A new report from Bloomberg New Energy Finance has highlighted the rising importance of developing nations in driving clean energy adoption worldwide, and finds they are seizing the mantle of global clean energy leadership from wealthier, more developed nations.
Clean energy investments slowed considerably in 2016 in both OECD and non-OECD markets but the drop-off was most significant in emerging markets, falling by $40.2 billion to only $111.4 billion in 2016, according to Bloomberg New Energy Finance’s new Climatescope 2017 report.
Solar energy has been identified as a potential low-cost and highly-efficient means of providing electricity to those in off-grid, remote areas, but a new study has concluded that with little access to financial resources, new business models will be required to make this happen.
Investing in renewable energy projects in emerging markets has returns that are on average 28% higher than those in Europe or North America. The findings are part of the recently released Mercatus Global Advanced Energy Insights Report Volume IV, published by cloud-based software company Mercatus, which offers software to help digitally assess … [continued]
Developing nations face having to find an additional $270 billion per year in climate adaptation costs if global pledges to cut emissions are not improved. A new report published by nonprofit organization Oxfam this week concluded that developing countries “face being crushed under the double burden” of climate change adaptation … [continued]
A ten-day meeting to hone the draft text of the Paris 2015 universal climate agreement has begun in Bonn, Germany. Presidents of the UN Framework Convention on Climate Change’s Lima COP20 (Manuel Pulgar-Vidal, the deft and diplomatic Environment Minister of Peru) and the upcoming Paris COP21 meetings (Laurent Fabius, who is … [continued]
A new report from The Pew Charitable Trusts has shown that investment in and deployment of clean and renewable energies is shifting towards developing nations. The report, Power Shifts—Emerging Clean Energy Markets, shows that investment and deployment of electricity infrastructure is shifting from the industrialized economies of the Northern Hemisphere towards … [continued]
Picking up where we left off yesterday, the nations that were actually expected to meet this week’s INDC deadline all fall into the “developed” category. I use quotation marks to indicate the fuzzy nature of that concept. A more appropriate term might be “industrialized,” since the world’s concept of what’s developed and … [continued]
What if we could cut city energy use by about one-fourth, from 730 EJ to 540 EJ, in 2050? The alternative is tripling it, as current urbanization trends indicate. The most urbanized areas of the globe are North America (82%), Latin America and the Caribbean (80%), and Europe (73%). Urban areas play … [continued]
A gallon of gas costs less today than it has for a long time. Just last summer, we were paying about $3.70 per gallon. Six months later, the average price is $2.65… and falling. This may translate to $75 billion in gasoline savings for US drivers in 2015, says AAA. … [continued]
