim Industreis Ltd - India
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- Siam City Cement - Thailand
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- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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- Economic Council, Georgia
- Bhushan Steel Limited - India
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- Indonesian Coal Mining Association
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- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
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- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
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- Ceylon Electricity Board - Sri Lanka
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- Australian Commodity Traders Exchange
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- Bangladesh Power Developement Board
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- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
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